Welspun Living Limited has completed the extinguishment of 1,44,00,000 equity shares in relation to its buyback program. The buyback was conducted pursuant to a public announcement dated May 18, 2026 and a letter of offer dated May 25, 2026. The tendering period opened on May 29, 2026 and closed on June 4, 2026. Each equity share with a face value of Rs 1 was bought back at Rs 175 per share.
All extinguished shares were held in dematerialized form through National Securities Depository Limited. The extinguishment was effected on June 17, 2026 with Ventura Securities Limited acting as the depository participant. No physical shares were extinguished under this buyback.
The Buyback Committee approved the extinguishment in its meeting held on June 12, 2026. Post-extinguishment, the company's issued and paid-up capital stands reduced from Rs 95,91,52,514 to Rs 94,47,52,514. The authorized share capital remains unchanged at Rs 4,17,78,56,070.
The post-buyback shareholding pattern shows promoter shareholding increased to 66.36% from 66.24% pre-buyback. Foreign portfolio investors hold 5.52% of the equity while domestic financial institutions and mutual funds account for 11.10%. Public shareholders including bodies corporate hold the remaining 17.14%.
The company has submitted the extinguishment certificate and related documentation to BSE and National Stock Exchange of India where its equity shares are listed. The details are also available on the company's website.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.