Welspun Enterprises: No Deviation in Warrant Proceeds Utilization for Q1 FY27

Welspun Enterprises Ltd has confirmed no deviation or variation in the utilization of proceeds from convertible warrants issued via preferential allotment during the quarter ended June 30, 2026. The company raised ₹1,000 Crore in October 2025. As of June 30, 2026, ₹250 Crore was received as an upfront amount, which remains unutilized. The remaining ₹750 Crore is expected upon warrant conversion within 18 months. Funds were earmarked for a highway project in Maharashtra (₹750 Crore) and general corporate purposes (₹250 Crore). The statement was reviewed by the Audit Committee and Board of Directors.