Board Meeting15 May 2026, 02:25 pm
Welspun Living: ₹0.10 Dividend, ₹252 Cr Buyback Approved
AI Summary
Welspun Living Ltd's board approved the audited financial results for the year ended March 31, 2026, recommended a dividend of Re. 0.10 per equity share, and approved a buyback of 1,44,00,000 equity shares at ₹175 per share, totaling ₹252 Crore. The buyback represents 6.52% of the total paid-up equity share capital. The record date for the buyback is set for May 22, 2026. The board also noted the resignation of Mr. Altaf Jiwani and approved the appointment of Mr. Keyur Parekh as Whole-time Director.
Key Highlights
- Welspun Living approved a buyback of 1,44,00,000 shares at ₹175 per share, totaling ₹252 Crore.
- A dividend of Re. 0.10 per equity share was recommended for FY26, subject to shareholder approval.
- May 22, 2026, is the record date for determining shareholder eligibility for the buyback.
- Mr. Altaf Jiwani resigned, and Mr. Keyur Parekh was appointed as Whole-time Director.
- Audited financial results for the year ended March 31, 2026, were approved.