Shareholding Pattern under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

1 Name of the Entity : Welspun Limited

2 Scrip Code / Name of Scrip / Class of security: BSE Code : 514162 NSE Code : WELSPUNIND Class : Equity

3 Shareholding Pattern filed under : Reg. 31(1)(a) / Reg. 31(1)(b) / Reg. 31(1)(c ) a. If under 31(1)(b) then indicate the report for Quarter ending 30.06.2020 b. If under 31(1)(c) then indicate the date of allotment / extinguishment

4 Declaration : The Listed entity is required to submit the following declaration to the extent of submission of information:-

Particulars Yes* No* 1 Whether the Listed Entity has issued any partly paid up shares? No 2 Whether the Listed Entity has issued any Convertible securities or warrants? No 3 Whether the Listed Entity has any shares against which depository receipts are issued? No 4 Whether the Listed Entity has any shares in locked-in? No 5 Whether any shares held by promoters are pledge or otherwise encumbered ? No 6 Whether company has equity shares with differential voting rights? No 7 Whether the listed entity has any significiant beneficial owner? Yes

* If the Listed Entity selects the option 'No' for the questions above, the columns for the partly paid up shares, Outstanding, Convertible Securities / Warrants, depository receipts, Locked-in shares, No of shares pledged or otherwise encumbered by promoters, as applicable, shall not be displayed at the time of dissemination on the Stock Exchange website. Also wherever there is 'No' declared by Listed Entity in above table the values will be considered as 'zero' by default on submission of the format of holding of specified securities.

The tabular format for disclosure of holding of specified securities is as follows: Table I- Summary Statement holding of specified securities Category Category of Number of No. of fully paid No of partly No of Shares Total nos. of Shareholding as a Number of Voting Rights held in each class of securities No. of Shares Shareholding as a % Number of Locked-in Number of Shares pledged Number of (i) Shareholder Shareholders up equity shares paid up equity underlying Shares held % of total no. of (ix) Underlying assuming full Shares or otherwise encumbered equity shares (ii) (iii) held shares held Depository (vii)=(iv)+(v)+(vi) shares (calculated Outstanding conversion of (xii) (xiii) held in (iv) (v) Receipts as per SCRR, 1957) convertible convertible securities dematerialized (vi) (viii) No of Voting Rights Total as a % securities (as a percentage of No. No. form As a % of (including diluted share capital) (xiv) of (a) As a % of (a) As a % of (A+B+C2) warrants) (xi)=(vii)+(x) (A+B+C) total shares total shares (x) As a % of (A+B+C2) held held Class : Equity Class : NA Total (b) (b) (A) Promoter & Promoter Group 7 692,170,933 - - 692,170,933 68.89 692,170,933 - 692,170,933 68.89 ------692,170,933 (B) Public 77,020 312,554,217 - - 312,554,217 31.11 312,554,217 - 312,554,217 31.11 ------308,739,847 (C ) Non- Promoter- Non Public ------(C 1) Shares underlying DRs - - - - - NA - - - - - NA - - - - - (C 2) Shares held by Employee Trusts ------Total 77,027 1,004,725,150 - - 1,004,725,150 100.00 1,004,725,150 - 1,004,725,150 100.00 ------1,000,910,780 Table II- Summary Statement holding of the Promoter and the Promoter Group Category Category of Number of Number of Locked-in Shares (i) Shareholder Shareholders Number of Voting Rights held in each class of securities No. of Shares Shareholding as a % (xii) Number of Shares pledged or (ii) (iii) Shareholding as a % (ix) Underlying assuming full otherwise encumbered (xiii) No of Fully paid No of partly of total no. of shares Outstanding conversion of Number of equity No of Shares underlying Total nos. of up equity shares paid up equity (calculated as per convertible convertible securities shares held in PAN Number Depository Receipts Shares held held shares held SCRR, 1957) No of Voting Rights securities (as a percentage of dematerialized form (vi) (vii)=(iv)+(v)+(vi) As a % of total As a % of total (iv) (v) (viii) Total as a % of (including diluted share capital) No. No. (xiv) shares held shares held As a % of (A+B+C2) (A+B+C) warrants) (xi)=(vii)+(x) (a) (a) (b) (b) Class : Equity Class : NA Total (x) As a % of (A+B+C2)

