Welspun Enterprises Limited has informed the Exchange regarding Appointment of Mr Sandeep Garg as Managing Director of the company w.e.f. Jun 01, 2026.
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Welspun Enterprises reported FY26 audited consolidated revenue of Rs 3,615 Cr with EBITDA of Rs 845 Cr (up 16% YoY) and PAT of Rs 393 Cr (up 11% YoY). The Board recommended a final dividend of Rs 3 per share for FY26. Mr. Balkrishan Goenka has been re-designated from Executive Chairman to Non-Executive Chairman effective June 1, 2026. Mr. Sandeep Garg has been re-appointed as Managing Director for 3 years (June 1, 2026 to May 31, 2029). The company seeks shareholder approval to raise up to Rs 1,000 Cr via securities issuance. The company has a strong order book of ~Rs 20,000 Cr including the Pune-Shirur Road project valued at Rs 7,300 Cr.
Positive signals: Strong financial performance with margin expansion, leadership continuity with Sandeep Garg's re-appointment, and proposed fund raise enables growth execution. The transition of Goenka to Non-Executive Chairman reflects governance evolution while maintaining strategic oversight.