DOCSLIB.ORG

Weaving Sustainability

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

SCHOOL WEAVING SUSTAINABILITY WELSPUN INDIA LIMITED ANNUAL REPORT 2015-16 FORWARD-LOOKING STATEMENT In this Annual Report, we have disclosed forward looking information to enable investors to comprehend our prospects and take investment decisions. This report and other statements - written and oral - that we periodically make contain forward looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried, wherever possible, to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward looking statements will be realised, although we believe we have been prudent in our assumptions. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should keep this in mind. We undertake no obligation to publicly update any forward looking statement, whether as a result of new information, future events or otherwise. CONTENTS The Welspun India Story 1-43 2015-16 About Welspun India 2 was an exceptional year for your Milestones 4 Global Presence 6 company. We delivered record Our Products and Solutions 8 sales, profits and expanded our Financial Highlights 14 Chairman’s Message 16 business in key growth markets. Sourcing Sustainably 18 We were ranked No. 1 among the Environment Management 20 Spun: Threads with a soul 22 ‘Top 15 Home Supplier Giants Our Strategy 24 to USA’ for the 4th consecutive Welspun 2.0 26 The People Edge 28 year. Our unmatched focus on Corporate Social Value 30 customer centricity, innovation Swachh Welspun Abhiyan 40 Awards & Recognition 42 and technology enabled us Corporate Information 43 to strengthen our leadership position. Governance Reports 44-106 Revenue up by EBIDTA Margin at Management Discussion and Analysis 44 Directors’ Report 64 13% YOY 26% UP BY 202 BPS Corporate Governance Report 94 Profit after tax up by EBIDTA up by Financial 30% YOY YOY Statements 107-205 20% Standalone 107 Consolidated 161 For more information please visit www.welspunindia.com 1 COMPANY OVERVIEW 2 STATUTORY REPORTS 3 FINANCIAL STATEMENTS Welspun India is guided by the belief that sustainability is about crafting material impact for its stakeholders and communities. This helps us understand the rapidly transforming market and prepares us to align our insight to build sustainable business models, communities and environment. As India implements significant initiatives focus on the 3Es - Our overall efforts reflect a policy measures for greater Education, Environment and higher purpose that goes social inclusion, our designs, Health and Empowerment. beyond our products and products, and initiatives Our objective is to seamlessly bottom line. are intertwined for our own integrate our weaves with sustainable future and the the lives of our community Our sustainable operations communities that we operate in. members. result in, not just better value for our stakeholders but also in We strongly believe in the By creating such experiences, improving the society around exciting synergies achieved we ensure our growth positively us and the communities that we from our sustainable business impacts livelihoods and serve. model. They ensure consistent environment. performance, optimal resource allocation and value creation for our stakeholders. Sustainability forms an intrinsic part of our DNA at Welspun India and does not just stop at having a business model that is strongly sustainable for times to come. It is reflected from sourcing cotton responsibly, to the multitude of environment- friendly practices in manufacturing and operations, to our initiatives under the SPUN project. Besides this, our Corporate Social Value (CSV) ABOUT WELSPUN INDIA A part of the US$ 3 billion Welspun Group, Welspun India Limited (WIL) is one of the world’s largest home textile manufacturer. Welspun India is a fully integrated one-stop shop for home textiles. Our product portfolio comprises of towels, bath robes, bath rugs/mats, area rugs, carpets, bed sheets, utility bedding and fashion bedding. With a distribution presence in Our presence across categories 34% more than 50 countries, WIL is helps in cross-selling and provides of FY16 sales was contributed also the largest exporter of home us with the competitive edge as a by innovative products textile products from India and has complete home solution provider developed/ owned by the to our clients. Major global markets company been consistently recognised by TEXPROCIL for last several years. for us constitute US, UK and During FY16 we also became the Europe. Welspun India actively largest exporter of bed linen from engages with emerging markets India. like