(I) (II) (II) (III) (IV) (V) 1 Indian (a) Individuals/Hindu undivided Family 5 5 3,444,010 3,444,010 0.34 3,444,010 - 3,444,010 0.34 ------3,444,010 ------(i) Radhika Balkrishan Goenka ANEPG0498F 1 2,008,600 - - 2,008,600 0.20 2,008,600 0 2,008,600 0.20 ------2,008,600 (ii) Dipali B. Goenka AEOPG4886L 1 750,400 - - 750,400 0.07 750,400 0 750,400 0.07 ------750,400 (iii) Balkrishan Gopiram Goenka AEOPG4891D 1 490,660 - - 490,660 0.05 490,660 0 490,660 0.05 ------490,660 (iv) B. K. Goenka (HUF) AACHB9482P 1 193,320 - - 193,320 0.02 193,320 0 193,320 0.02 ------193,320 (v) Rajesh R. Mandawewala AACPM2601D 1 1,030 - - 1,030 0.00 1,030 0 1,030 0.00 ------1,030 (b) Central Government / State Government (s) ------(c ) Financial Institutions/ Banks ------(d) Any Other (specify) 2 688,726,923 688,726,923 68.55 688,726,923 - 688,726,923 68.55 ------688,726,923 Trust (i) Balkrishan Gopiram Goenka (Welspun AAATW3935E 1 683,302,903 683,302,903 68.01 683,302,903 683,302,903 68.01 683,302,903 Group Master Trust)* Bodies Corporate (i) Aryabhat Vyapar Private Limited AARCA4935E 1 5,424,020 - - 5,424,020 0.54 5,424,020 - 5,424,020 0.54 ------5,424,020 ------Sub-Total (A)(1) 7 692,170,933 - - 692,170,933 68.89 692,170,933 0 692,170,933 68.89 - - - - 692,170,933

2 Foreign Individuals (Non-Resident (a) Individuals/ Foreign Individuals) ------(b) Government ------(c ) Institutions ------(d) Foreign Portfolio Investor ------(e ) Any Other (specify) ------Bodies Corporate ------

Sub-Total (A)(2) ------

Total Shareholding of Promoter and Promoter Group (A)= (A)(1)+(A)(2) 7 692,170,933 - - 692,170,933 68.89 692,170,933 0 692,170,933 68.89 - - 0.00 0.00 0.00 0.00 692,170,933

Details of Shares which remain unclaimed may be given here along with details such as number of shareholders, outstanding shares held in demat/unclaimed suspense account, voting rights which are frozen etc.: NIL

Note: (1) PAN would not be displayed on website of Stock Exchange(s). (2) The term “Encumbrance” has the same meaning as assigned under regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Table III- Statement showing shareholding pattern of the Public Shareholder Number of Voting Rights held in each class of Number of Locked-in Shares Number of Shares pledged Shareholding as a % No of Shareholding as a % securities No. of Shares (xii) or otherwise encumbered Number of assuming full conversion No of Fully paid No of partly Shares of total no. of shares (ix) Underlying (xiii) equity shares Category of of convertible securities Category Number of up equity shares paid up underlying Total nos. of Shares (calculated as per Outstanding held in Shareholder PAN Number (as a percentage of diluted As a % of (i) Shareholders (iii) held equity shares Depository held (vii)=(iv)+(v)+(vi) SCRR, 1957) No of Voting Rights convertible securities As a % of total dematerialized (ii) Total as a % share capital) No. No. total shares (iv) held (v) Receipts (viii) (including warrants) shares held form of (A+B+C) (xi)=(vii)+(x) (a) LOCKED (a) held (vi) As a % of (A+B+C2) (x) (b) (xiv) Class : Equity Class: NA Total As a % of (A+B+C2) (b)

(I) (II) (II) (III) (IV) (V) (VI) (VII) (VIII) 1 Institutions (a) Mutual Funds 9 58,745,251 - - 58,745,251 5.85 58,745,251 - 58,745,251 5.85 - - - NA 58,633,151 DSP SMALL CAP FUND AAAJD0430B 1 32,645,243 - - 32,645,243 3.25 32,645,243 - 32,645,243 3.25 - - - NA 32,645,243 L&T Mutual Fund Trustee Limited-L&T Emerging Businesses Fund AAATC4460E 1 18,749,318 18,749,318 1.87 18,749,318 18,749,318 1.87 18,749,318 (b) Venture Capital Funds ------NA - (c ) Alternate Investment Funds 3 3,769,605 - - 3,769,605 0.38 3,769,605 - 3,769,605 0.38 - - - - NA 3,769,605 (d) Foreign Venture Capital Investors ------NA - ( e) Foreign Portfolio Investors 92 49,897,754 - - 49,897,754 4.97 49,897,754 - 49,897,754 4.97 - - - - NA 49,897,754 (f) Financial Institutions/ Banks 7 22,377,775 - - 22,377,775 2.23 22,377,775 - 22,377,775 2.23 - - - - NA 22,375,275 Life Insurance Corporation of India AAACL0582H 1 19,219,736 - - 19,219,736 1.91 19,219,736 - 19,219,736 1.91 - - - - NA 19,219,736 (h) Insurance Companies ------NA - (i) Provident Funds/ Pension Funds ------NA - (j) Any Other (specify) - UTI 1 140 - - 140 0.00 140 - 140 0.00 - - - - NA ------NA Sub-Total (B)(1) 112 134,790,525 - - 134,790,525 13.42 134,790,525 - 134,790,525 13.42 ------134,675,785

