Welspun Corp. Limited at the SBM, the board approved investment in a Special Purpose Vehicle (SPV) for the supply of 42 MW Renewable Energy Round-The-Clock (RE-RTC): As a part of ESG journey, the Company has entered into an arrangement for the supply of renewable energy under Group Captive Structure with Mounting Renewable Power Limited, a subsidiary of Welspun New Energy Limited ("WNEL"). In this direction, the Board of Directors in their meeting held has approved, after due evaluation of various proposals presented, an investment not exceeding INR 442.5 million holding ~21.54% equity share capital in MRPL and remaining ~51.00% and ~27.46% shareholding in MRPL will be with Welspun New Energy Limited ("WNEL"), a related party of the Company, and another group captive power consumer viz.

Welspun Living Limited ("WLL"), respectively. Approved Expansion of Ductile Iron Pipes Capacities in India: On the back of the strong demand outlook and significant demand-supply mismatch in smaller diameter segment, the Company has decided to expand its DI Pipes capacity by 100 KMTPA in Anjar, which will take the total DI Pipes capacity to 500 KMTPA.