India, Middle East and China and new markets like Australia, The Company has world-class During FY16 we became the Latin America and the Far East. manufacturing facilities at Anjar largest exporter of bed linen and Vapi in Gujarat. Centered on from India. excellence and transparency, WIL Our revenue growth is driven by has been a trusted partner to 18 volumes from existing and new of the top 30 global retailers such customers, new geographies, as Walmart, Costco, Bed Bath and new product categories and new Beyond, Target, Macy’s, Carrefour channels such as e-commerce, and so on. hospitality and healthcare. What makes us different FULLY INTEGRATED PRODUCT SUSTAINABLE SUPPLY CHAIN DEVELOPMENT BUSINESS MODEL We have a fully backward and & DESIGN Strongly reflected through our forward integrated supply INFRASTRUCTURE efforts right from sourcing cotton chain where we engage with We have state of the art design responsibly to environment the customers on various studios in Mumbai, Anjar, Vapi and friendly practices in manufacturing levels . New York. and operations. ENHANCED BUSINESS FOCUS ON INNOVATION CAPABILITIES TRANSFORMATION AND BRANDING We invested USD 380 mn ACROSS VALUE CHAIN Our customers are at the heart of from 2013-14 to 2015-16 for We are engaging with global our innovation philosophy. 34% modernisation, automation consulting firms to transform our of FY16 sales was contributed by and expansion of our facilities. value chain. innovative products developed/ This investment will help us owned by the company. We have in increasing the capacities 26 patents including pending ones. at required time in the future During FY16, the share of branded without investing too much in sales reached 13% in the overall upgradation. sales of the company. 2 | Welspun India Limited 1 COMPANY OVERVIEW 2 STATUTORY REPORTS 3 FINANCIAL STATEMENTS Few of our global retail partners UNITED STATES INDIA EUROPEAN UNION Bed Bath & Beyond, @Home, HomeTown, Auchan, Carrefour, JYSK, Costco, Home Depot Lifestyle, Shopper’s Stop, Kaufland, LIDL, Rusta Macy’s, Target, All major e-tailers Walmart 1000+ multi brand outlets UNITED KINGDOM ASDA, Debenhams, House of Frazer, John Lewis, Tesco, Sainsbury, Our definitive strengths Since 2005, our textile Welspun India is one of the Currently, our home textile business revenue has posted world’s largest home textile products are exported to over 22% CAGR. manufacturer and supplier. 50 countries and are sold by 18 out of the top 30 global retailers We have 26 global patents Our state-of-the-art such as Walmart, J C Penny and including pending ones. manufacturing facilities are Macy’s. located at Vapi and Anjar in We are certified as a ‘Women’s Gujarat, India. We are also the proud suppliers Business Enterprise’ by of towels to sports tournaments the US-based WEConnect Welspun India has been ranked such as the Wimbledon International. No. 1 among the ‘Top 15 Home Championship, 2015 Rugby Supplier Giants to USA’ for the World Cup and ICC World 1st Indian textiles Company to 4th consecutive year by Home & Twenty20 India 2016. be certified with the Egyptian Textiles Today, a leading industry Cotton Trade Mark. magazine. For the record, every 5th towel sold in the US is manufactured by Welspun India. Annual Report 2015-16 | 3 MILESTONES 2005 Welspun sets up its 2011 manufacturing facility at Anjar, Gujarat. Welspun India Ltd. raised INR 1,560 million through Qualified Institutional Placement. Conferred with Sustainability Award for Process Innovation by Indian Carbon Outlook. 1993 Welspun India sets up its 2008 manufacturing facility at Vapi, Marked our entry into the Rugs Gujarat. category. 2000 2010 Welspun USA incorporated Welspun India Ltd. as a wholly owned demerged its Sales and subsidiary of Welspun India Marketing and Investment Ltd. divisions into two separate companies – Welspun Global Brands Ltd. and Welspun Investments & Commercials Ltd., respectively. 1985 2006 Our journey began as Acquired Christy – the Welspun Winilon Silk most prestigious brand of Mills Pvt. Ltd., a synthetic towels in the UK. yarn business in India. 4 | Welspun India Limited 1 COMPANY OVERVIEW 2 STATUTORY REPORTS 3 FINANCIAL STATEMENTS 2016 Ranked No. 1 among the ‘Top 15 2014 Home Supplier Giants to USA’ for the 4th consecutive year by Home & Textiles Today, a No. 1 Home Textiles exporter leading industry magazine. to the US for the 2nd consecutive year. Expanded the sports portfolio to manufacture towels for Initiated backward Rugby World Cup and ICC T20 integration in Spinning
Recommended publications
  • Draft Letter of Offer This Document Is Important

