Welspun Enterprises MD, chairman, board of directors and AGM
NSE: WELENTBSE: 532553ConstructionSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹666.90.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹8,775 Cr685th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 4 Aug 2026
- 28.7
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹84 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 22.5
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 May 2026
- 2.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.47%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 4 Aug 2026
- 10.9%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹84 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 13.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 4 Aug 2026
- 12.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 14 May 2026
- 0.60
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,55,61338.6% delivered
Welspun Enterprises board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonBalkrishan Gopiram GoenkaRelated to the promoter
- Managing directorSandeep Garg
- Company Secretary and Compliance OfficerNidhi Tanna
8 directors4 independent2 executive2 non-executive
- Balkrishan Gopiram Goenka · ChairpersonNon-executive · joined Apr 2010 · reappointed Jun 2026 · 4 listed boards
- Sandeep Garg · Managing directorExecutive · joined Aug 2022 · reappointed Jun 2026 · 1 listed board
- Rajesh MandawewalaNon-executive · joined Jul 2012 · reappointed Aug 2022 · 4 listed boards · 1 committee seat
- Deepak Chandraban Singh ChauhanExecutive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board
- Aruna SharmaIndependent · joined Jan 2019 · reappointed Jan 2024 · 89 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
- Subramanian MadhavanIndependent · joined Apr 2024 · reappointed Apr 2024 · 26 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 4 as chair
- Anoop Kumar MittalIndependent · joined Jun 2021 · reappointed Jun 2025 · 60 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 2 as chair
- Raghav ChandraIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 6 listed boards · 6 as independent · 7 committee seats, 2 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 May 20267 of 8 present4 independent · 55 days in between
- 19 Mar 20266 of 8 present4 independent · 42 days in between
- 4 Feb 20268 of 8 present4 independent
Audit Committee
Chair Subramanian Madhavan
Aruna Sharma, Raghav Chandra
- 14 May 20263 of 3 present3 independent · 8 days in between
- 5 May 20263 of 3 present3 independent · 46 days in between
- 19 Mar 20263 of 3 present3 independent · 1 day in between
- 17 Mar 20263 of 3 present3 independent · 40 days in between
2 earlier meetings
- 4 Feb 20263 of 3 present3 independent · 6 days in between
- 28 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Subramanian Madhavan
Raghav Chandra, Anoop Kumar Mittal
- 13 May 20263 of 3 present3 independent · 52 days in between
- 21 Mar 20263 of 3 present3 independent · 46 days in between
- 2 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Aruna Sharma
Anoop Kumar Mittal, Raghav Chandra
- 27 Jan 20263 of 3 present3 independent
Risk Management Committee
Chair Raghav Chandra
Anoop Kumar Mittal, Subramanian Madhavan, Sandeep Garg, Deepak Chauhan
- 5 May 20264 of 5 present3 independent · 96 days in between
- 28 Jan 20265 of 5 present3 independent · no day in between
Corporate Social Responsibility Committee
Chair Aruna Sharma
Subramanian Madhavan, Anoop Kumar Mittal
- 4 May 20263 of 3 present3 independent · 96 days in between
- 27 Jan 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Suresh Surana & Associates LLPPeer-review certificate valid to Mar 2028
1 earlier auditor
- MGB & CO LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Welspun Enterprises AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Welspun Enterprises dividend history
Annual general meeting, 20 Aug 2026
50,558 shareholders on the register on 14 Aug 2026; present: 5 promoters and 45 others; votes counted by Mihen Halani / MIHEN HALANI AND ASSOCIATES.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited financial statements, on consolidated and standalone basis, for the FY ended March 31, 2026, and the reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary99.88% for0.12% againstAgainst: promoters 0.00% · institutions 1.23% · other public 0.01%
Turnout: all 78.28% · promoters 100.00% · institutions 79.70% · other public 42.01%
- To declare a final dividend of ₹3/- (Rupees Three Only) per equity shares of face value of ₹10/- (Rupees Ten Only) each at the rate of 30% on the equity shares for the FY 2025-26Ordinary99.88% for0.12% against
Against: promoters 0.00% · institutions 1.22% · other public 0.01%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary99.72% for0.28% against
