Welspun Enterprises Limited has informed the Exchange that Board of Directors at its meeting held on May 14, 2026, approved & recommended Final Dividend of Rs. 3 per equity share.
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Welspun Enterprises' Board approved FY26 final dividend of Rs. 3 per share (10% face value), subject to shareholder approval at the 32nd AGM with record date July 3, 2026. The company reported FY26 consolidated revenue of Rs. 3,615 Cr (-2% YoY) but EBITDA grew 16% to Rs. 845 Cr with margins expanding 350 bps to 22.8%. PAT increased 11% to Rs. 393 Cr. The company strengthened its order book to ~Rs. 20,000 Cr with a new Rs. 7,300 Cr road project. Leadership changes include Mr. Balkrishan Goenka transitioning to Non-Executive Chairman and Mr. Sandeep Garg reappointed as MD for 3 years. The Board also approved enabling resolutions for raising up to Rs. 1,000 Cr via private placement or QIP. Cash position remains robust at ~Rs. 1,728 Cr with net cash position on standalone basis.
The dividend declaration and strong EBITDA growth with margin expansion signals operational strength. The order book growth to Rs. 20,000 Cr provides revenue visibility. However, the enabling resolution for Rs. 1,000 Cr fund raise could lead to equity dilution depending on market conditions and final terms.