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Welspun Corp Ltd

Business Update - March 17 2023

05:23 PM, 17th Mar 2023

This is in furtherance of our disclosure dated February 6 2023. We hereby inform you that the Honble National Company Law Tribunal Ahmedabad Bench has pronounced its order approving the resolution plan submitted by the consortium of Propel Plastic Products Private Limited a wholly owned subsidiary of Welspun Corp Limited (WCL) and Plastauto Private Limited (earlier known as Tubular Pipes Private Limited) a related party of WCL (together Consortium) in respect of the corporate insolvency resolution process of Sintex-BAPL Limited on March 17 2023. The above is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 and the Companys Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.

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