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Welspun Enterprises confirms no deviation in proceeds from convertible warrants issuance
04-Aug-2026, 09:04
Welspun Enterprises Limited informed the BSE Limited and National Stock Exchange of India Limited that there was no deviation or variation in the utilisation of proceeds from the issuance of convertible warrants during the quarter ended June 30, 2026. The company, which raised Rs 1,000 crore through a preferential issue on October 15, 2025, received Rs 250 crore as an upfront consideration, which remains unutilized as of June 30, 2026, with the remaining Rs 750 crore expected upon exercise of conversion options by warrant holders.
Welspun Enterprises Limited informed the BSE Limited and National Stock Exchange of India Limited that there was no deviation or variation in the utilisation of proceeds from the issuance of convertible warrants during the quarter ended June 30, 2026. The company, which raised Rs 1,000 crore through a preferential issue on October 15, 2025, received Rs 250 crore as an upfront consideration, which remains unutilized as of June 30, 2026, with the remaining Rs 750 crore expected upon exercise of conversion options by warrant holders.