Please find attached herewith copy of Board Resolution passed by the Board of Directors of the Company for Buyback of Equity Shares.
WELSPUNLIV · price
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Welspun Living Ltd's Board of Directors has approved a buyback of up to 1.44 crore equity shares at Rs. 175 per share for a maximum amount of Rs. 252 crore. The buyback represents 6.52% of paid-up equity capital and free reserves on a standalone basis and is within the regulatory 10% limit. The record date for determining shareholder eligibility is May 22, 2026. The buyback will be conducted via the Tender Offer route through stock exchanges, with 15% of shares reserved for small shareholders. DAM Capital Advisors has been appointed as the merchant banker and Link Intime India as the registrar. Promoters and promoter group members are prohibited from dealing in shares from the board resolution date until the buyback closes.
The buyback at Rs. 175 per share offers shareholders a chance to exit at a premium to market price, providing immediate liquidity. This signals management confidence in the company's financial health and is expected to support the stock price in the near term.