Against: promoters 0.00% · institutions 2.79% · other public 0.00%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Ratification of remuneration payable to the Statutory Auditors of the Company for the FY 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Ratification of remuneration payable to the Cost Auditors of the Company for the FY 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Ratification of remuneration payable to the Secretarial Auditors of the Company for the FY 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Approval for Private Placement of securities upto ₹1,000 CroreSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Approval for issuance of securities of the Company, in one or more tranches, through Private Placement/ Preferential Allotment/ QIP and/or other permissible modesSpecial99.78% for0.22% against
Against: promoters 0.00% · institutions 2.21% · other public 0.01%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Approval for material related party transactionsOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: institutions 0.00% · other public 0.00%
Turnout: all 45.71% · institutions 59.51% · other public 41.71%
- Re-designation and Re-appointment of Mr. Balkrishan Goenka (DIN: 00270175) as Non-Executive Director, designated as Chairman, and approval of remuneration payableSpecialPromoters have an interest in it97.07% for2.93% against
Against: promoters 0.00% · institutions 29.05% · other public 0.01%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Approval for re-appointment of Mr. Sandeep Garg (DIN: 00036419) as the Managing Director, and remuneration payableSpecial98.16% for1.84% against
Against: promoters 0.00% · institutions 17.85% · other public 0.00%
Turnout: all 76.43% · promoters 100.00% · institutions 80.01% · other public 36.48%
- Approval for grant of Employee Stock Options to Mr. Deepak Chauhan (DIN: 01694550), Director – Legal & EthicsOrdinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.70% · other public 0.00%
Turnout: all 78.21% · promoters 100.00% · institutions 80.01% · other public 41.71%
- Approval for revision in remuneration of the Independent DirectorsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
- Approval for payment of additional remuneration to the Independent Directors for the FY 2025-26Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 78.31% · promoters 100.00% · institutions 80.01% · other public 42.01%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 7 Nov 2025, 1 resolution
56,138 shareholders on the register on 31 Oct 2025; present: 4 promoters and 36 others; votes counted by Mihen Halani / MIHEN HALANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASISSpecialPromoters have an interest in it99.73% for0.27% against
Against: promoters 0.00% · institutions 2.39% · other public 0.04%
Turnout: all 66.07% · promoters 100.00% · institutions 68.79% · other public 9.28%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Aug 2025, 13 resolutions
58,883 shareholders on the register on 22 Aug 2025; present: 4 promoters and 56 others; votes counted by Mihen Halani / MIHEN HALANI AND ASSOCIATES.The company's voting result (opens in a new tab)
- Adoption of the audited consolidated and standalone financial statements, for the financial year ended March 31, 2025 and the reports of the Board of Directors and the Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.61% · promoters 100.00% · institutions 76.31% · other public 35.36%
Declaration of final dividend of Rs. 3/- (Rupees Three Only) per equity shares of face value of Rs. 10/- (Rupees Ten Only) each at the rate of 30% on the equity shares for the financial year ended 2024-25MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Appointment of a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment.Ordinary99.57% for0.43% against
Against: promoters 0.00% · institutions 3.95% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Appointment of M/s. Suresh Surana & Associates LLP, Chartered Accountants, as the Statutory Auditor for a term of 5 (five) consecutive yearsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Approval for ratification of payment of remuneration to the Cost Auditors of the Company for the financial year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Appointment of M/s. Mihen Halani & Associates, Practicing Company Secretaries, as the Secretarial Auditor for a term of five consecutive years.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Enabling approval for Private Placement of Securities upto Rs. 1,000 CroreSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Enabling approval of issuance of securities of the Company, in one or more tranches, through Private Placement/Preferential Allotment/QIP and/or other permissible modesSpecial99.70% for0.30% against
Against: promoters 0.00% · institutions 2.79% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Approval of the material related party transaction with subsidiary companyOrdinaryPromoters have an interest in it99.20% for0.80% against
Against: promoters 0.00% · institutions 1.76% · other public 0.01%
Turnout: all 18.29% · promoters 0.00% · institutions 76.62% · other public 29.80%
- Approval for re-appointment of Mr. Balkrishan Goenka as the Whole-time Director, designated as Chairman “Executive” and remuneration payable to himSpecial96.72% for3.28% against
Against: promoters 0.00% · institutions 30.21% · other public 0.02%
