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Welspun Living Ltd

You are Here : Home > Markets > CompanyInformation > Board Meeting
BSE Code : 514162 | NSE Symbol : WELSPUNLIV | ISIN : INE192B01031 | Industry : Textiles |


Board Meeting
Announcement Date Date Of Meeting Purpose Detail
18-Jul-2024 24-Jul-2024 Quarterly Results Welspun Living Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2024 inter alia to consider and approve unaudited financial results for the quarter ended on June 30 2024. Welspun Living Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2024 ,inter alia, to consider and approve Pursuant to Regulations 29(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that in addition to consideration of unaudited financial results for the quarter ended June 30, 2024, the Board of Directors will, inter alia, consider agenda for Buyback of Equity Shares of the Company at its meeting scheduled to be held on Wednesday, July 24, 2024. (As per BSE Announcement Dated on 19/07/2024) Outcome of the meeting of the Board of Directors of Welspun Living Limited (the Company) held on July 24, 2024. A) Un-audited Financial statements for the quarter ended June 30, 2024. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Please find enclosed the unaudited financial results of the Company, on consolidated as well as standalone basis, for the quarter ended June 30, 2024, as reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held today i.e. July 24, 2024. Further, the Limited Review Reports of the Auditors of the Company on the unaudited financial results of the Company (both on consolidated and standalone basis) and the press communication, which is being released simultaneously to the media, are also attached. B) Investment in a Special Purpose Vehicle (SPV) for Odisha Project of the Company. The Board at its meeting held on January 31, 2024, had approved exploring opportunities in different states within India. The Board had decided to provide funds upto Rs. 30 Crore in a special purpose vehicle formed for the purpose of exploration of opportunities. In this regards, the Board of Directors in their meeting held today has approved the proposal of acquisition of Welspun Home Textiles Limited' ('WHTL'), a newly formed Company having a nominal capital of Rs. 1 Lakh, for participation in new projects being explored. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is given in Annexure A to this letter. C) Approval of Buy-Back 1. In continuance to our intimation dated July 18, 2024 and July 19, 2024, it hereby informed that the Board of Directors of the Company at its meeting held on July 24, 2024, has approved buyback proposal for purchase of 1,26,55,970 (One Crore Twenty Six Lakhs Fifty Five Thousand Nine Hundred and Seventy) fully paid equity shares of Re. 1 each ('Equity Share') by the Company at a price of Rs. 220/- (Rupees Two Hundred and Twenty only) per Equity Share payable in cash ('Buyback Price'), for an aggregate amount of not exceeding Rs. 278.44 Crore (Rupees Two Hundred Seventy Eight Crore and Forty Four Lakh Only) ('Buyback Size') (excluding expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India, advisor's fees, public announcement publication expenses, printing, dispatch expenses, transaction costs viz. brokerage, applicable taxes such as buyback taxes, securities transaction tax, goods and service tax, stamp duty, etc.), representing 7.87% and 6.67% of the total paid-up equity share capital and free reserves (including securities premium) as per the latest audited standalone and consolidated financial statements of the Company as on March 31, 2024 (hereinafter referred to as the 'Buyback') from the shareholders of the Company on a proportionate basis through the tender offer route in accordance and consonance with the provisions contained in the Companies Act, 2013 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 ('Buyback Regulations') (including any statutory modification(s) or re-enactment of the Companies Act, 2013 or Buyback Regulation). The public announcement setting out the process, timelines and other statutory details will be released in due course in accordance with the Buyback Regulations. The Board has formed a Buyback Committee (the 'Buyback Committee') and has delegated its powers to the Buyback Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the Buyback. The pre-Buyback shareholding pattern of the Company as on July 19, 2024 is attached hereto as Annexure B. 2. Record Date for Buyback: Pursuant to Regulation 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is further notified that the Company has fixed August 05, 2024 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of Equity Shares. 3. DAM Capital Advisors Limited, a SEBI Registered Merchant Banker, has been appointed as the Manager to the Buyback. With reference to our letter dated June 27, 2024 please note the trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 shall re-open from Saturday, July 27, 2024. The above matters have been approved by the Board of Directors of the Company at its meeting held on July 24, 2024 commenced at 11:00 a.m. and the above agendas were approved at 1:30 p.m. Please take the same on your record. (As Per BSE Bulletin Dated on 24.07.2024) Please take note that the Board of Directors of the Company at its meeting held on July 24, 2024 has considered and approved the business as attached. Please find attached unaudited standalone & Consolidated Financial Results for the quarter ended June 30, 2024 The Board of Directors have approved Buyback of equity shares at its meeting held on July 24, 2024. Intimation of Buyback was submitted by the Company on July 24, 2024 as Outcome of Board Meeting. Please find enclosed herewith Board Resolution passed by the Board of Directors pursuant to Regulation 5(vii) of the SEBI (Buy-back of Securities), Regulations 2018. (As per BSE Announcement Dated on 24/07/2024)
01-Jul-2024 01-Jul-2024 Investments Please refer attached Outcome of the meeting of the Board of Directors of Welspun Living Limited (the Company) held today, July 01, 2024 wherein the Board of Directors approved Investment in a Special Purpose Vehicle (SPV) for supply of 18 MWp Ground Mounted Solar Power.
