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)