Welspun Living Ltd. Acquires Stake in Welspun Corporate Services Ltd., Announces Management Changes, and Increases Capital Expenditure

Welspun Living Ltd. has announced the outcome of its Board meeting held on March 19, 2026. The company has approved the acquisition of a 35% stake in Welspun Corporate Services Ltd. (formerly Welspun Home Textiles Limited) for a consideration of Rs. 35,000. This acquisition aims to establish a centralized corporate services platform for Welspun Group entities. The Board also noted the resignation of Mr. Rajesh Jain as Chief Human Resources Officer and approved the appointment of Ms. Sonia Sharma as Vice President - Human Resource. Additionally, the company has increased its capital expenditure from Rs. 75 Crore to Rs. 159.38 Crore for the CTU connectivity, land acquisition, bay at sub-station, erection of transmission line, inner connectivity ring changes etc. for transmission of RE power to Anjar facility.