Turnout: all 75.64% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Approval for re-appointment of Mr. Sandeep Garg as the Managing Director of the Company and remuneration payable to him.Special96.83% for3.17% against
Against: promoters 0.00% · institutions 28.45% · other public 0.03%
Turnout: all 73.77% · promoters 100.00% · institutions 76.62% · other public 29.80%
- Approval for payment of remuneration to the Executive DirectorsSpecial96.72% for3.28% against
Against: promoters 0.00% · institutions 30.21% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
- Approval for appointment of Mr. Deepak Chauhan as Director – Legal & EthicsSpecial99.63% for0.37% against
Against: promoters 0.00% · institutions 3.35% · other public 0.01%
Turnout: all 75.65% · promoters 100.00% · institutions 76.62% · other public 35.36%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 11 resolutions
Present: 5 promoters and 53 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited financial statements, on standalone and consolidated basis, for the financial year ended March 31, 2024 and the reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 71.51% · promoters 100.00% · institutions 72.21% · other public 27.86%
- To approve declaration of dividend on Equity Shares for the financial year 2023-24. (¿ 3.00 per equity share)Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointmentOrdinary99.68% for0.32% against
Against: promoters 0.00% · institutions 3.04% · other public 0.08%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To approve remuneration to the Statutory Auditors of the Company for the financial year 2024-25Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To approve ratification of payment of remuneration to the Cost Auditors of the Company for the financial year 2024-25Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To approve material related party transactions for EPC contracts entered into/to be entered between the Company and project SPVsOrdinaryPromoters have an interest in it77.79% for22.21% against
Against: promoters 0.00% · institutions 46.99% · other public 0.10%
Turnout: all 15.28% · promoters 0.00% · institutions 73.95% · other public 22.60%
- To approve Private Placement of Securities upto ¿ 1,000 CroreSpecial99.48% for0.52% against
Against: promoters 0.00% · institutions 5.06% · other public 0.08%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To approve re-appointment of Mr. Anoop Kumar Mittal as an Independent Director of the Company for a second consecutive term of four yearsSpecial99.62% for0.38% against
Against: promoters 0.00% · institutions 3.62% · other public 0.08%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To approve payment of remuneration to Independent DirectorsSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
- To approve revision in remuneration to the Managing DirectorSpecial95.00% for5.00% against
Against: promoters 0.00% · institutions 48.28% · other public 0.11%
Turnout: all 69.80% · promoters 100.00% · institutions 74.00% · other public 22.60%
- To approve issuance of securities of the Company, in one or more tranches, through Private Placement/Preferential Allotment/QIP and/or other permissible modesSpecial99.04% for0.96% against
Against: promoters 0.00% · institutions 9.42% · other public 0.08%
Turnout: all 71.68% · promoters 100.00% · institutions 74.00% · other public 27.85%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 29 Mar 2024, 2 resolutions
Present: 4 promoters and 37 others.The company's voting result (opens in a new tab)
- Appointment of Mr. Subramanian Madhavan (DIN: 06451889) as an Independent Director of the companySpecial99.29% for0.71% against
Against: promoters 0.00% · institutions 12.75% · other public 1.51%
Turnout: all 57.78% · promoters 100.00% · institutions 44.40% · other public 0.08%
- Payment of Remuneration to Mr. Mohan Tandon (DIN: 00026460) Independent Director of the CompanySpecial99.89% for0.11% against
Against: promoters 0.00% · institutions 1.85% · other public 5.23%
Turnout: all 57.78% · promoters 100.00% · institutions 44.40% · other public 0.08%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 22 Sep 2023, 11 resolutions
Present: 4 promoters and 53 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited financial statements, on standalone and consolidated basis, for the financial year ended March 31, 2023 and the reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.70% · promoters 100.00% · institutions 30.91% · other public 8.88%
- Declaration of dividend on Equity Shares for the Financial Year 2022-23 (Re. 1 per equity share)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- To appoint a director in place of Ms. Dipali Goenka (DIN: 00007199), who retires by rotation, and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it95.55% for4.45% against
Against: promoters 0.00% · institutions 81.44% · other public 1.36%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Tto approve remuneration to the Statutory Auditors of the Company for the financial year 2023-24.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval for ratification of payment of remuneration to the Cost Auditors of the Company for the financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval for re-appointment of Dr. Aruna Sharma as an Independent Director of the Company for a second consecutive term of five yearsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval for re-appointment of Mr. Raghav Chandra as an Independent Director of the Company for a second consecutive term of five years.Special99.65% for0.35% against
