Welspun Corp Limited — Board Meeting, 10-04-2025: Outcome of Board Meeting

The Board of Welspun Corp Limited has approved the sale of an additional 10% equity stake in Nauyaan Shipyard Private Limited to Nauyaan Tradings Private Limited for a consideration of ₹51.72 crores, with the company also set to receive ₹2.91 crores as repayment of dues from NSPL. Following this transaction, Welspun will retain a 16% equity stake in NSPL. This strategic divestment is part of the company's ongoing efforts to optimize its investments and enhance operational efficiency.