Business Responsibility and Sustainability Report of the Company for the FY 2025-26

WEL/SEC/2026 July 29, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No. C-1, Block- 2nd Floor, New Trading Wing, Rotunda Building, G, Bandra-Kurla Complex, P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 532553 NSE Symbol: WELENT Dear Madam/Sir, Subject: Business Responsibility and Sustainability Report for the FY 2025-26 Pursuant to the Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Business Responsibility and Sustainability Report (BRSR) for the FY 2025-26 along with Independent Limited Assurance Statement issued by BDO India Services Private Limited. The BRSR also forms an integral part of the Annual Report for the FY 2025-26, submitted to the stock exchanges vide letter dated July 29, 2026. You are requested to kindly take the above information on your records. Thanking you, Yours faithfully, For Welspun Enterprises Limited Nidhi Tanna Company Secretary ACS-30465 Encl.: as above Business Responsibility and Sustainability Report II Statutory Reports Business Responsibility and Sustainability Report SECTION A: GENERAL DISCLOSURES Details of the listed entity: S. No. Question Response 1. Corporate Identity Number (CIN) of the Entity L45201GJ1994PLC023920 2. Name of the Listed Entity Welspun Enterprises Limited 3. Year of Incorporation 20/12/1994 4. Registered Office Address Welspun City”, Village Versamedi, Taluka Anjar, District Kutch, Gujarat – 370 110 5. Corporate Address Welspun House, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013 6. E-mail companysecretary_wel@welspun.com 7. Telephone Tel: +91-22-6613 6000 8. Website www.welspunenterprises.com 9. Financial Year for which report is being done 1st April 2025 to 31st March 2026 10. Name of the Stock Exchange(s) where shares are 1. BSE Limited listed 2. National Stock Exchange Limited (NSE) 11. Paid-up Capital CR (INR.) 138.41 12. Name and contact details (telephone & email) of the Mr. Sandeep Garg person who may be contacted in case of queries on Managing Director the BRSR report Telephone - 022-66136000 Email address - companysecretary_wel@welspun.com 13. Reporting Boundary Standalone (Standalone or Consolidated basis) 14. Name of assurance provider BDO India Services Pvt. Ltd. 15. Type of assurance obtained Limited Assurance Products and Services: 16. Details of business activities (accounting for 90% of the turnover): %Turnover of S. No. Description of Main Activity Description of Business Activity the entity 1. Infrastructure development One of India’s leading infrastructure development 100% companies. WEL specializes in road and water projects under the Hybrid Annuity Model (HAM) and via large- value Engineering, Procurement and Construction (EPC) contracts. It also selectively undertakes Build- Operate-Transfer (BOT) projects. 1 Annual Report 2025-26 17. Product/ Services sold by the entity (accounting for 90% of the entity’s turnover): %of total turnover S. No. Product/ Service NIC Code contributed 1. Road projects under: 42101 47.3% • Hybrid Annuity Model • Engineering, Procurement, and Construction • Build Operate Transfer Contracts 2. Water projects under: 36000 and 49300 46.3% • Engineering, Procurement, and Construction • Build Operate Transfer Contracts • Water collection, water treatment, and water supply • Transportation of water via pipeline Operations: 18. Number of locations where plants and/or operations/ offices of the entity are situated: Number of Plants Location Number of Offices Total and Operations National 11 2 13 International 0 0 0 *FY 25-26 Welspun Enterprises added following 3 project sites – 1. Dharavi – Ghatkopar, Mumbai 2. Panjrapur, Thane 3. Pune – Shirur 19. Markets Served by the Entity: a. Number of Locations: Location Number National (No. of States/Union Territories) 7 International (No. of Countries) 0 b. What is the contribution of exports as a percentage of the total turnover of the entity? Not