BSECompany Update4d ago · 31 Aug 2026, 11:31 pm
Please find attached herewith the intimation regarding Update on Acquisition of 26% stake in Clean Max Dhyuthi Private Limited.
Welspun Living Ltd · 514162
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Welspun Living Ltd has cancelled its proposed acquisition of a 26% stake in Clean Max Dhyuthi Private Limited, citing current demand, supply, and availability of power at the relevant location.
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Welspun Living Ltd - 514162 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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WLL/SEC/2026 August 31, 2026
Bombay Stock Exchange Limited National Stock Exchange of India Limited
Department of Corporate Services, Listing Compliance Department
SP. J. Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
(Scrip Code-514162) (Symbol: WELSPUNLIV)
Dear Sirs/ Madam,
Subject: Update on acquisition of 26% equity stake in Clean Max Dhyuthi Private
Limited
In furtherance to our disclosure dated May 15, 2026, wherein it was informed that the
Board of Directors of Welspun Living Limited (“WLL” or the “Company”), at its
meeting held on May 15, 2026, had approved the acquisition of 48,599 (Forty-Eight
Thousand Five Hundred and Ninety-Nine) equity shares of Rs. 10/- each of Clean
Max Dhyuthi Private Limited (“CleanMax”), representing 26% of the total paid-up
equity share capital of CleanMax, from Welspun Corp Limited (“WCL”), a promoter
group company, for a consideration of Rs. 760 lakhs (Rupees Seven Hundred and Sixty
Lakhs only). The transaction was proposed to be completed by August 31, 2026.
CleanMax is primarily engaged in the generation and supply of solar and renewable
energy under a captive model.
Considering the current demand, supply and availability of power at the relevant
location, WLL and WCL have mutually agreed not to proceed with the proposed
acquisition/sale of the aforesaid 26% equity stake in CleanMax.
Accordingly, the proposed acquisition by WLL will not be executed and the
transaction stands cancelled.
Kindly take the above mentioned on record.
Thanking you.
Yours faithfully,
For Welspun Living Limited
Shraddha Popat
Company Secretary
ACS – 54561