WELSPUN INDIA LTD. - 514162 - Board Resolution For Buyback Of Equity Shares
The board of directors of the Company have approved the Buyback by passing a resolution on Thursday, April 27, 2023. Please find enclosed copy of the board resolution passed by the board members pursuant to Regulation 5(vii) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended. WELSPUN INDIA LTD. - 514162 - Record Date For Buyback
Pursuant to Regulation 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is further notified that the Company has fixed May 10, 2023 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of Equity Shares. WELSPUN INDIA LTD. - 514162 - Date Of Closure Of Transfer Book As Per Regulation 42 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015.
Book Closure: Thursday, June 29, 2023 to Friday, June 30, 2023 (both days inclusive) Purpose: For the purpose of determining the shareholders eligible for dividend, if any, declared by the shareholders of the Company at the Annual General Meeting and for the purpose of Annual General Meeting. WELSPUN INDIA LTD. - 514162 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please be informed that the Conference Call Recording of Q4 FY23 results is available on the Company's website at www.welspunindia.com --> Investors --> Transcripts --> Year 2023. The recording can also be assessed from the link provided in the attachment.
Welspun India Q4: Net profit up 140% , board announces buyback
Welspun India's board has also approved buyback for an amount of Rs195 crore at a price of 120 per share. Q4FY23 Quarterly & FY23 Annual Result Announced for Welspun India Ltd.
Textiles company Welspun India announced Q4FY23 & FY23 results: Q4FY23: Total Income for Q4FY23 is Rs 21,995 million grew by 15.3% QoQ EBITDA for Q4FY23 is Rs 3,201 million with margin at 14.6% FY23: Total Income for FY23 is Rs 82,151 million EBITDA for FY23 stood at Rs 8,739 million with margin at 10.6% Domestic Consumer Business grew 31% YTD to reached the revenue of Rs 5,502 million Net Debt stood at Rs 15,354 million vs. Rs 22,289 million (Mar 2022), reduction of Rs 6,946 million YoY DJSI score for 2022 improved from 48 to 59 in latest assessment done amongst the top 5% textile companies globally Board has approved a Buyback for an amount of Rs 1,950 million at a price of Rs 120 per share Dividend announced at Rs 0.10 per share Speaking about the performance, B.K. Goenka, Chairman, Welspun Group, said “FY23, though a challenging year due to historical high input costs and demand slowdown in key global markets, ended with a positive note with all the businesses showing improved performance in Q4FY23. Through these tough times, we continued our relentless efforts to innovate through value engineering and cost rationalisation across board and achieved the highest EBITDA% in six quarters in Q4FY23. Domestic Consumer business has continued its growth trajectory, growing 31% in FY23. We are committed to continue our investment in Domestic business to solidify our industry leading position and realise our vision of ‘Har Ghar se Har Dil Tak Welspun’. All our Emerging Businesses, including Flooring business, have given superior results in Q4FY23, growing by 24%. We, at Welspun, have become the beacon when it comes to adopting ESG practices in all facets of its operation and governance. The most recent Dow Jones Sustainability Index rating of 59, which is among the Top 5 percentile score among the companies assessed and as against the average textile industry score of 21, bears testimony to our commitment towards ESG and doing business sustainably and responsibly.” Result PDF WELSPUN INDIA LTD. - 514162 - Announcement under Regulation 30 (LODR)-Investor Presentation
In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Company's Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information, kindly find attached Earnings Presentation, inter alia, on audited financial results of the Company for the quarter and year ended March 31, 2023. WELSPUN INDIA LTD. - 514162 - Board Meeting Outcome for Board Meeting Outcome For Outcome Of The Meeting Of The Board Of Directors Of Welspun India Limited (The Company) Held On April 27, 2023.
(A) Audited Financial statements for the year ended March 31, 2023. (B) Recommendation of Dividend. (C) Approval of Buy-Back. WELSPUN INDIA LTD. - 514162 - Outcome Of The Meeting Of The Board Of Directors Of Welspun India Limited (The Company) Held On April 27, 2023
(A) Audited Financial statements for the year ended March 31, 2023. (B) Recommendation of Dividend. (C) Approval of Buy-Back