Announcement under Regulation 30 (LODR) for the Re- Appointment of Cost & Tax Auditors for the FY 2026-27
WELENT · price
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Welspun Enterprises' Board meeting on May 14, 2026 approved multiple items including audited FY26 consolidated results (Revenue: Rs. 3,615 Cr, PAT: Rs. 393 Cr with 11% growth). The Board recommended a final dividend of Rs. 3 per share (record date July 3, 2026). Key leadership changes include re-designation of Mr. Balkrishan Goenka from Executive to Non-Executive Chairman effective June 1, 2026, and re-appointment of Mr. Sandeep Garg as Managing Director for 3 years. The company also sought approval to raise up to Rs. 1,000 Crore through securities issuance. Cost Auditors M/s. Kiran J. Mehta & Co. and Tax Auditors M/s. Sureka & Associates were re-appointed for FY26-27. The consolidated order book stands at ~Rs. 20,000 Crore including O&M.
Strong financial performance with 16% EBITDA growth and margin expansion to 22.8% reflects operational resilience. Re-appointment of key management ensures continuity, while the Rs. 1,000 Crore fund-raising enablement supports future growth plans. The change in chairman role from executive to non-executive suggests a strategic governance transition.