2 Central Government/ State Government(s)/ President of India ------NA - Sub-Total (B)(2) ------

3 Non-institutions (a) Individuals - i. Individual shareholders holding nominal share capital up to Rs. 2 73,053 68,787,687 - - 68,787,687 6.85 68,787,687 - 68,787,687 6.85 ------65,296,857 lakhs. ii. Individual shareholders holding nominal share capital in excess 42 50,137,878 - 50,137,878 4.99 50,137,878 - 50,137,878 4.99 ------50,137,878 Rs. 2 lakhs. a (b) NBFCs registered with RBI 3 1,557,500 - - 1,557,500 0.16 1,557,500 - 1,557,500 0.16 ------1,557,500 (c ) Employee Trusts ------(d) Overseas Depositories ------(holding DRs) (balancing figure) (e ) Any Other (specify) 3,810 57,280,627 - - 57,280,627 5.70 57,280,627 - 57,280,627 5.70 - - - - 57,071,827 TRUST 2 1,335 - - 1,335 0.00 1,335 - 1,335 0.00 ------1,335 IEPF 1 2,038,646 2,038,646 0.20 2,038,646 2,038,646 0.20 ------2,038,646 - - Hindu Undivided Family 1,585 4,630,224 - - 4,630,224 0.46 4,630,224 - 4,630,224 0.46 ------4,630,224 Directors and Relatives 1 2,500 - - 2,500 0.00 2,500 - 2,500 0.00 ------2,500 Foreign Companies ------Non Resident Indians (Non Repat) 389 843,335 - - 843,335 0.08 843,335 - 843,335 0.08 ------843,335 Non Resident Indians (Repat) 1,060 2,281,283 - - 2,281,283 0.23 2,281,283 - 2,281,283 0.23 ------2,097,673 Unclaimed Shares 1 334,570 - - 334,570 0.03 334,570 - 334,570 0.03 - - - - 334,570 Overseas Bodies Corporate ------Clearing Members 158 2,689,855 - - 2,689,855 0.27 2,689,855 - 2,689,855 0.27 ------2,689,855 Bodies Corporate 613 44,458,879 - 44,458,879 4.42 44,458,879 - 44,458,879 4.42 ------44,433,689 Sub-Total (B)(3) 76,908 177,763,692 - - 177,763,692 17.69 177,763,692 - 177,763,692 17.69 ------174,064,062 Total Public Shareholding (B)= (B)(1)+(B)(2)+(B)(3) 77,020 312,554,217 - - 312,554,217 31.11 312,554,217 - 312,554,217 31.11 ------308,739,847 Details of the shareholders acting as persons in Concert including their Shareholding (No. and %): A separate sheet is attached 312554217

Details of Shares which remain unclaimed may be given hear along with details such as number of shareholders, outstanding shares held in demat/unclaimed suspense account, voting rights which are frozen etc..

No. of shareholders Outstanding shares in unclaimed suspense account 1 334,570 The voting rights on these shares shall remain frozen till the rightful owner of such shares claims the shares.

