Welspun Living Approves Dividend Recommendation, ₹ 252 Crore Buyback, and Stake Acquisition in CleanMax Dhyuthi

Welspun Living Approves Dividend Recommendation, ₹ 252 Crore Buyback, and Stake Acquisition in CleanMax Dhyuthi​

Welspun Living Limited announced multiple key corporate developments following its Board of Directors meeting held on May 15, 2026. The Board approved the audited financial results and financial statements for the quarter and year ended March 31, 2026, while also making strategic recommendations regarding dividends, share buybacks, and acquisitions.

In corporate action, the Board of Directors recommended a final dividend of Re. 0.10 per equity share of the face value of Re. 1 each for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. The payment is scheduled for shareholders holding equity shares as of the record date, set for July 10, 2026.

Key Corporate Actions and Buyback Details​

The Board further approved a comprehensive buyback proposal, aiming to repurchase fully paid equity shares of Re. 1 each. The company approved the purchase of up to 1,44,00,000 equity shares at a buyback price of Rs. 175/- per share. This move has an aggregate size of not exceeding Rs. 252 Crore. The record date for this buyback is set for May 22, 2026.

The company also greenlit the acquisition of a stake in CleanMax Dhyuthi Private Limited (CDPL). The Board approved the acquisition of 48,599 equity shares of Rs. 10/- each in CDPL, representing 26% of the total paid-up equity share capital. This acquisition, from Welspun Corp Limited, is intended to enhance the supply of renewable energy to the company's Vapi factory in Gujarat. The transaction has a consideration value of Rs. 760 Lakhs, with an indicative completion timeline of August 31, 2026.

Operational and Governance Updates​

On the operational front, the Board approved the re-appointment of M/s. Kiran J. Mehta & Co., Cost Accountants, as the Cost Auditors, subject to ratification of remuneration by the shareholders at the Annual General Meeting.

In matters of management, the Board noted the resignation of Mr. Altaf Jiwani, who served as Whole-time Director & Chief Operating Officer, effective close of business hours on May 31, 2026. Concurrently, the Board approved the appointment of Mr. Keyur Parekh as Whole-time Director, effective June 01, 2026.

Financial Performance Highlights​

The company’s recent financial results show strong performance across key segments. For the fourth quarter of FY26, revenue stood at ₹ 2,451 crore, representing a 7.7% sequential increase. EBITDA reached ₹ 265 crore, achieving a margin of 10.8%. Notably, the Domestic Consumer Business recorded robust year-on-year growth of 29.2% in Q4FY26.

The following table summarizes the key financial parameters for the quarter and full year ended March 31, 2026, based on the consolidated financials:


The company also reported that its Net Debt was reduced to ₹ 775 cr, down 52% year-on-year.

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Note: Figures are presented exactly as provided in the source material.

WELSPUNLIV Stock Price Movement​

Shares of Welspun Living Limited are rallying to ₹139.69 as of 2:13 PM today, edging up 4.07% in live trading. The stock is experiencing strong investor interest, having traded over 3.34 million shares in the market thus far.