Welspun Corp allots equity shares under stock option scheme

Welspun Corp (BSE:WELCORP) has announced the allotment of 872,500 equity shares with a face value of INR 5 each, fully paid-up, effective April 1, 2025. This allotment is pursuant to the exercise of stock options under the company's Employee Stock Option Plan 2005. Following this allotment, Welspun Corp's paid-up equity share capital has increased from INR 131,174,6975 divided into 26,234,9395 equity shares, to INR 131,610,9475 divided into 26,322,1895 equity shares, with each share valued at INR 5. The newly allotted equity shares will rank pari-passu with existing shares of the company. This announcement adheres to Regulation 30 of the SEBI regulations.