Welspun Living Limited — Important, 03-12-2024: Sale or disposal

The Board of Directors has approved the sale of 100% equity shares of Welspun Home Solutions Limited to Welspun Advanced Materials (India) Limited, both wholly owned subsidiaries of the Company. Post-sale, Welspun Home Solutions will transform into a step-down wholly owned subsidiary. This strategic move, expected to complete by December 15, 2024, involves a consideration of ₹9.40 Crore and aims to simplify the holding structure of the Company's manufacturing entities. As Welspun Home Solutions has not yet commenced operations, the implications for turnover or net worth contributions are currently negligible. This transaction, classified as a related party transaction, will be executed at arm's length, maintaining compliance with internal governance standards.