Against: promoters 0.00% · institutions 5.28% · other public 1.37%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval for compliance with RBI circular, enabling conversion of loan into equity in case of event of defaultSpecial98.31% for1.69% against
Against: promoters 0.00% · institutions 31.45% · other public 0.01%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval of Private Placement of Securities upto ₹ 1,000 Crore.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval of payment of remuneration to Independent DirectorsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 60.97% · promoters 100.00% · institutions 33.62% · other public 8.88%
- Approval of revision in remuneration to the Managing DirectorSpecial95.42% for4.58% against
Against: promoters 0.00% · institutions 81.25% · other public 3.36%
Turnout: all 59.08% · promoters 100.00% · institutions 33.62% · other public 3.62%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 24 Jan 2023, 1 resolution
Present: 5 promoters and 41 others.The company's voting result (opens in a new tab)
- Approval for Buyback of Equity SharesSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 57.20% · promoters 100.00% · institutions 11.26% · other public 6.70%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Aug 2022, 12 resolutions
Present: 5 promoters and 46 others.The company's voting result (opens in a new tab)
- Adoption of consolidated and standalone audited financial statements of the Company for the financial year ended March 31, 2022 together with Auditors’ Report and Directors’ Report thereon. nOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.10% · promoters 100.00% · institutions 15.85% · other public 1.29%
- Declaration of dividend @ Rs. 1.50 per share of the face value of Rs. 10neach (i.e. 15%) on 149,933,056 equity shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Re-appointment of Mr. Rajesh Mandawewala (DIN: 00007179) as a Director liable to retire by rotationOrdinaryPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 1.68% · other public 0.05%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Revision in remuneration of M/s. MGB & Co. LLP, CharterednAccountants, as Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Appointment of Mr. Sandeep Garg (DIN: 00036419) as Director of thenCompany.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Appointment of Mr. Sandeep Garg (holding DIN : 00036419) as thenManaging DirectorSpecial98.45% for1.55% against
Against: promoters 0.00% · institutions 99.30% · other public 0.00%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Approval for Private Placement of Securities up to Rs. 900 crore.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.70% · other public 0.07%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Approval of Welspun Enterprises Employee Benefit Scheme – 2022.Special98.44% for1.56% against
Against: promoters 0.00% · institutions 100.00% · other public 0.05%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
Approval for grant under Welspun Enterprises Employee BenefitnScheme 2022 to the employees of group company(ies) includingnsubsidiary company(ies) or its associate company(ies), in India ornoutside India. nMoreLess
Special98.44% for1.56% againstAgainst: promoters 0.00% · institutions 100.00% · other public 0.06%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Approval to Welspun Enterprises Employees Welfare Trust for thenacquisition of equity shares by way of secondary acquisition undernWelspun Enterprises Employee Benefit Scheme - 2022.Special98.44% for1.56% against
Against: promoters 0.00% · institutions 100.00% · other public 0.06%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Approval for provision of money by the Company for purchase of itsnown shares by the Trust / Trustees for the benefit of employees undernWelspun Enterprises Employee Benefit Scheme - 2022.Special98.44% for1.56% against
Against: promoters 0.00% · institutions 100.00% · other public 0.06%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
- Ratification of remuneration payable to M/s. Kiran J. Mehta, CostnAccountants, as Cost Auditors of the Company for the financial yearn2022-23.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 55.15% · promoters 100.00% · institutions 16.72% · other public 1.29%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 20 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the audited financial statements, on consolidated and standalone basis, for the FY ended March 31, 2026, and the reports of the Board of Directors and the Auditors thereon.MoreLess
Against Angel One Mutual Fund
- Angel One Mutual FundTransparency concern: Lack of clarity with regards to non-disclosure of financials of two entities, out of which one is taken into consolidation.
