Welspun Corp announces Rs 760 lakh stake sale in Clean Max Dhyuthi

Business Desk — Thu, 21 May 2026 12:49:11 +0000

Welspun Corp Limited has announced the sale of its equity stake in Clean Max Dhyuthi Private Limited, a move that marks a significant shift in its investment portfolio. The company will sell 48,599 equity shares, representing 26% of Clean Max Dhyuthi’s total paid-up equity share capital, to Welpsun Living Limited, a promoter group company, for a consideration of ₹760 lakh.

The decision was made during a meeting of the Board of Directors held on 21st May 2026, where several key business matters were addressed. Among these, the board approved the audited financial results for the quarter and financial year ending 31st March 2026. The results, both standalone and consolidated, were prepared in compliance with the SEBI Listing Regulations and were recommended by the Audit Committee.

In addition to the financial results, the board recommended a final dividend of 100%, translating to ₹5 per equity share for the financial year ending 31st March 2026. This recommendation is subject to approval at the upcoming Annual General Meeting.

The board also noted the completion of previously announced expansion and capability enhancement projects. These include the enhancement of the existing spiral facility at Anjar into a hybrid facility capable of producing both Spiral and LSAW pipes, and the commissioning of an additional coating facility at Bhopal with a capacity of 3 million square metres per annum.

The sale of the stake in Clean Max Dhyuthi is expected to streamline Welspun Corp‘s focus on its core operations. Upon completion of the transaction, Clean Max Dhyuthi will cease to be an associate of Welspun Corp.

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

Welpsun Living | Business Upturn

Welspun Corp announces Rs 760 lakh stake sale in Clean Max Dhyuthi