Welspun Living Limited has informed the Exchange about acquisition of stake in CleanMax Dhyuthi Private Limited

Welspun Living's board meeting on May 15, 2026 approved multiple items. Financially, Q4FY26 revenue was ₹2,451 crore with PAT of ₹104 crore, while FY26 revenue came in at ₹9,468 crore (down 11.5% YoY) and PAT at ₹204 crore (down 68% YoY), reflecting a challenging year due to US tariff disruptions and global demand headwinds. However, net debt was cut by over 50% to ₹775 crore. The Board approved a share buyback of up to 1.44 crore equity shares at ₹175 per share (total ₹252 crore), representing 1.5% of paid-up capital. A dividend of ₹0.10 per share (10%) was recommended. The company approved acquisition of 26% stake in CleanMax Dhyuthi Private Limited (CDPL) for ₹760 lakhs from Welspun Corp Limited (promoter group entity), intended to set up a captive renewable energy unit for the Vapi factory in Gujarat. Management changes include resignation of Whole-time Director & COO Mr. Altaf Jiwani (effective May 31, 2026) and appointment of Mr. Keyur Parekh as Whole-time Director (effective June 1, 2026), who is the CEO of Global Business.