    Draft Letter of Offer This Document Is Important

    DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is sent to you as a registered / beneficial owner of Equity Shares of Welspun Corp Limited (the “Company”) as on the Record Date (as defined below) in accordance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. If you require any clarifications about the action to be taken, you should consult your stockbroker or investment consultant or the Manager to the Buyback Offer (Axis Capital Limited) or the Registrar to the Buyback Offer (Link Intime India Private Limited). Please refer to the section on ‘Definitions’ for the definitions of the capitalized terms used herein. Welspun Corp Limited CIN: L27100GJ1995PLC025609 Registered Office: Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat-370 110, India. Corporate Office: Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai- 400 013, Maharashtra, India. Tel.: +91 22 6613 6000; Fax: +91 22 2490 8020 E-mail: [email protected]; Website: www.welspuncorp.com Contact Person: Mr. Pradeep Joshi, Company Secretary and Compliance Officer CASH OFFER FOR BUYBACK OF UP TO 28,888,888 FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF RS. 5/- EACH, REPRESENTING APPROXIMATELY 10.89% OF THE TOTAL NUMBER OF EQUITY SHARES IN THE ISSUED, SUBSCRIBED AND PAID- UP EQUITY SHARE CAPITAL OF THE COMPANY, FROM THE EXISTING SHAREHOLDERS / BENEFICIAL OWNERS OF EQUITY SHARES OF THE COMPANY AS ON THE RECORD DATE I.E. JULY 5, 2019, ON A PROPORTIONATE BASIS, THROUGH THE “TENDER OFFER” ROUTE AT A PRICE OF RS.
  • Kutch District Disaster Management Plan 2017-18

    Kutch District Disaster Management Plan 2017-18

    Kutch District Disaster Management Plan 2017-18 District: Kutch Gujarat State Disaster Management Authority Collector Office Disaster Management Cell Kutch – Bhuj Kutch District Disaster Management Plan 2016-17 Name of District : KUTCH Name of Collector : ……………………IAS Date of Update plan : June- 2017 Signature of District Collector : _______________________ INDEX Sr. No. Detail Page No. 1 Chapter-1 Introduction 1 1.01 Introduction 1 1.02 What is Disaster 1 1.03 Aims & Objective of plan 2 1.04 Scope of the plan 2 1.05 Evolution of the plan 3 1.06 Authority and Responsibility 3 1.07 Role and responsibility 5 1.08 Approach to Disaster Management 6 1.09 Warning, Relief and Recovery 6 1.10 Mitigation, Prevention and Preparedness 6 1.11 Finance 7 1.12 Disaster Risk Management Cycle 8 1.13 District Profile 9 1.14 Area and Administration 9 1.15 Climate 10 1.16 River and Dam 11 1.17 Port and fisheries 11 1.18 Salt work 11 1.19 Live stock 11 1.20 Industries 11 1.21 Road and Railway 11 1.22 Health and Education 12 2 Chapter-2 Hazard Vulnerability and Risk Assessment 13 2.01 Kutch District past Disaster 13 2.02 Hazard Vulnerability and Risk Assessment of Kutch district 14 2.03 Interim Guidance and Risk & Vulnerability Ranking Analysis 15 2.04 Assign the Probability Rating 15 2.05 Assign the Impact Rating 16 2.06 Assign the Vulnerability 16 2.07 Ranking Methodology of HRVA 17 2.08 Identify Areas with Highest Vulnerability 18 2.09 Outcome 18 2.10 Hazard Analysis 18 2.11 Earthquake 19 2.12 Flood 19 2.13 Cyclone 20 2.14 Chemical Disaster 20 2.15 Tsunami 20 2.16 Epidemics 21 2.17 Drought 21 2.18 Fire 21 Sr.
  • Independent Evaluation: the DEC Response to the Earthquake in Gujarat January – October 2001

    Independent Evaluation: the DEC Response to the Earthquake in Gujarat January – October 2001

