Welspun Enterprises Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025
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Awaiting price reaction for this filing.
Welspun Enterprises held its 31st AGM on August 29, 2025, via video conferencing from 4:30 PM to 5:50 PM, with 60 members attending (4 from promoter group, 56 from public). Mr. Sandeep Garg, Managing Director, chaired the meeting in the absence of Chairman Mr. Balkrishan Goenka. Key ordinary resolutions included adoption of FY25 financial statements, declaration of a final dividend of Rs. 3 per equity share (30% on face value of Rs. 10), re-appointment of Mr. Rajesh Mandawewala, and appointment of M/s. Suresh Surana & Associates LLP as Statutory Auditor for 5 years. Special business included enabling approvals for raising up to Rs. 1,000 Crore through private placement and/or QIP, approval of a material related party transaction with a subsidiary, re-appointment of Mr. Goenka and Mr. Garg for 1 year each with remuneration, and appointment of Mr. Deepak Chauhan as Director – Legal & Ethics for 5 years. Voting results are to be announced by September 2, 2025.
Shareholders get a Rs. 3 dividend per share, and the fund-raising approval of up to Rs. 1,000 Crore signals potential equity dilution or capital raise ahead, which could weigh on the stock depending on the mode and pricing. The material RPT with a subsidiary is a key watch item for minority shareholders.