WELENT

- Welspun Enterprises Limited has issued a Notice of Postal Ballot to seek shareholders' approval for three key items. - Item 1: Approval for enhancement of the borrowing limit up to ₹8,000 Crore under Section 180(1)(c) of the Companies Act, 2013. - Item 2: Approval for creation of security up to ₹11,000 Crore under Section 180(1)(a) of the Companies Act, 2013. - Item 3: Approval for a material related party transaction with Welspun Pune Shirur Projects Limited (WPSPL) for financial support up to ₹6,350 Crore. - Remote e-voting period commences on November 7, 2026, and ends on December 6, 2026, with results to be declared on or before December 8, 2026.

- Audio recording of the Earnings Call held on November 06, 2026, is available on the company website. - The call pertained to Un-audited Financial Results for the quarter and half-year ended September 30, 2026.

- Welspun Enterprises completed the divestment of its remaining 51% stake in its associate company, NXT Infra MCP, to NXT-Infra Trust. - The total consideration received for the transaction is approximately ₹339.38 Crore. - With this transaction, NXT Infra MCP has ceased to be an associate company of Welspun Enterprises as its shareholding has been reduced to nil.

- Q2 FY27 revenue grew 32% YoY; EBITDA surged 122% YoY with H1 margin at 32.4% - Diversified order book stood strong at ₹18,708 crore as of September 30, 2026 - CRISIL upgraded long-term credit rating from 'AA-' to 'AA' with Stable outlook - Cash and cash equivalents reached ₹1,432 crore

Resignation of Ms. Lekha Raghavan as CHRO effective December 31, 2026. Appointment of Mr. Ravi Singh as CHRO effective January 1, 2027 (Designate CHRO from November 5, 2026). Resignation of Ms. Nidhi Tanna as Company Secretary & Compliance Officer effective December 11, 2026. Appointment of Ms. Priya Pakhare as Company Secretary & Compliance Officer effective December 12, 2026.

- Resignation of Ms. Lekha Raghavan as CHRO and Senior Management Personnel, effective December 31, 2026. - Appointment of Mr. Ravi Singh as CHRO effective January 01, 2027 (acting as Designate CHRO from November 05, 2026). - Resignation of Ms. Nidhi Tanna as Company Secretary and Compliance Officer, effective December 11, 2026. - Appointment of Ms. Priya Pakhare as Company Secretary and Compliance Officer effective December 12, 2026.

Q2 FY27 Consolidated Revenue ₹1,034.58 Cr vs ₹783.92 Cr (▲32% YoY) EBITDA ₹383.33 Cr vs ₹172.18 Cr (▲123% YoY) PAT ₹295.55 Cr vs ₹98.08 Cr (▲201% YoY) EBITDA Margin 37.1% vs 22.0% (▲1509bps)

Q2 FY27 Consolidated Revenue ₹1,034.58Cr vs ₹783.92Cr (▲32% YoY) EBITDA ₹383.33Cr vs ₹172.18Cr (▲123% YoY) PAT ₹295.55Cr vs ₹98.08Cr (▲201% YoY) EBITDA Margin 37.05% vs 21.96% (▲1,509bps)

Concall Schedule Concall Date: November 06, 2026 Concall Time: 11:30 A.M. (IST)

Concall Schedule Concall Date: November 06, 2026 Concall Time: 11:30 A.M. IST

- Order Win: Welspun Michigan Engineers Limited (Material Subsidiary of Welspun Enterprises Limited) received a Letter of Acceptance. - Details of the order win and value were not explicitly provided in the filing content.

- Welspun Enterprises Limited received a Show Cause Notice from the State GST Authority, Haryana on September 30, 2026. - The SCN proposes a tax demand of ₹15,37,46,253/- along with applicable interest and penalty for FY 2022-23. - The dispute pertains to alleged short payment of tax, excess availment of ITC, and delayed payments to vendors beyond 180 days. - The company believes the demand is not maintainable, expects it to be set aside, and foresees no material impact on its operations.