0 for1 against- To declare a final dividend of ₹3/- (Rupees Three Only) per equity shares of face value of ₹10/- (Rupees Ten Only) each at the rate of 30% on the equity shares for the FY 2025-26
Against Angel One Mutual Fund
- Angel One Mutual FundTransparency Concern is raised in the adoption of the financial statements of the Company under resolution #1, and the resolution is clubbed with standalone and consolidated accounts both, dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
0 for1 against - To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment.1 for0 against
- Ratification of remuneration payable to the Statutory Auditors of the Company for the FY 2026-271 for0 against
- Ratification of remuneration payable to the Cost Auditors of the Company for the FY 2026-271 for0 against
- Ratification of remuneration payable to the Secretarial Auditors of the Company for the FY 2026-271 for0 against
- Approval for Private Placement of securities upto ₹1,000 Crore1 for0 against
- Approval for issuance of securities of the Company, in one or more tranches, through Private Placement/ Preferential Allotment/ QIP and/or other permissible modes
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance concern: The maximum potential dilution due to the proposed enabling resolution is excessive. Further, there is no clarity regarding whether a Rights Issue will be opted for or not and, if yes, then for what portion.
0 for1 against - Re-designation and Re-appointment of Mr. Balkrishan Goenka (DIN: 00270175) as Non-Executive Director, designated as Chairman, and approval of remuneration payable
Against Angel One Mutual Fund
- Angel One Mutual FundGovernance concern: The proposed remuneration appears excessive compared to the Managing Director/Executive Director of the Company. Further, no absolute cap on the proposed remuneration. Transparency concern: Lack of clarity with regards to the proposed remuneration is fixed at 3% or is variable up to 3% for FY 2026-27.
0 for1 against - Approval for re-appointment of Mr. Sandeep Garg (DIN: 00036419) as the Managing Director, and remuneration payable1 for0 against
- Approval for grant of Employee Stock Options to Mr. Deepak Chauhan (DIN: 01694550), Director – Legal & Ethics1 for0 against
- Approval for payment of additional remuneration to the Independent Directors for the FY 2025-261 for0 against
2 proposals not matched to one resolution
Payment of profit related remuneration / compensation (collectively referred to as remuneration) up to Rs. 2.00 Crore per annum for a period of three financial years commencing from the financial year 2026-27 to the Non-Executive Independent Director(s) of the Company, in such amounts or proportions and in such manner in all respects as maybe approved by the Nomination and Remuneration Committee (NRC)/ the Board of Directors, notwithstanding that the remuneration to an individual single Non-Executive Director or to all the Non-Executive Directors together may exceed the limits prescribed under Section 197 of the Act, inclusive of sitting fees payable to such Non-Executive Independent Directors for attending all their meetings including the meetings of the Board of Directors, its Committee(s) and General Body.MoreLess
1 for0 againstTo enter into, an Engineering, Procurement and Construction (EPC) Contract and / or any other contract(s)/ arrangement(s)/ transaction(s) (whether by way of an individual transaction or transactions taken together or series of transactions or otherwise), for an aggregate value of Rs. 5,420/- Crore (excluding GST) with Welspun Pune Shirur Projects Limited (WPSPL), a related party under Section 2(76) of the Act and Regulation 2(1)(zb) of the Listing Regulations, as may be agreed between the Company and WPSPL, subject to such contract(s)/ arrangement(s)/transaction(s) being carried out at arm’s length and in the ordinary course of business of the Company.MoreLess
1 for0 against
Mutual fund votes, meeting of 7 Nov 2025, 6 fund houses
- ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance and Transparency Concern: The proposed issuance has a potential to cause significant dilution and there is no justification for not opting rights issue. The Company has also not explained why warrants were the preferred instrument for fund raising. The warrants have been priced based without any premium despite offering benefits such as deferred payment and potential upside over the conversion period. An independent valuation should have been sought to determine pricing on account of significant dilution. There is also no clarity on the basis of selection of proposed allottees and whether any due diligence was conducted to ascertain the financial capabilities of the allottees to attend to meet their payment obligation under the issue.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance and Transparency Concern: The proposed issuance has a potential to cause significant dilution and there is no justification for not opting rights issue. The Company has also not explained why warrants were the preferred instrument for fund raising. The warrants have been priced based on the SEBI ICDR formula to price equity shares without any premium despite offering benefits such as deferred payment and potential upside over the conversion period. An independent valuation should have been sought to determine pricing on account of significant dilution. There is also no clarity on the basis of selection of proposed allottees and whether any due diligence was conducted to ascertain the financial capabilities of the allottees to attend to meet their payment obligation under the issue.
