Welspun : Agreements/Contracts/Arrangements/ MOU's PARA B

WCL /SEC/2022

October 3, 2022

BSE Ltd.

National Stock Exchange of India Ltd.

Department of Listing,

Exchange Plaza,

P. J. Towers, Dalal Street,

Bandra-Kurla Complex,

Mumbai - 400 001.

Bandra (E), Mumbai - 400 051.

(Scrip Code:

(Symbol: WELCORP, Series EQ)

Equity - 532144),

NCD - 948505, 960468, 960491 and 973309)

Sr.

Particulars

Detail

No.

1

The amount and percentage of the

Turnover of Dahej Unit : Rs. 136 crores

turnover or revenue or income and net

comprising of 2.09% of the Consolidated

worth contributed by such unit or

Revenues as of March 31, 2022.

division of the listed entity during the

last financial year

EBITDA for Dahej Unit is Rs. (22.13) crores

comprising of (2.16)% of the Consolidated

EBITDA as of March 31, 2022.

Net worth of the Dahej Unit is Rs. 113

crores comprising 0.25% of the

Consolidated Net Worth of the Company

as of March 31, 2022

2

Date on which the agreement for sale

Memorandum of Agreement September

has been entered into.

30, 2022

3

The expected date of completion of

On completion of vendor obligations as

sale/disposal.

agreed with the Purchaser but not later

than 90 days from the date of

Memorandum of Agreement.

4

Consideration receivable

from

such

Rs. 130 Crore.

sale/disposal.

5

Brief details of buyers and whether any

Buyer is Laxmi Organic Industries

of the buyers belong to the promoter/

Limited (CIN:L24200MH1989PLC051736)

promoter group/group companies. If

incorporated in the year 1989 under the

yes, details thereof.

Companies Act, 1956 with its registered

office at

A-22/2/3, MIDC Mahad,

Maharashtra- 402309

6

Whether the transaction would fall

The Buyer does not belong to the promoter

within related party transactions? If

/ promoter group / group companies of

yes, whether the same is done at "arm's

the listed entity i.e. Welspun Group.

length".

7

Additionally, in case of a slump sale,

Not applicable

indicative disclosures provided

for

amalgamation/merger,

shall

be

disclosed by the listed entity with

respect to such slump sale.

8

Name of the entity(ies) forming part of

Not applicable

the slump sale, details in brief such as,

size, turnover etc.

9

Whether the transaction would fall

No

within related party transactions? If

yes, whether the same is done at "arm's

length".

10

Area of business of the entity(ies).

Not applicable as this is a specific asset

sale as mentioned above.

11

Rationale for slump sale.

Not applicable as this is a specific asset

sale as mentioned above.

12

In case of cash consideration - amount

Rs. 130 crore

or otherwise share exchange ratio.

13

Brief details of change in shareholding

No change in the shareholding pattern of

pattern (if any) of listed entity.

the listed entity.