Welspun Enterprises to raise ₹1,000 crore via preferential warrant issue

Welspun Enterprises Limited announced on October 15, 2025, that its board of directors approved raising up to ₹1,000 crore through the issuance of 19,047,619 warrants. Each warrant will carry an option to subscribe to one equity share with a face value of ₹10, issued at a price of ₹525 (including a premium of ₹515) per warrant, by way of a preferential issue on a private placement basis. This proposal is subject to shareholder and regulatory approvals, with an extraordinary general meeting scheduled for November 7, 2025.

The warrants are convertible into equity shares within 18 months from the allotment date. The list of proposed allottees includes Balkrishan Goenka (trustee of Welspun Group Master Trust) as a promoter allottee with 7,123,809 warrants, and various non-promoter public allottees such as Authum Investment & Infrastructure Limited (5,714,286 warrants) and Aryavardhan Trading LLP (1,904,762 warrants).

Other notable non-promoter public allottees include Garnet Shelters Private Limited (952,381 warrants), Ravi Goenka (partner of Shri Tirupati Trading Company) (571,429 warrants), Winro Commercial (India) Limited (666,667 warrants), and Aarti Bhatia (666,667 warrants), among others. If warrants remain unconverted after 18 months, the amount paid will be forfeited.