NSEChange in Management8 Jul 2026 · 8 Jul 2026, 07:58 pm
Change in Management
Welspun Enterprises Limited · WELENT
✦ AI SummaryMgmt Change
Welspun Enterprises Limited has informed the Exchange about changes in roles & responsibilities of the Senior Management Personnel(s) of the Company. Mr. Sandeep Garg will assume interim leadership of the Company’s Water vertical operations, while Mr. Saurin Patel will continue as Managing Director of WMEL. Mr. Hardik Dhebar has resigned as Head Finance & Investor Relations and Chief Financial Officer of WMEL.
Analysis Scores
Earnings Impact0/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Welspun Enterprises Limited has informed the Exchange about changes in roles & responsibilities of the Senior Management Personnel(s) of the Company
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WELENT_08072026195745_SE_Intimation.pdf
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WEL/SEC/2026 July 08, 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,
Subject: Disclosure pursuant to the Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to the provisions of Regulation 30 of SEBI Listing Regulations, we wish to inform you that
the Board basis the recommendation of the Nomination & Remuneration Committee, has considered
and inter alia approved the following changes in the roles and responsibilities of the Senior
Management Personnel(s) of the Company, for organizational realignment and the Company’s
continued focus on strengthening its independent business verticals, with immediate effect:-
a) Mr. Sandeep Garg, Managing Director of the Company, in addition to his existing roles and
responsibilities, will assume interim leadership of the Company’s Water vertical operations;
b) Pursuant to this transition, Mr. Saurin Patel, currently serving as the Head - Integrated Water
Vertical and Managing Director - Welspun Michigan Engineers Limited (“WMEL”), a material
subsidiary of the Company, will continue as the Managing Director of WMEL and shall focus on
strengthening WMEL as a product and technology-led water solutions company;
c) Mr. Hardik Dhebar, resignation as Head Finance & Investor Relations and Chief Financial
Officer of WMEL has been accepted with effect from July 08, 2026 and he will be relieved from
the services from the close of business hours on August 14, 2026. His resignation letter is
enclosed herewith.
The details as required to be disclosed under Para A of Regulation 30 of the SEBI Listing Regulations
read with the SEBI Master Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026, are disclosed as Annexure-A and Annexure-B to this letter.
This intimation is also uploaded on the Company’s website 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
Sl. Particulars Annexure-A Annexure-B
1. Name of the Officials Mr. Sandeep Garg & Mr. Saurin Mr. Hardik Dhebar
Patel
2. Reason for change viz. For organizational realignment Resignation as Head Finance
appointment, re-appointment, and the Company’s continued & Investor Relations and
resignation, removal, death or focus on strengthening its Chief Financial Officer of
otherwise; independent business verticals. WMEL
Water Vertical to scale as a
multi-geography EPC business;
and WMEL to develop as a
product & technology-led water
solutions Company.
3. Date of change / appointment / Date of Change:- July 08, Resignation has been
re-appointment / cessation (as 2026 accepted with effect from
applicable) & term of July 08, 2026. Mr. Dhebar
appointment/ re-appointment Terms of appointment:- Not will be relieved from the
applicable services from the close of
business hours on August 14,
2026.
4. Brief profile (in case of Not applicable Not applicable
appointment)
5. Disclosure of relationships Not applicable Not applicable
between directors (in case of
appointment of a director)