19-Apr-2024 25-Apr-2024 Accounts Welspun Living Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/04/2024 inter alia to consider and approve the audited financial results of the Company for the quarter and year ended March 31 2024. Welspun Living Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/04/2024 ,inter alia, to consider and approve With reference to our letter no. WLL/SEC/2024 dated April 19, 2024 giving notice of Board Meeting under Regulations 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Board of Directors of the Company at its meeting scheduled to be held on Thursday, April 25, 2024, will consider, inter alia, recommendation of dividend on equity shares for financial year 2023-24 (As per BSE Announcement Dated on 22/04/2024) Outcome of the meeting of the Board of Directors of Welspun Living Limited (the Company) held on April 25, 2024. Audit Financial Statements for the quarter and year ended March 31, 2024. The Board in its meeting held today i.e April 25, 2024 has recommended the dividend. Intimation for the same is attached herewith. The Board at its meeting held today i.e April 25, 2024 has approved appointment of Ms. Naiyya Saggi as Indepedent Director of the Company. Intimation for the same is attached herewith. (As Per BSE Announcement dated on 25.04.2024)
24-Jan-2024 31-Jan-2024 Quarterly Results Welspun Living Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/01/2024 inter alia to consider and approve unaudited financial results for the quarter ended December 31 2023 Please find attached unaudited financial results for the quarter ended December 31, 2023. Outcome of the meeting of the Board of Directors of Welspun Living Limited (the Company) held on January 31, 2024. The Board of Directors at its meeting held on January 31, 2024 has approved appointment of Mr. Sunil Duggal as Independent Director of the Company. Please take the attached disclosure for the same on record. (As Per BSE Announcement Dated on 31/01/2024)
18-Oct-2023 25-Oct-2023 Quarterly Results WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/10/2023 inter alia to consider and approve the unaudited financial results for the quarter ended on September 30 2023 Please find attached unaudited financial results for the Quarter ended September 30, 2023. Please take note that the Board of Directors of the Company at its meeting held on October 25, 2023 has considered and approved the businesses, details of which are attached herewith. Please find attached herewith disclosure with respect to Investment in a Special Purpose Vehicle (SPV) for supply of 47 MW Renewable Energy Round-The-Clock (RE-RTC) (As per BSE Announcement Dated on 25/10/2023)
25-Jul-2023 31-Jul-2023 Quarterly Results WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2023 inter alia to consider and approve the unaudited financial results for the quarter ended on June 30 2023. Please find attached herewith details with respect to scheme of Amalgamation as approved by Board of Directors at its meeting held today. i.e July 31, 2023. Please find enclosed the unaudited financial results of the Company, on consolidated as well as standalone basis, for the quarter ended June 30, 2023, as reviewed by Audit Committee and approved by the Board of Directors of the Company at their respective meetings held today i.e July 31, 2023. Please take note that the Board of Directors of the Company at its meeting held on July 31, 2023 has considered and approved the businesses, details of which are attached herewith. (As Per BSE Announcement Dated on 31.07.2023)
21-Apr-2023 27-Apr-2023 Quarterly Results WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/04/2023 inter alia to consider and approve the audited financial results for the quarter and year ended on March 31 2023. Final Dividend & Buy Back of Shares & Audited Results (As per BSE Bulletin dated on 24/04/2023) (A) Audited Financial statements for the year ended March 31, 2023. (B) Recommendation of Dividend. (C) Approval of Buy-Back (As Per BSE Announcement Dated on 27.04.2023) Board approved:- 1. In continuance to our intimation dated April 24, 2023, it hereby informed that the Board of Directors of the Company at its meeting held on April 27, 2023, has approved buyback proposal for purchase of 16,250,000 (One Crore Sixty Two Lakhs Fifty Thousand) fully paid equity shares of Re. 1 each ('Equity Share') by the Company at a price of Rs.120/- (Rupees One Hundred and Twenty only) per Equity Share payable in cash ('Buyback Price'), for an