2 for4 against
4 earlier meetings
Mutual fund votes, meeting of 29 Aug 2025, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of the audited consolidated and standalone financial statements, for the financial year ended March 31, 2025 and the reports of the Board of Directors and the Auditors thereon6 for0 against
Declaration of final dividend of Rs. 3/- (Rupees Three Only) per equity shares of face value of Rs. 10/- (Rupees Ten Only) each at the rate of 30% on the equity shares for the financial year ended 2024-25MoreLess
6 for0 against- Appointment of a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment.6 for0 against
- Appointment of M/s. Suresh Surana & Associates LLP, Chartered Accountants, as the Statutory Auditor for a term of 5 (five) consecutive years6 for0 against
- Approval for ratification of payment of remuneration to the Cost Auditors of the Company for the financial year 2025-266 for0 against
- Appointment of M/s. Mihen Halani & Associates, Practicing Company Secretaries, as the Secretarial Auditor for a term of five consecutive years.6 for0 against
- Enabling approval for Private Placement of Securities upto Rs. 1,000 Crore6 for0 against
- Enabling approval of issuance of securities of the Company, in one or more tranches, through Private Placement/Preferential Allotment/QIP and/or other permissible modes
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Excessive dilution. No clarity regarding whether Rights Issue will be opted for or not and if yes, then for what portion.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Excessive dilution. No clarity regarding whether Rights Issue will be opted for or not and if yes, then for what portion.
2 for4 against - Approval of the material related party transaction with subsidiary company
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Inadequate disclosures with respect to basis of arm’s length pricing.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Inadequate disclosures with respect to basis of arm’s length pricing.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
1 for5 against - Approval for re-appointment of Mr. Balkrishan Goenka as the Whole-time Director, designated as Chairman “Executive” and remuneration payable to him
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Combined position of Chairman and Executive Director; No absolute cap on variable pay or total remuneration
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Combined position of Chairman and Executive Director; No absolute cap on variable pay or total remuneration
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
1 for5 against - Approval for re-appointment of Mr. Sandeep Garg as the Managing Director of the Company and remuneration payable to him.
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for1 against - Approval for appointment of Mr. Deepak Chauhan as Director – Legal & Ethics
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
5 for1 against
2 proposals not matched to one resolution
12. To grant annual increments upto a limit not exceeding 10% per annum to the Executive Directors (EDs) of the Company, of their existing remuneration for the relevant FY, as may be deemed appropriate by the Board, provided that aggregate of the total remuneration payable to all the EDs in any FY may exceed the overall limits prescribed from time-to-time under Section 197 of the Act, and the said remuneration be paid in such amount, proportion and manner as may be decided by the Board from time-to-time.MoreLess
1 for0 againstTo grant annual increments upto a limit not exceeding 10% per annum to the Executive Directors (EDs) of the Company, of their existing remuneration for the relevant FY, as may be deemed appropriate by the Board, provided that aggregate of the total remuneration payable to all the EDs in any FY may exceed the overall limits prescribed from time-to-time under Section 197 of the Act, and the said remuneration be paid in such amount, proportion and manner as may be decided by the Board from time-to-time.MoreLess
Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: Perpetual approval.
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Perpetual approval.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
0 for5 against
Mutual fund votes, meeting of 27 Sep 2024, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the audited financial statements, on standalone and consolidated basis, for the financial year ended March 31, 2024 and the reports of the Board of Directors and the Auditors thereonMoreLess
3 for0 against- To approve declaration of dividend on Equity Shares for the financial year 2023-24. (¿ 3.00 per equity share)3 for0 against
- To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment3 for0 against
- To approve remuneration to the Statutory Auditors of the Company for the financial year 2024-253 for0 against
- To approve material related party transactions for EPC contracts entered into/to be entered between the Company and project SPVs
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Amount of Proposed RPTs is substantial in nature and no specific disclosure; Blanket approval sought.
- Motilal Oswal Mutual FundBlanket approval sought; Inadequate disclosures.
0 for3 against - To approve Private Placement of Securities upto ¿ 1,000 Crore3 for0 against
- To approve re-appointment of Mr. Anoop Kumar Mittal as an Independent Director of the Company for a second consecutive term of four years3 for0 against
- To approve payment of remuneration to Independent Directors3 for0 against
- To approve revision in remuneration to the Managing Director3 for0 against
- To approve issuance of securities of the Company, in one or more tranches, through Private Placement/Preferential Allotment/QIP and/or other permissible modes
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Significant dilution and no clarity regarding not opting for Rights Issue.
