Shareholders meeting

WEL/SEC/2026 August 20, 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 G, Bandra-Kurla Complex, Building, P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 532553 NSE Symbol: WELENT Dear Madam / Sir, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) The 32nd Annual General Meeting (“AGM”) of the Company was held today, i.e., Thursday, August 20, 2026, at 11:00 a.m. IST through video conference (“VC”) / other audio-visual means (“OAVM”) in accordance with the applicable provisions of the Companies Act, 2013 (“the Act”), Circular(s) issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”) for transacting the business(es) as mentioned in the Notice of the AGM dated July 29, 2026. In this regard, please find enclosed herewith the proceedings of the 32nd AGM in accordance with Regulation 30 of SEBI Listing Regulations. The said intimation will also be hosted on the Company’s website at www.welspunenterprises.com This is for your information and records. Thanking you. For Welspun Enterprises Limited Nidhi Tanna Company Secretary ACS-30465 Encl.: as above Summary of the proceedings of the 32nd AGM A. Date, time and venue of the AGM The 32nd AGM of Welspun Enterprises Limited (“the Company”) was held on Thursday, August 20, 2026, through VC/OAVM in compliance with the provisions of the applicable law. The Meeting commenced at 11:00 a.m. (IST) and concluded at 12:40 p.m. (IST). B. Attendance and proceedings of the AGM in brief Sl. Names Designation 1. Mr. Balkrishan Goenka Chairman (Non-Executive Director) and Promoter of the Company 2. Mr. S Madhavan Lead Independent Director and Chairman of the Audit Committee, the Nomination & Remuneration Committee (NRC) and the Member of the Risk Management Committee (RMC) and the Environment Social Governance & Corporate Social Responsibility Committee (ESG & CSR Committee) 3. Mr. Raghav Chandra Independent Director and the Chairman of the RMC and the Member of the Audit Committee, NRC and the Share Transfer, Investor Grievance and Stakeholders’ Relationship Committee (SIGC) 4. Dr. Aruna Sharma Independent Director and Chairperson of the SIGC and the ESG & CSR Committee and the Member of the Audit Committee 5. Dr. Anoop Kumar Mittal Independent Director, and the Member of the NRC, ESG & CSR Committee, SIGC and RMC 6. Mr. Rajesh R. Mandawewala Non-Executive Director & Promoter of the Company 7. Mr. Sandeep Garg Managing Director and a member of the RMC 8. Mr. Deepak Chauhan Director - Legal & Ethics and a member of the RMC 9. Mr. Abhishek Chaudhary Chief Executive Officer – Transportation Vertical 10. Mr. Lalit Jain Chief Financial Officer 11. Ms. Nidhi Tanna Company Secretary & Compliance Officer 12. Mr. Santosh Maller Representative of M/s. Suresh Surana & Associates LLP, Mr. Vipul Shah Statutory Auditors 13. Mr. Milin Ramani Representative of M/s. Mihen Halani & Associates, Ms. Maitri Dharod Secretarial Auditor and Scrutinizer The details of the number of members present at the AGM were as follows:- Promoter(s) and Promoter(s) Group Public Total 5 45 50 Brief proceedings of the meeting are as under:-  Mr. Balkrishan Goenka, Chairman of the Company, Chaired the meeting and welcomed all the Members, Directors, and other participants to the AGM.  The Company Secretary thanked Regulators for permitting holding of the AGM through VC/OAVM, without requiring the physical attendance of the Members at a common venue and it was further confirmed that the Meeting held through VC/OAVM was in compliance with the Circulars issued by the MCA and SEBI.  The Register of Directors and the Key Managerial Personnel, the Register of Contracts or Arrangements and other documents mentioned in the AGM Notice were made available electronically to the Members for inspection during the AGM.  The requisite quorum being present, the Chairman called the Meeting to order.  The Company Secretary further informed the members that the respective Chairperson of the Audit Committee, NRC and SIGC, were present at the AGM to address the queries of the shareholders, if any, and the representatives of Statutory and Secretarial Auditors were also present at the meeting.  The Company Secretary informed the members that there were no qualifications, observations or adverse comments on financial statements of the Company as on March 31, 2026 and any other matters which have any material bearing on the functioning of the Company.  The Chairman addressed the members and provided a brief overview of the Company’s business performance and the future outlook. He highlighted key strategic and operational developments, as well as the awards and accolades that the Company received during the financial year 2025-26. He also discussed the Company’s ESG and CSR initiatives, along with the business outlook. The Chairman expressed gratitude to employees, clients, bankers, and all other stakeholders who have supported the Company throughout its journey, and thanked the government(s) for their continued support.  The Chairman informed the Members that the Notice convening the 32nd AGM and the Auditor’s Report for the financial year ending March 31, 2026, were circulated electronically with the Annual Report for FY 2025-26, and be taken as read.  The Company Secretary provided a summary of the resolutions to the Members and voting process and mentioned that pursuant to the provisions of the Act, all the Members were provided the facility to vote by remote e-voting which commenced on Monday, August 17, 2026, at 09:00 a.m. (IST) and concluded on Wednesday, August 19, 2026, at 05:00 p.m. (IST). It was also informed that those Members who could not vote through remote e-voting may cast their votes electronically during the meeting. C. Resolutions contained in the Notice dated July 29, 2026 The following business(es), as set forth in the Notice, were transacted:- Item Particulars Type of No. resolution(s) Ordinary Business(es) 1. To receive, consider and adopt the audited financial statements, on Ordinary consolidated and standalone basis, for the FY ended March 31, 2026, and the reports of the Board of Directors and the Auditors thereon. 2. To declare a final dividend of ₹3/- (Rupees Three Only) per equity shares Ordinary of face value of ₹10/- (Rupees Ten Only) each at the rate of 30% on the equity shares for the FY 2025-26 3. To appoint a director in place of Mr. Rajesh Mandawewala (DIN: Ordinary 00007179), who retires by rotation, and being eligible, offers himself for re- appointment. 4. Ratification of remuneration payable to the Statutory Auditors of the Ordinary Company for the FY 2026-27 Special Business(es) 5. Ratification of remuneration payable to the Cost Auditors of the Company Ordinary for the FY 2026-27 6. Ratification of remuneration payable to the Secretarial Auditors of the Ordinary Company for the FY 2026-27 7. Approval for Private Placement of securities upto ₹1,000 Crore Special 8. Approval for issuance of securities of the Company, in one or more Special tranches, through Private Placement/ Preferential Allotment/ QIP and/or other permissible modes 9. Approval for material related party transactions Ordinary 10. Re-designation and Re-appointment of Mr. Balkrishan Goenka (DIN: Special 00270175) as Non-Executive Director, designated as Chairman, and approval of remuneration payable 11. Approval for re-appointment of Mr. Sandeep Garg (DIN: 00036419) as the Special Managing Director, and remuneration payable 12. Approval for grant of Employee Stock Options to Mr. Deepak Chauhan Ordinary (DIN: 01694550), Director – Legal & Ethics 13. Approval for revision in remuneration of the Independent Directors Special 14. Approval for payment of addi [Showing first 8,000 characters — download PDF for full document]