Quarterly Result14 May 2026, 07:21 pm
Welspun Enterprises Approves FY26 Results, ₹3 Dividend
AI Summary
Welspun Enterprises Ltd's Board approved audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹3 per equity share, subject to shareholder approval. They also approved the re-designation of Mr. Balkrishan Goenka as Non-Executive Chairman and the re-appointment of Mr. Sandeep Garg as Managing Director, both effective June 1, 2026, subject to shareholder approval. Additionally, the board recommended seeking shareholder approval to raise funds up to ₹1,000 Crore through private placement and other permissible modes.
Key Highlights
- Audited financial results for FY26 approved with unmodified auditor's opinion.
- Final dividend of ₹3 per share recommended, record date fixed as July 3, 2026.
- Balkrishan Goenka re-designated as Non-Executive Chairman effective June 1, 2026.
- Sandeep Garg re-appointed as Managing Director for 3 years from June 1, 2026.
- Approval sought to raise up to ₹1,000 Crore via private placement and other means.