WELCORP

WELSPUN CORP LIMITED: ACQUIRES 2.57% STAKE IN WELSPUN MAURITIUS HOLDINGS The board approved acquisition of around 2.57 percent equity stake in Welspun Mauritius Holdings Ltd for a consideration capped at USD 5.96 million, payable in cash. The stake is being acquired from Welspun Pipes Inc., USA, a wholly owned subsidiary, making the Mauritius entity a direct wholly owned subsidiary. The transaction is an internal restructuring exercise and will not impact consolidated financials, operations, or profitability.