Board Meeting15 May 2026, 02:18 pm
Welspun Living Recommends ₹0.10 Dividend, Approves Buyback
AI Summary
Welspun Living Ltd's board approved the audited financial results for the year ended March 31, 2026, and recommended a dividend of ₹0.10 per equity share (10%) subject to shareholder approval. The company also approved a buyback of 1,44,00,000 equity shares at ₹175 per share, totaling ₹252 Crore, representing 6.52% of paid-up equity share capital. The buyback record date is set for May 22, 2026, with DAM Capital Advisors Limited acting as the Manager to the Buyback.
Key Highlights
- Welspun Living recommends a dividend of ₹0.10 per share for FY26, pending shareholder approval.
- Board approves buyback of 1,44,00,000 shares at ₹175 each, totaling ₹252 Crore.
- Buyback represents 6.52% of the total paid-up equity share capital.
- May 22, 2026, is fixed as the record date for the buyback.
- DAM Capital Advisors Limited appointed as Manager to the Buyback.