Welspun Living Limited has informed the Exchange regarding Change in Director(s) of the company.
WELSPUNLIV · price
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Welspun Living's Board meeting on May 15, 2026 approved multiple items including Q4FY26 financial results (Revenue Rs. 2,451 cr, up 7.7% sequentially; EBITDA margin 10.8%), a share buyback of up to 1.44 crore shares at Rs. 175 per share for Rs. 252 crore, dividend recommendation of Rs. 0.10 per share (10%), and acquisition of 26% stake in CleanMax Dhyuthi Private Limited for Rs. 760 lakhs. Key management change: Mr. Altaf Jiwani resigned as Whole-time Director & COO effective May 31, 2026, succeeded by Mr. Keyur Parekh (currently CEO of Global Business, with 17+ years at Welspun) as Whole-time Director effective June 1, 2026. Net debt reduced 52% YoY to Rs. 775 crore.
The buyback signals management confidence, the internal CEO promotion suggests continuity, and the debt reduction strengthens the balance sheet. The resignation of the COO creates a short transition period but the internal successor minimizes disruption risk.