- Motilal Oswal Mutual FundExcessive dilution. No justification for not opting Rights Issue.
0 for3 against
1 proposal not matched to one resolution
Ratification of remuneration of Rs. 0.33 Crore per annum, exclusive of applicable taxes and re-imbursement of out of pocket expenses, payable to M/s. Kiran J. Mehta (Firm Registration No. 000025) and Co., Cost Accountants, who have been appointed as the Cost Auditor of the Company by the Board of Directors basis the recommendation of the Audit Committee, to conduct the audit of the cost records maintained by the Company as prescribed under the Companies (Cost Records and Audit) Rules, 2014, as amended, for the FY ending March 31, 2025.MoreLess
3 for0 against
Mutual fund votes, meeting of 29 Mar 2024, 2 fund houses
- Appointment of Mr. Subramanian Madhavan (DIN: 06451889) as an Independent Director of the company2 for0 against
- Payment of Remuneration to Mr. Mohan Tandon (DIN: 00026460) Independent Director of the Company
Against Groww Mutual Fund, Motilal Oswal Mutual Fund
- Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Prolonged Association.
0 for2 against
Mutual fund votes, meeting of 22 Sep 2023, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
To receive, consider and adopt the audited financial statements, on standalone and consolidated basis, for the financial year ended March 31, 2023 and the reports of the Board of Directors and the Auditors thereonMoreLess
1 for0 against- Declaration of dividend on Equity Shares for the Financial Year 2022-23 (Re. 1 per equity share)1 for0 against
- To appoint a director in place of Ms. Dipali Goenka (DIN: 00007199), who retires by rotation, and being eligible, offers herself for re-appointment.
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundRe-appointment compliant with law. Governance Concern: Low Attendance in Board Meetings and no justification provided.
0 for1 against - Approval for ratification of payment of remuneration to the Cost Auditors of the Company for the financial year 2023-241 for0 against
- Approval for re-appointment of Dr. Aruna Sharma as an Independent Director of the Company for a second consecutive term of five years1 for0 against
- Approval for re-appointment of Mr. Raghav Chandra as an Independent Director of the Company for a second consecutive term of five years.1 for0 against
- Approval for compliance with RBI circular, enabling conversion of loan into equity in case of event of default1 for0 against
- Approval of Private Placement of Securities upto ₹ 1,000 Crore.1 for0 against
- Approval of payment of remuneration to Independent Directors1 for0 against
- Approval of revision in remuneration to the Managing Director
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundCompliant with Law. No concern identified w.r.t the merits of Director. Governance concern: Holding 2 full time position in Companies which are neither holding / subsidiary nor are not engaged in the same line of business.
0 for1 against
1 proposal not matched to one resolution
Approves remuneration of Rs.46.20 lakh plus applicable taxes (subject to deduction of tax as may be applicable) and out of pocket expenses as may be approved by the Board of Directors to MGB & Co. LLP, Chartered Accountants Registration. No. 101169W/W-100035), as Statutory Auditors of the Company for conduct of audit for F.Y. 2023-24.MoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake heldWelspun Corporate Services LimitedSince 24 Apr 2026
0.00% bought in the quarter; holding 20.00%, from 20.00%
- Unlisted stake boughtWelspun Pune Shirur Projects LimitedSince 9 May 2026
100.00% bought in the quarter; holding 100.00%, from 0.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesOct 2025, checked by CRISIL RATINGS LIMITED | 1,000.00 | Infusion of funds for Construction of 6-Lane Partially Elevated Highway Corridor along with improvement of existing road from Km. 10+600 to Km. 64+000 (Section Pune to Shirur of NH-753F – Minimum Design Length 53.40 Km) in the State of Maharashtra on DFBOT (Toll) Mode, with concession period of 29 years pursuant to receipt of Letter of Award either directly or through SPV (to be incorporated upon receipt of Letter of Award) | 750.00 | 0.00 | No |
| Preferential IssuesOct 2025, checked by CRISIL RATINGS LIMITED | 1,000.00 | General Corporate Purposes | 250.00 | 0.00 | No |