aggregate amount of Rs. 195 Crore (Rupees One Hundred and Ninety Five Crore Only) ('Buyback Size') (excluding expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India, advisor's fees, public announcement publication expenses, printing, dispatch expenses, transaction costs viz. brokerage, applicable taxes such as buyback taxes, securities transaction tax, goods and service tax, stamp duty, etc.), representing 5.85% and 5.19% of the total paid-up equity share capital and free reserves (including securities premium) as per the latest audited standalone and consolidated financial statements of the Company as on March 31, 2023 (hereinafter referred to as the 'Buyback') from the shareholders of the Company on a proportionate basis through the tender offer route in accordance and consonance with the provisions contained in the Companies Act, 2013 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 ('Buyback Regulations') (including any statutory modification(s) or re-enactment of the Companies Act, 2013 or Buyback Regulation). The public announcement setting out the process, timelines and other statutory details will be released in due course in accordance with the Buyback Regulation. The Board has formed a Buyback Committee (the 'Buyback Committee') and has delegated its powers to the Buyback Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the Buyback 2. Record Date for Buyback: Pursuant to Regulation 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is further notified that the Company has fixed May 10, 2023 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of Equity Shares. 3. DAM Capital Advisors Limited, a SEBI Registered Merchant Banker, has been appointed as the Manager to the Buyback. Inter alia, have recommended Dividend of Re. 0.10 per equity share of the face value of Re.1 each at the rate of 10% on the equity shares for the financial year 2022-23. The Dividend will be paid to the shareholders who are holding equity shares of the Company on the last day of book closure which will be June 30, 2023. (As Per BSE Bulletin Dated on 27.04.2023) (A) Audited Financial statements for the year ended March 31, 2023. (B) Recommendation of Dividend. (C) Approval of Buy-Back (A) Audited Financial statements for the year ended March 31, 2023. (B) Recommendation of Dividend. (C) Approval of Buy-Back. (As per BSE Announcement Dated on 27/04/2023)
24-Jan-2023 30-Jan-2023 Quarterly Results WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/01/2023 inter alia to consider and approve the unaudited financial results for the quarter ended on December 31 2022. Please find enclosed the unaudited financial results of the Company, on consolidated as well as standalone basis, for the quarter ended December 31, 2022, as reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held today i.e January 30, 2023 which concluded at 02.40 p.m. Further, the Limited Review Reports of the Auditors of the Company on the unaudited financial results of the Company (both on consolidated and standalone basis) and the press communication, which is being released simultaneously to the media, are also attached. With reference to our letter dated December 30, 2022 please note the trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 shall re-open from Thursday, February 02, 2023. Please take the same on your record. Disclosure of information pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (As per BSE Announcement Dated on 30/01/2023)
02-Nov-2022 08-Nov-2022 Quarterly Results WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/11/2022 inter alia to consider and approve NOTICE IS HEREBY GIVEN that a meeting of the Board of Directors of the Company will be held on Tuesday November 08 2022 inter alia to consider and take on record the unaudited financial results for the quarter ended on September 30 2022. In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company in its board meeting held today appointed Mr. Altaf Jiwani, Chief Operating Officer of the Company, having director identification number 05166241, as a wholetime director (a Key Management Personnel) with effect from April 1, 2023. (As Per BSE Announcement Dated on 08.11.2022) In continuation to our letter as cited in reference above, please note that the Board Meeting of the Company held on November 08, 2022 was concluded at 01.40 p.m. (IST). (As Per BSE Announcement Dated on 09/11/2022)
