Welspun Living CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 24 Sep 2026, 8 fund houses 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 consider and adopt the audited financial statements, on standalone and consolidated basis, for the financial year ended March 31, 2026 and the reports of the Board of Directors and the Auditors thereon.MoreLess

  8 for0 against
• To declare dividend of Rs. 0.10 per share on Equity Shares for the financial year 2025-26.

  8 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-appointment.

  8 for0 against
• To approve ratification of remuneration payable to the Cost Auditors of the Company

  8 for0 against
• To approve payment of remuneration by way of commission to Mr. Balkrishan Goenka, (DIN: 00270175), Non-Executive Chairman of the Company

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern: Remuneration is skewed in favor of Mr. Goenka, Promoter Non-Executive Director Chairperson, the justification does not appear to be adequate against the excessive pay.
  • DSP Mutual Fund, Jio BlackRock Mutual FundBalkrishan Goenka, 60, is promoter and serves as Non-Executive Chairperson. His overall remuneration from Welspun companies (Welspun Corp Limited, Welspun Living Limited, and Welspun Enterprises Limited) aggregated to Rs. 390.9 mn for FY26; of this commission from Welspun Living was Rs. 30.7 mn. Since the payout to Balkrishan Goenka exceeds 50% of aggregate non-executive remuneration, the company has sought approval for the payment. We recognize that as a promoter, he plays a material role in establishing strategic direction and governance structures, however, his aggregate remuneration is high and not commensurate with peers. Additionally, his commission received from Welspun companies are linked to consolidated profits and are uncapped. The company must consider putting an absolute cap on his commission. Given the high quantum of his overall commission, we do not support the remuneration.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance Concern: Remuneration is skewed in favor of Mr. Goenka, Promoter NED Chairperson, the justification does not appear to be adequate against the excessive pay.
  • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The proposed remuneration is deemed high for a non-executive role and aggressively positioned when compared to market practice. • There is insufficient justification for his proposed pay, which is more than that paid to the CFO of the company in FY26. • The commission element lacks an absolute monetary cap which provides discretion to the committee to determine the outcome under this element.
  • ICICI Prudential Mutual FundMr. Balkrishan Goenka, is promoter and Non-Executive Chairperson of Welspun India. His overall remuneration from Welspun companies (Welspun Corp Limited, Welspun Living Limited, and Welspun Enterprises Limited) aggregated to Rs. 390.9 million for FY2026; of this commission from Welspun India was Rs. 30.7 million. Since the payout to Balkrishan Goenka exceeds 50% of aggregate non-executive remuneration , the company has sought approval for the payment. While as a promoter, he plays a material role in establishing strategic direction and governance structures, however, his aggregate remuneration is high for a non-executive director. Additionally, his commission received from Welspun companies are linked to consolidated profits and are uncapped. The company must consider putting an absolute cap on his commission. Given the high quantum and no cap on remuneration, the AMC has voted against the resolution.

  1 for7 against
• To approve payment of remuneration to Independent Directors

  8 for0 against
• To approve material related party transaction(s) with Welspun Global Brands Limited

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundThe Company has breached the materiality threshold and it appears prior approval of shareholders has not been sought. Governance and Transparency Concern: Further, the transactions entered into during FY 2025-26 have not been approved in aggregate by the shareholders’ in past, and whether any relevant approval was sought / proposed or not remains unclear as there is no affirmation by the Company in this regard.
  • Edelweiss Mutual Fund, Navi Mutual FundNon-compliant with Regulation 23 of SEBI (LODR) Regulations, 2015: The Company has breached the materiality threshold and it appears prior approval of shareholders has not been sought. Governance and Transparency Concern: Further, the transactions entered into during FY 2025-26 have not been approved in aggregate by the shareholders’ in past, and whether any relevant approval was sought / proposed or not remains unclear as there is no affirmation by the Company in this regard.

  4 for3 against
• To approve material related party transaction(s) between Welspun Global Brands Limited and Welspun USA, Inc.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual FundGovernance and Transparency concern: The notice does not provide clarity on whether prior shareholders’ approval, as required under law, is being sought or not. Further, the transactions entered into during FY 2025-26 have not been approved in aggregate by the shareholders’ in past, and whether any relevant approval was sought / proposed or not remains unclear as there is no affirmation by the Company in this regard.

  4 for3 against

Mutual fund votes, meeting of 26 Aug 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

• Appointment of Mr. Keyur Parekh (DIN: 10777907) as Whole-time Director (WTD) of the company for a period of 5 (five) years with effect from June 01, 2026.

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundTransparency Concern: Mr. Parekh is also a Whole-time Director at Welspun Global Brands Ltd, a material unlisted subsidiary of the Company. It is not clear whether he would continue to draw remuneration from the said subsidiary or not. In absence of adequate disclosures, fairness of his remuneration cannot be ascertained.
  • DSP Mutual Fund, Jio BlackRock Mutual FundKeyur Parekh, is currently CEO, Global Business at Welspun Living Limited. He joined the company in February 2009 and has over 28 years of professional experience. In his current role he drives worldwide sales and marketing, channel development, end-to-end supply chain, global sourcing and manufacturing, and market foresight across the Home Textiles, Advanced Textiles and Floor Textile businesses. He is also a Director at Welspun USA and Welspun Global Brands Limited. The company has clarified that he is a Non-Executive Director in Welspun Global Brands Limited and will not receive any remuneration from the company. As per the proposed terms, he is entitled for a fixed pay of Rs 33.8 mn and variable pay of Rs 11.3 mn per annum, with annual increments up to 15%, based on the recommendation of the Nomination and Remuneration Committee. He is also eligible to receive stock options. He received 500,000 stock options in FY25. However, there is no guidance on the stock options to be granted over his tenure. In the absence of clarity, we are unable to make an informed decision on his overall remuneration and hence we do not support the resolution.
  • Navi Mutual FundCompliant with law. Transparency Concern: Mr. Parekh is also a Whole-time Director at Welspun Global Brands Ltd, a material unlisted subsidiary of the Company. It is not clear whether he would continue to draw remuneration from the said subsidiary or not. In absence of adequate disclosures, fairness of his remuneration cannot be ascertained.

  4 for4 against

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

Yes

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.