- Welspun Enterprises received a Show Cause Notice from the State GST Authority, Uttar Pradesh, for FY 2022-23. - The notice proposes tax demand of ~Rs. 71.24 Crore along with applicable interest and penalty due to alleged short payment of tax and excess availment of ITC. - The company stated the demand is not maintainable and expects it to be set aside without material financial impact.

- Crisil Ratings upgraded the Long Term Rating for Welspun Enterprises Ltd to 'Crisil AA/Stable' from 'Crisil AA-/Positive' for ₹2,600 Cr bank facilities. Short Term Rating of 'Crisil A1+' for WEL and its ₹200 Cr Commercial Paper was re-affirmed. - For Welspun Michigan Engineers Ltd, Long Term Rating for ₹353.58 Cr bank facilities was upgraded to 'Crisil AA-/Stable' from 'Crisil A+/Positive', and Short Term Rating upgraded to 'Crisil A1+'. - For Welspun EDAC JV Pvt Ltd, Long Term Rating for ₹100 Cr bank facilities was upgraded to 'Crisil AA (CE)/Stable' from 'Crisil AA-(CE)/Positive'. Short Term Rating was re-affirmed at 'Crisil A1+ (CE)'.

- Order Win: Welspun Michigan Engineers Limited (WMEL), a material subsidiary of Welspun Enterprises Limited, secured two sewer rehabilitation projects from Ahmedabad Municipal Corporation (AMC). - Order Value: ₹351.24 Crore (including GST & excluding provisional sum). - Completion Timeline: 24 months from the commencement date. - Other Details: The projects are funded by the World Bank.

- Investor/Analyst Meeting Schedule: - September 21, 2026: Anand Rathi G-200 Summit 2026 (Physical) - September 23, 2026: The JM Financial Environment & Energy Conclave (Physical) - September 29, 2026: Bharat Connect Conference (Virtual) - No unpublished price-sensitive information will be shared. - Information already in public domain and the Q1 FY27 investor presentation will be presented.

- Welspun Enterprises Limited clarified on September 08, 2026, regarding the spurt in its securities' volume. - The company stated there are no price-sensitive events, information, or developments requiring disclosure under SEBI Regulations.

New Filing detected. See link for details.

- Q1 FY27 performance was soft with consolidated revenue of INR 774 crores, impacted by external factors like supply chain disruptions, temporary construction stoppage in Mumbai, and labor availability. - Despite challenges, EBITDA margin remained strong at 22.9%, exceeding the 18%+ guidance. Reported PAT was INR 56 crores, including a non-recurring loss from discontinued operations. - Signed definitive agreement for divestment of Aunta-Simaria HAM project for approximately INR 1,000 crores, expected to complete in Q2 FY27, reducing debt by about INR 800 crores. - Consolidated order book stands at over INR 18,700 crores as of June 30, 2026, with WMEL's order book at INR 2,135 crores. - Management expects execution momentum to improve in coming quarters and targets 15-20% annualized growth for FY27, aiming to aggregate INR 8,000-10,000 crores in new orders. - Strong financial position with net worth of INR 3,324 crores, cash & cash equivalents of INR 1,792 crores, and net debt of INR 109 crores, supported by strong credit ratings (CRISIL AA- (Positive) and ICRA AA (Stable)). - Positive developments in the Oil & Gas business, with revised FDP submission and expected approval in 4-6 weeks, leading to production in approximately 2 years.

- Audio recording of the Earnings Call held on August 05, 2026, concerning the Un-audited Financial Results for the quarter ended June 30, 2026, is available on the company's website. - A link to the recording has been provided.

- Consolidated Revenue ₹773.72Cr vs ₹845.05Cr (▼8.43% YoY) - EBITDA ₹150.81Cr vs ₹181.26Cr (▼16.79% YoY) - PAT ₹56.36Cr vs ₹101.17Cr (▼44.29% YoY) - EBITDA Margin 19.49% vs 21.45% (▼196bps)

- Consolidated Revenue ₹774 Cr vs ₹845 Cr (▼8% YoY) - EBITDA ₹185 Cr vs ₹208 Cr (▼11% YoY) - PAT ₹56 Cr vs ₹101 Cr (▼44% YoY) - EBITDA Margin 22.9% vs 23.9% (▼95bps)