21-Jul-2022 27-Jul-2022 Quarterly Results Quarterly Results Please find enclosed the unaudited financial results of the Company, on consolidated as well as standalone basis, for the quarter ended June 30, 2022, as reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held today i.e. July 27, 2022. Further, the Limited Review Reports of the Auditors of the Company on the unaudited financial results of the Company (both on consolidated and standalone basis) and the press communication, which is being released simultaneously to the media, are also attached. With reference to our letter dated June 30, 2022 please note the trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 shall re-open from Saturday, July 30, 2022. Please take the same on your record. (As Per BSE Announcement Dated on 27.07.2022)
27-Jun-2022 27-Jun-2022 Change in Directors Disclosure of information pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
04-May-2022 10-May-2022 Accounts WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/05/2022 inter alia to consider and approve the audited financial results for the quarter and year ended on March 31 2022. With reference to the earlier letter dated May 04, 2022 regarding notice of Board Meeting, Welspun India Ltd has now informed BSE that the Board of Directors of the Company at its meeting scheduled to be held on May 10, 2022, inter alia, will consider, recommendation of dividend on equity shares for financial year 2021-22. (As Per BSE Announcement dated on 06.05.2022) Welspun India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2022, inter alia, have recommended Dividend of Re. 0.15 per equity share of the face value of Re.1 each at the rate of 15% on the equity shares for the financial year 2021-22. (A) Audited Financial statements for the year ended March 31, 2022, (B) Recommendation of Dividend, Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is further notified that the Company has fixed June 28, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for declaration of dividend. Book Closure: Monday, June 27, 2022 to Tuesday, June 28, 2022 (both days inclusive) Purpose: For the purpose of determining the shareholders eligible for dividend, if any, declared by the shareholders of the Company at the Annual General Meeting and for the purpose of Annual General Meeting. (As Per BSE Announcement Dated on 10.05.2022) The Board of Directors of the Company at its meeting held on May 10, 2022 has approved, inter alia, the following businesses: (As Per BSE Announcement dated on 11.05.2022)
20-Feb-2022 23-Feb-2022 Issue of Debentures WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/02/2022 inter alia to consider and approve Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 kindly note that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday February 23 2022 inter alia to consider the issuance of Debentures Commercial Papers or any other form of borrowing upto Rs. 500 crore and consider approaching shareholders accordingly as may be required.Request you to please take the same on records.Kindly note that the Board of Directors at its meeting held today, February 23, 2022, have approved raising of funds, by way of private placement, up to Rs. 500 Crore, inter alia, by issuing non-convertible debentures (NCDs) or Commercial Papers, subject to approval of the shareholders under Sections 42 and 71 of the Companies Act, 2013. Request you to please take the same on records. (As Per BSE Announcement dated on 23.02.2022)
28-Jan-2022 03-Feb-2022 Quarterly Results WELSPUN INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2022 inter alia to consider and approve unaudited financial results for the quarter ended on December 31 2021.
19-Oct-2021 27-Oct-2021 Quarterly Results Quarterly Results Please find enclosed the unaudited financial results of the Company, on consolidated as well as standalone basis, for the quarter ended September 30, 2021 for the financial year 2021-22, as reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held today i.e. October 27, 2021. Further, the Limited Review Reports of the Auditors of the Company on the unaudited financial results of the Company (both on consolidated and standalone basis) and the text of the press communication, which is being released simultaneously to the media, are also attached. With reference to our letter dated September 30, 2021 please note the trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 shall re-open from Saturday, October 30, 2021. Please take the same on your record. (As Per BSE announcement Dated on 27.10.2021)
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