Welspun Specialty Solutions Ltd — Updates, 22-07-2025: Company Update

Welspun Specialty Solutions Limited confirms no deviation in the utilization of funds raised through its recent Rights Issue. The company successfully raised Rs. 349.85 Crores. For the quarter ended June 30, 2025, all proceeds have been used exactly as outlined. This includes Rs. 284.00 Cr for debt repayment, Rs. 63.56 Cr for General Corporate Purposes, and Rs. 2.29 Cr for issue-related expenses. The Audit Committee and auditors reviewed this statement with no comments. This ensures shareholder funds are deployed strictly for stated objectives, reinforcing transparency and investor confidence.