applicable, since WEL does not have any products or services that are exported. c. A Brief on types of customers? Welspun Enterprises Limited primarily serves public sector clients, including central and state government bodies such as the National Highways Authority of India (NHAI), state public works departments, and local municipal authorities. The company also undertakes select projects in collaboration with non-government and private sector entities, depending on the scope and nature of the infrastructure engagement. Annual Report 2025-26 2 Business Responsibility and Sustainability Report II Statutory Reports Employees: 20. Details as at the end of Financial Year 2025- 26: a. Employees and Workers Male Female Others S. Total Particulars Number Percentage Number Percentage Number Percentage No. (A) (B) (B/A) (B) (B/A) (C) (C/A) Employees (including differently abled) 1. Permanent Employees 801 739 92.26% 61 7.62% 1 0.12% 2. Other than Permanent 15 11 73.33% 4 26.67% 0 0.00% Employees 3. Total Employees (1+2) 816 750 91.91% 65 7.97% 1 0.12% Workers (including differently abled) 4. Permanent Workers 129 129 100% 0 0% 0 0% 5. Other than Permanent 0 0 0 0 0 0 0 Workers* 6. Total Workers (4+5) 129 129 100% 0 0% 0 0% * We do not engage with manpower providers, as all contract workforce is provided by service contractor. b. Differently abled Employees and Workers Male Female Particulars Total (A) Percentage Percentage No. Number (B) Number (B) (B/A) (B/A) Differently Abled Employees 1. Permanent Employees 0 0 0% 0 0% 2. Other than Permanent 0 0 0% 0 0% Employees 3. Total Employees (1+2) 0 0 0% 0 0% Differently Abled Workers 4. Permanent Workers 1 1 100% 0 0% 5. Other than Permanent Workers 0 0 0% 0 0% 6. Total Workers (4+5) 1 1 100% 0 0% 21. Participation/ Inclusion/ Representation of Women Total (A) Number of Female (B) Percentage (B/A) Board of Directors 8 1 12.5% Key Management Personnel 5 1 20% 22. Turnover rate for permanent employees and workers: FY 2025- 26 FY 2024-25 FY 2023-24 Male Female Total Male Female Total Male Female Total Permanent Employees 32% 14% 31% 35.34% 23.33% 35.58% 33% 31% 33% Permanent Workers 33% 0% 33% 35.25% 0% 35.25% 33% 0% 30% 3 Annual Report 2025-26 Holding, Subsidiary and Associate Companies (including joint ventures): 23. (a). Names of holding/ subsidiary/ associate companies/ joint ventures Does the entity indicated Indicate whether % of shares at Column A, participate S. holding/ subsidiary/ Name held by in the Business No. associate company/ listed entity Responsibility initiatives joint venture of the entity (Yes/ No) 1 Adani Welspun Exploration Limited1 Associate 35% No 2 Welspun Michigan Engineers Limited Subsidiary 60.09% No 3 Welspun Projects (Himmatnagar Bypass) Subsidiary 100% No* Private Ltd 4 ARSS Bus Terminal Private Limited Subsidiary 100% No* 5 Dewas Waterprojects Works Private Subsidiary 100% Yes Limited 6 DME Infra Private Limited Subsidiary 100% No 7 Welspun Aunta-Simaria Project Private Subsidiary 74% Yes Limited2 8 Welspun Sattanathapuram Nagapattinam Subsidiary 70% Yes Road Private Limited3 9 Grenoble Infrastructure Private Limited Subsidiary 49% No 10 Welsteel Enterprises Private Limited Subsidiary 49% No 11 NXT-Infra MCP Highways Private Limited4 Associate 51% NA 12 Welspun EDAC JV Private Limited Subsidiary 80% Yes 13 Welspun Smartops Limited5 Subsidiary 100% No 14 Welspun Corporate Services Limited6 Associate 20% No 15 Welspun Kaveri Projects JV Associate 70% Yes 1. WEL holds more than 20% voting power 2. In addition to aforesaid stake, 12.74% are held through Welsteel Enterprises Private Limited 3. In addition to aforesaid stake, 14.7% are held through Grenoble Infrastructure Private Limited 4. WEL holds more than 20% voting power 5. Wholly-owned subsidiary of Welspun Michigan Engineers Limited 6. Acquired 20% stake in Welspun Corporate Services Limited on March 19, 2026 [Showing first 8,000 characters — download PDF for full document]