Outcome of Board Meeting

WEL/SEC/2026 November 05, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 532553 NSE Symbol: WELENT Dear Madam / Sir, Sub: Un-audited Financial Results and Limited Review Report for the quarter and half year ended September 30, 2026 Pursuant to Regulation 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Un-audited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026, alongwith the Limited Review Report (“Results”), as reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held today i.e. on November 05, 2026. Further, the press release on the aforesaid Financial Results is also enclosed herewith. The Board Meeting commenced at 03:00 p.m. and concluded at 06:30 p.m. Furthermore, please note the trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015, shall re-open from Sunday, November 08, 2026. The above information is also available on the website of the Company at www.welspunenterprises.com We request you to take the above on record. Thanking you. Yours faithfully, For Welspun Enterprises Limited Nidhi Tanna Company Secretary ACS-30465 Encl.: as above WELSPUN ENTERPRISES LIMITED - Q2 & H1FY27 BUSINESS UPDATE Q2 & H1 FY27: Delivering Performance, Unlocking Value & Building for Growth Mumbai, November 5, 2026: Welspun Enterprises Ltd. (“WEL” or “Company”), part of Welspun World, today announced its unaudited results for quarter and half year ended 30th September 2026 • Completed sale of 51% stake in Mukarba Chowk Panipat Road Project (MCP) realizing ₹ 194 crore capital gain. • Welspun Michigan Engineers Limited (WMEL) secured orders for pipeline rehabilitation of ₹428 crore, strengthening our urban infrastructure portfolio. • Adani Welspun Exploration Limited (AWEL) received an Order from Directorate General of Hydrocarbons (DGH) for approving utilization of ONGC’s existing facilities for evacuation and processing of gas from its Mumbai block on toll basis. CONSOLIDATED FINANCIALS Particulars (₹ Crore) Q2FY27 Q2FY26 YoY % H1FY27 H1FY26 YoY % Revenue from Operations* 1,035 784 32 1,808 1,629 11 Other Income 41 19 112 76 45 69 Total Income 1,076 803 34 1,884 1,674 13 EBITDA* 425 192 122 610 399 53 EBITDA margin (%)* 39.5% 23.9% 1,564 bps 32.4% 23.9% 852 bps PBT 351 126 179 473 279 69 Tax 52 30 73 83 70 19 Profit (loss) from discontinued (3) 3 - (38) (10) - operations (Net of tax) PAT 296 98 201 352 199 77 PAT margin 27.5% 12.2% 1527 bps 18.7% 11.9% 678 bps * For Q2FY27, Revenue from operations and EBITDA margin includes a gain of ₹194 crore arising out of 51% stake divestment in the Mukarba Chowk– Panipat project. Excluding the same, the revenue for the quarter is ₹841 crore, EBITDA ₹231 crore, with an EBITDA margin of 26.2%. CONSOLIDATED BALANCE SHEET 30th Sept Particulars (₹ Crore) 2026 Networth 3,581 Gross Debt 1,882 Cash & Cash Equivalents 1,432 MANAGEMENT COMMENTS Commenting on the Consolidated performance, Mr. Sandeep Garg, Managing Director – Welspun Enterprises, stated: “Our Q2 FY27 revenue grew by 32% YoY and EBITDA by 122% YoY reflecting our business model of recognizing profits first during the construction phase and subsequently in the form of equity returns through monetisation. Overall, in H1FY27 revenue grew by 11%YoY which is in line with our stated guidance, led by disciplined execution and our focussed capital recycling strategy. The EBITDA grew by 53% YoY, with an EBITDA margin of 32.4%, well above our guidance. WELSPUN ENTERPRISES LIMITED - Q2 & H1FY27 BUSINESS UPDATE Our strong performance has further strengthened the Balance Sheet, with cash and cash equivalents of ₹1,432 crore and a net worth of ₹3,581 crore as at September 30, 2026. Further reinforcing our financial position, CRISIL upgraded our long-term credit rating from ‘AA-’ to ‘AA’, with a ‘Stable’ outlook. This upgrade underscores our disciplined financial management, stronger credit profile and resilient business model. With a diversified order book of ₹18,708 crore and a healthy pipeline of opportunities across our core segments, we remain confident of delivering on our medium-term growth and profitability guidance. In a significant strategic development, we are happy to inform that DGH has passed an Order approving the utilisation of ONGC’s existing facilities by AWEL to evacuate and process gas from its Mumbai block on toll basis. This will substantially reduce AWEL’s risk and capital investment and accelerate the milestone towards first gas production. ABOUT WELSPUN ENTERPRISES LTD. Welspun Enterprises Ltd. (WEL), part of Welspun World, is an infrastructure development company focusing on Transportation, Water and Wastewater and Tunnelling segments. The Company also has investments in Oil & Gas exploration. Backed by experienced management and strong parentage, WEL, along with its subsidiary Welspun Michigan Engineers, have a proven track record with the execution of water infrastructure projects and over 1,000 kms of road projects. www.welspunenterprises.com. ABOUT WELSPUN WORLD Welspun World is one of India’s fastest growing global conglomerates, with businesses in Line Pipes, Home Textiles, and Infrastructure, Steel, Warehousing, New Energy, Advanced Textiles and Flooring solutions. With annual revenues of over USD 5 billion and presence of over three decades, Welspun has been recognized as a global leader in Home Textiles and Line Pipes, with existence in over 60 countries backed by a strong team of 40,000+ employees. The Group enjoys a strong relationship with almost all Fortune 100 companies operating in the Retail and O&G sectors and has been continuously following global ESG practices as a responsible conglomerate. www.welspun.com Disclaimer The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this release shall constitute an invitation to invest in Welspun Enterprises Ltd or any of its affiliates. Neither Welspun Enterprises Ltd, nor their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this release, including, without limitation, any loss of profit, indirect, incidental or consequential loss. For further information please visit www.welspunenterprises.com or contact the Investor Relations team at: investorrelations_WEL@welspun.com Suresh Surana & Associates LLP CI .i Ci cd ALt.QUItLLI1l, Suresh Surana & Associates UP 303-309, TechnopoI3s KnoMedge Park Mahekali Caves Road, Andheri MunThal 400 093, ndia T -91(22)61085555 ernaiIsis;-assocjates toni ww.ss-assOtiatescom LIP Identity No. AAS-7509 Independent Auditor's Review Report on the Unaudited Consolidated Financial Results of Welspun Enterprises Limited ("the Holding Company" or "the Company") for the quarter and half year ended 30 September 2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review report to The Board of Directors of Welspun Enterprises Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Welspun Enterprises Limited ("the Holding Company" or "the Company"), which includes Welspun Enterprises Employees Welfare Trust, its subsidiaries and joint operations of a subsidiary accounted on a proportionate basis (the Holding Company, its subsidiaries and joint operations of a subsidiary together referred to as "the Group") and its share of profit / (loss) after tax and total comprehensive income/(loss) of associates for the quarter and half year ended 30 Sep [Showing first 8,000 characters — download PDF for full document]