Welspun Enterprises Limited — Board Meeting, 27-03-2025: Outcome of Board Meeting

The Board of Directors has approved the sale of its entire stake in non-operative wholly owned subsidiaries, Kim Mandvi Corridor Private Limited and Buildtech Projects & Infra Private Limited, to Sherry Exports Private Limited. The sale is expected to be completed by March 31, 2025. The consideration for the sale is approximately ₹0.036 crore for Kim Mandvi and ₹0.0093 crore for Buildtech. Both subsidiaries reported minimal revenue and negative net worth for the last financial year, indicating limited impact on the overall financials of Welspun Enterprises.