Note: 1) PAN would not be displayed on website of Stock Exchange(s). (2) The above format needs to be disclosed along with the name of following persons: Institutions/Non Institutions holding more than 1% of total number of shares. (3) W.r.t. the information pertaining to Depository Receipts, the same may be disclosed in the respective columns to the extent information available and the balance to be disclosed as held by custodian, Table IV- Statement showing shareholding pattern of the Non Promter-Non Public Shareholding Number of Locked- Number of Shares Shareholding as Number of Voting Rights held in each class of No. of Shares Shareholding as a % in Shares pledged or a % of total no. securities Underlying assuming full Number of No of Fully No of Shares (xii) otherwise No of partly of shares (ix) Outstanding conversion of equity shares Number of paid up underlying Total nos. of encumbered (xiii) Category Category of paid up equity (calculated as convertible convertible securities held in Shareholders equity shares Depository Shares held As a % of As a % (i) Shareholder (ii) shares held per SCRR, 1957) securities (as a percentage of dematerialized (iii) held Receipts (vii)=(iv)+(v)+(vi) No of Voting Rights total of total (v) (viii) Total as a % (including diluted share capital) No. No. form (iv) (vi) shares shares As a % of of (A+B+C) warrants) (xi)=(vii)+(x) (a) (a) (xiv) held held (A+B+C2) Class : Equity Class: NA Total (x) As a % of (A+B+C2) (b) (b) 1 Custodian/DR Holder ------NA - (a) ------NA - 2 Employee Benefit Trust (under SEBI (Share based ------NA - Employee Benefit) (a) Name (abc… Total Non-Promoter- Non Public Shareholding ------NA - (C)= (C)(1)+(C)(2) Note 1) PAN would not be displayed on website of Stock Exchange(s). (2) The above format needs to disclose name of all holders holding more than 1% of total number of shares (3) W.r.t. the information pertaining to Depository Receipts, the same may be disclosed in the respective columns to the extent information available, List of Promoter and Promoter Group pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 Sr. No. Name Promoter / Promoter Group 1 Balkrishan Goenka Promoter 2 Rajesh Mandawewala Promoter 3 Dipali Goenka Promoter 4 Master Trust Promoter 5 Radhika Goenka Promoter Group 6 Vanshika Goenka Promoter Group 7 Pratima Mandawewala Promoter Group 8 Ramesh Mandawewala Promoter Group 9 Sitadevi Mandawewala Promoter Group 10 Abhishek Mandawewala Promoter Group 11 Yash Mandawewala Promoter Group 12 Limited Promoter Group 13 Welspun Tradings Limited Promoter Group 14 Welspun Wasco Coatings Private Limited Promoter Group 15 Welspun Mauritius Holding Limited Promoter Group 16 Welspun Middle East Pipe Company LLC Promoter Group 17 Welspun Middle East Pipe Coatings Company LLC Promoter Group 18 Welspun Middle East DMCC Promoter Group 19 Welspun Tubular LLC Promoter Group 20 Welspun Global Trade LLC Promoter Group 21 Welspun Pipes Inc Promoter Group 22 Limited Promoter Group 23 Nakoda Cotton Industries Private Limited Promoter Group 24 Anjar Integrated Textile Park Developers Private Limited Promoter Group 25 Welspun Anjar SEZ Limited Promoter Group 26 Welspun Global Brands Limited Promoter Group 27 Welspun Zucchi Textiles Limited Promoter Group 28 Welspun Captive Power Generation Limited Promoter Group 29 Koolkanya Private Limited Promoter Group 30 Welspun Flooring Limited Promoter Group 31 Besa Developers and Infrastructure Private Limited Promoter Group 32 Welspun Advanced Materials (India) Limited Promoter Group Welspun Innovative Products Limited (Previously known as Welspun Advanced Promoter Group 33 Materials Limited) 34 Welspun Nexgen Inc. USA Promoter Group 35 Welspun USA Inc. Promoter Group 36 Pure Sense Organics Myanmar Limited Promoter Group 37 Welspun Enterprises Limited Promoter Group 38 Welspun Natural Resources Private Limited Promoter Group 39 MSK Projects (Himmatnagar Bypass) Private Limited Promoter Group 40 MSK Projects (Kim Mandvi Corridor) Private Limited Promoter Group 41 ARSS Bus Terminal Private Limited Promoter Group 42 Dewas Waterprojects Works Private Limited Promoter Group 43 Welspun Build‐Tech Private Limited Promoter Group 44 Welspun Delhi Meerut Expressway Private Limited Promoter Group 45 MBL (CGRG) Road Limited Promoter Group 46 MBL (GSY) Road Limited Promoter Group 47 RGY Roads Private Limited Promoter Group 48 Corbello Trading Private Limited Promoter Group 49 Chikhali ‐ Tarsod Highways Private Limited Promoter Group 50 Welsteel Enterprises Private Limited Promoter Group 51 DME Infra Private Limited Promoter Group 52 Grenoble Infrastructure Private Limited Promoter Group 53 Welspun Sattanathapuram Nagapattinam Road Private Limited Promoter Group 54 Welspun Road Infra Private Limited Promoter Group 55 Welspun Amravati Highways Private Limited Promoter Group Adani Welspun Exploration Limited (Welspun Natural Resources Private Limited Promoter Group 56 holds 35% and is an associate company) 57 Welspun Aunta‐ Simaria Project Private Limited Promoter Group 58 Welspun Infrafacility Private Limited Promoter Group 59 MGN Agro Properties Private Limited Promoter Group 60 Welspun Realty Private Limited Promoter Group 61 Dahej Infrastructure Private Limited Promoter Group 62 Veremente Enterprise Private Limited Promoter Group 63 Welspun Investments and Commercials Limited Promoter Group 64 Rank Marketing LLP Promoter Group 65 Rajlok Diagnostic Systems Private Limited Promoter Group 66 DBG Estates Private Limited Promoter Group 67 Sequence Apartments Private Limited Promoter Group 68 Friends Connections Private Limited Promoter Group 69 Diameter Trading Private Limited Promoter Group WELSPUN REAL ESTATE AND INFRA DEVELOPERS PRIVATE LIMITED (Formerly Promoter Group 70 Welspun Finholdco Private Limited) 71 Astronomical Logistics Private Limited Promoter Group 72 Trueguard Realcon Private Limited Promoter Group 73 Alphaclarte Multiveneture Private Limited Promoter Group 74 Aryabhat Vyapar Private Limited Promoter Group 75 Polaire Tradeco Private Limited Promoter Group 76 Alphaclarte Trading Private Limited Promoter Group 77 Finetone Realtors Private Limited Promoter Group 78 Welspun Real Estate Ventures LLP Promoter Group 79 Welspun Logistics Limited Promoter Group 80 Methodical Investment and Trading Company Private Limited Promoter Group 81 Welspun Multiventures LLP Promoter Group 82 Welspun Financial Services Limited Promoter Group Welspun One Logistics Park Private Limited (Previouslg known as One Industrial Promoter Group 83 Spaces Private Limited) 84 Welspun Steel Resources Private Limited Promoter Group 85 Park Private Limited Promoter Group 86 Welspun Solar Park Private Limited Promoter Group 87 Welspun Energy Orissa Private Limited Promoter Group 88 SUIL Hydro Power Private Limited Promoter Group 89 Welspun Energy Thermal Pvt.Ltd. Promoter Group 90 Krishiraj Renewables Energy Private Limited Promoter Group 91 Krishiraj Solar Rajasthan Private Limited Promoter Group 92 Krishiraj Solar Energy Private Limited Promoter Group 93 Krishiraj Solar MP Private Limited Promoter Group 94 Krishiraj Solar Energy Maharashtra Private Limited Promoter Group 95 Welspun Steel Limited Promoter Group 96 Welspun Specialty Solutions Limited (Erstwhile RMG Alloy Steel Limited) Promoter Group 97 Giant Realty Pvt.Ltd Promoter Group 98 Mandawewala Enterprises Ltd Promoter Group 99 Mertz Estates Limited Promoter Group 100 MGN Estates Pvt.Ltd Promoter Group 101 AYM Syntex Limited Promoter Group 102 Taipan Estates Private Limited Promoter Group 103 Babasu Realty Private Limited Promoter Group 104 Connective Infrasructure Private Limited Promoter Group 105 Angel Power and Steel Private Limited Promoter Group 106 Totsol Commercial Private Limited Promoter Group 107 RRM Realty Trader P.L Promoter Group 108 Yura Realties Pvt.Ltd Promoter Group 109 YRM Estates Pvt.Ltd Promoter Group 110 Arah Realties Private Limited Promoter Group Details of holding/exercise of right of the SBO in the Details of SBO Details of the registered owner reporting company, whether direct or indirect*:

