Welspun Living Board Approves Rs 252 Crore Buyback, Dividend, and CleanMax Dhyuthi Stake Acquisition

Welspun Living Board Approves Rs 252 Crore Buyback, Dividend, and CleanMax Dhyuthi Stake Acquisition​

Welspun Living Limited (WLL) announced major corporate decisions following its Board of Directors meeting on May 15, 2026. The Board approved the audited financial results for the quarter and year ended March 31, 2026, while also recommending a dividend and approving a substantial share buyback plan.

The company also finalized the acquisition of a stake in CleanMax Dhyuthi Private Limited (CDPL) and made key appointments to its management structure.

Financial Performance for FY2026​

The audited financial results for the quarter and year ended March 31, 2026, show Welspun Living Limited (WLL) navigating a challenging industry backdrop, according to management commentary. The Board reviewed the audited results for both consolidated and standalone bases.

For the full financial year 2026, the reported Total Income was 9,467.91 Crores (consolidated), declining 11.5% year over year. Consolidated EBITDA for FY26 reached 862 Crores, while the consolidated Net Profit for the year was 644.02 Crores.

The company has also reported significant improvements in liquidity and asset strength:

• Net Debt was reduced to 775 Crores, marking a decrease of 52% year over year.
• The company incurred 472 Crores towards capital expenditure (Capex) in FY26.

The segment-wise performance showed robust activity in Home Textiles, which accounted for 9,399.11 Crores of total income for the fiscal year.

Key Financial Highlights (Consolidated - ₹ Crores)​

Dividend and Buyback Approval​

In a strategic move aimed at returning value to shareholders, the Board recommended a final dividend of Re. 0.10 per equity share, representing 10% of the face value for the financial year 2025-26. The dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting and is payable to shareholders who hold equity shares as of the record date of July 10, 2026.

Furthermore, the Board approved a buyback proposal through a tender offer route. The company intends to purchase up to 1,44,00,000 fully paid equity shares at a price of Rs. 175/- per share. The maximum buyback size is capped at Rs. 252 Crore. The record date for this buyback was set as May 22, 2026.

Strategic Acquisitions and Partnerships​

The Board also approved the acquisition of a stake in CleanMax Dhyuthi Private Limited (CDPL). Welspun Living Limited will acquire 48,599 equity shares, representing 26% of the total paid-up equity share capital of CDPL. The consideration for this stake is set at Rs. 760 Lakhs, sourced from Welspun Corp Limited (WCL), a promoter group company.

This acquisition is intended to enhance the supply of renewable energy to the Company's Vapi factory in Gujarat, leveraging CDPL's existing renewable energy project in the region to serve as a captive unit.

Changes in Management and Cost Auditor​

The Board took action regarding key managerial personnel and statutory appointments:

1. Director Changes: The Board noted the resignation of Mr. Altaf Jiwani, Whole-time Director and Chief Operating Officer, effective May 31, 2026. Simultaneously, it approved the appointment of Mr. Keyur Parekh as a Whole-time Director, effective June 01, 2026. Mr. Parekh is considered a Key Managerial Personnel of the Company and will serve a five-year term from June 01, 2026, to May 31, 2031.
2. Cost Auditor: The Board approved the re-appointment of M/s. Kiran J. Mehta & Co. as the Cost Auditors, subject to shareholder ratification at the upcoming Annual General Meeting.

The company also confirmed that the trading window for dealing in the securities of the Company will re-open from Tuesday, May 19, 2026.

RANEHOLDIN Stock Price Movement​

Today, Rane Holdings Limited shares edged higher in post-market trading, settling at ₹1422.00 after gaining 12.71%. The equity saw substantial interest today, with 319,275 shares contributing to the total volume.