Welspun Living approves Rs 159.38 crore capex increase for Anjar facility

Yash Agarwal — Thu, 19 Mar 2026 09:10:04 +0000

Welspun Living Limited has announced a significant increase in its capital expenditure for the transmission of renewable energy to its Anjar facility. The Board of Directors has approved an increase from ₹75 crore to ₹159.38 crore.

The decision, made during the board meeting held on March 19, 2026, aims to enhance the facility’s infrastructure for renewable energy transmission. This includes CTU connectivity, land acquisition, bay at sub-station, erection of transmission line, and inner connectivity ring changes.

In addition to the capex increase, the board approved the acquisition of a 35% stake in Welspun Corporate Services Limited (WCSL) for ₹35,000. WCSL, formerly known as Welspun Home Textiles Limited, is set to become a centralised corporate services platform for the Welspun Group, providing integrated management and support services.

The acquisition aligns with Welspun Living‘s strategy to streamline group-level functions and enhance operational efficiency. WCSL will offer services including human resources, legal, regulatory compliance, taxation, and strategic advisory.

Moreover, the board noted the resignation of Mr. Rajesh Jain as Chief Human Resources Officer, effective March 31, 2026, and approved the appointment of Ms. Sonia Sharma as Vice President – Human Resource, effective April 1, 2026. Ms. Sharma brings over two decades of experience in strategic HR leadership and organisational transformation.

The board meeting commenced at 12:30 P.M. and concluded at 2:15 P.M.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sonia Sharma | Business Upturn

Welspun Living approves Rs 159.38 crore capex increase for Anjar facility