Welspun Living Ltd Approves Acquisition of Stake in Welspun Corporate Services Ltd and Changes in Management

Welspun Living Ltd announced changes in its management and the acquisition of a 35% stake in Welspun Corporate Services Ltd (formerly Welspun Home Textiles Ltd) for Rs. 35,000. The acquisition aims to establish a centralized corporate services platform for Welspun Group entities, providing integrated management and support services. The company also announced the resignation of Mr. Rajesh Jain as Chief Human Resources Officer and the appointment of Ms. Sonia Sharma as Vice President - Human Resource. The increase in capital expenditure 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 has also been approved.