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

Welspun Enterprises Limited announced an Extra-Ordinary General Meeting (EGM) on Friday, November 7, 2025, to approve the issuance of up to 19,047,619 convertible warrants through a preferential issue. Each warrant, priced at ₹525, will carry an option to subscribe for one equity share, with a face value of ₹10, at a premium of ₹515 per share, within 18 months of allotment. The total value of the issue is not to exceed ₹1,000 crore.

The primary objective of this fundraising is to strengthen the company’s capital base and enhance financial flexibility, with 75% of the proceeds allocated to funding existing and future infrastructure and water projects. The remaining 25% will be used for general corporate purposes. The issue will involve both promoter and non-promoter allottees, with one proposed promoter allottee intending to invest ₹374 crore.

CRISIL Ratings Limited, a SEBI registered credit rating agency, has been appointed as the monitoring agency for the utilization of the proceeds, with quarterly reports to be submitted to the company and stock exchanges. The issue is not expected to cause any change in control of the company.