Date of creation Whether by virtue of : / acquisition of Sr. No. significant Nationality Nationality beneficial Passport Passport Rights on (applicable (applicable distributabl interest No. in case No. in case Exercise of Name PAN Nationality in case of Name PAN Nationality in case of Voting e dividend Exercise of foreign of foreign Shares significant any other any other rights or any of Control national national influence selected selected other distribution

Balkrishan Goenka, PAN - AEOPG4891D ,Dipali Goenka, Balkrishan Goenka, Trustee 1 PAN - AEOPG4886L, Rajesh R. AAATW3935E India of Welspun Group Master AAATW3935E India 68.01 No No 2-27-2018 Mandawewala, PAN - Trust AACPM2601D 2 Balkrishan Goenka AEOPG4891D India Balkrishan Goenka AEOPG4891D India 0.05 No No 1-17-1985 3 Dipali Goenka AEOPG4886L India Dipali Goenka AEOPG4886L India 0.07 No No 8-5-2003 Balkrishan Goenka, PAN - AEOPG4891D ,Dipali Goenka, 4 PAN - AEOPG4886L, Rajesh R. AAATW3935E India Aryabhat Vyapar Private LimitedAARCA4935E India 0.54 No No 7-30-2019 Mandawewala, PAN - AACPM2601D