    Independent Evaluation: The DEC Response to the Earthquake in Gujarat January – October 2001 VOLUME ONE Executive Summary 52 Great Portland Street, London, W1W 7HU Tel: +44 20 7580 6550 Fax: +44 20 7580 2854 Website: http://www.dec.org.uk Humanitarian Initiatives, UK [email protected] with Disaster Mitigation Institute, Ahmedabad [email protected] and Mango, UK [email protected] December 2001 2 Independent Evaluation of the DEC Gujarat Earthquake Appeal CONTENTS VOLUME ONE Executive Summary VOLUME TWO VOLUME THREE Full Evaluation Report Sector Reports Map 1 Public opinion research: methodology and findings Acronyms Sarah Routley CONTENTS 2 Shelter Issues 1 Introduction Kirtee Shah 1.1 Earthquakes in India 3 Financial Management 1.2 Social consequences Alex Jacobs 1.3 The DEC Response 1.4 Methodology of the evaluation 4 Review of the Sphere Standards and Indicators 2 The affected area Hugh Goyder 3 The Red Cross Code 1 The humanitarian imperative 2 Aid without discrimination 3 Religion and politics 4 Freedom from external government influence 5 Respect for culture and custom 6 Building on local capacities 7 Involving beneficiaries 8 Reducing future vulnerabilities 9 Accountability 10 Respect for dignity in images 4 Conclusions 5 Summary of learning points Appendices Financial Summary The Red Cross Code of Conduct The Evaluation Team Schedule and persons consulted (outside DEC) Terms of Reference Bibliography 3 Independent Evaluation of the DEC Gujarat Earthquake Appeal Executive summary Tony Vaux, Team Leader Introduction:The evaluation process 1 This evaluation results from a collaboration between eight specialists from three organisations based in India and the UK (for names and background see Appendix Four).
  • 3Rd November 2020 To, the BSE Ltd P.J.Towers, Dalal Street, Mumbai

    3Rd November 2020 To, the BSE Ltd P.J.Towers, Dalal Street, Mumbai

    3rd November 2020 To, The BSE Ltd National Stock Exchange of India Ltd, P.J.Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400001 Bandra (East), Mumbai – 400051. SCRIP CODE: 508933 Symbol: AYMSYNTEX Subject: Disclosure on Related Party Transaction pursuant to Regulation 23(9) of SEBI (LODR) Regulations, 2015 In Compliance with Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) (Amendments) Regulations, 2018, please find attached herewith disclosure on Related Party Transactions, in the format specified in accordance with Ind AS for the half year ended on September 30 , 2020. Please acknowledge and take the same on your record. For AYM Syntex Limited Ashitosh Sheth Company Secretary ACS 25997 AYM Syntex Limited Related party disclosures for the period ended 30 September 2020 (i) Relationships Holding Company Mandawewala Enterprises Limited Key Management Personnel Mr. Abhishek Mandawewala Mrs. Khushboo Mandawewala Chief Financial Officer Himanshu Dhaddha Company Secretary Ashitosh Sheth Relatives Mr. R.R. Mandawewala Mrs. Pratima Mandawewala Mrs. Khushboo Mandawewala Mr. Yash Mandawewala Other Related parties Mertz Estates Limited Welspun Global Brands Limited Welspun Corp Limited Welspun Steel Limited Welspun Flooring Limited Welspun Usa Inc Welspun India Limited (Amounts in ₹ Lakhs) Holding Enterprises over which Key Management Personnel or relatives of such personnel exercise significant influence or control Key Management Personnel Company and with whom transactions have taken place during
  • Annual Report FY 2011-12

    Annual Report FY 2011-12

    Excellence in Engineering…. It is an art; it is a science It requires skill; it requires vision It needs flair; it needs innovation It involves execution …. …. With perfection We are WELSPUN FINANCIAL HIGHLIGHTS (Consolidated) Total Income (Rs. Mn) PAT (Rs. Mn) 92,442 8,000 105,000 6,104 6,330 73,822 81,360 6,000 57,582 40,052 3,408 55,000 4,000 2,135 2,385 2,000 5,000 - 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 Exports/Overseas Revenue (Rs. Mn) Basic EPS (Rs. / Share) 65,000 52,603 52,860 46,139 41.0 41,515 31.7 45,000 30.9 32,750 31.0 20.9 21.0 25,000 11.5 10.9 11.0 5,000 1.0 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 Reported EBITDA (Rs. Mn)@@ Networth (Rs. Mn) @ 49,139* 13,372 ## 14,500 13,784 ### 50,000 11,247 12,500 40,000 33,735 10,500 29,011 # 8,500 6,662 6,535 30,000 6,500 20,000 15,672 15,597 4,500 10,000 2,500 500 1,000 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 EBITDA Margin (%) Fixed Assets (Gross Block- Rs. Mn) 18.1% 20.0% 16.6% 16.9% 100,000 86,957* 12.2% 58,339* 15.0% 11.3% 75,000 10.0% 50,000 40,682 44,248 29,213 5.0% 25,000 0.0% - 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 @@: For FY11 and FY12, Other Income, a part of Reported EBITDA includes Interest Income for the respective years.
  • Report on the Assessment of the Scope of Earthquake Damages to the Livestock Sector in Gujarat State, India

    Report on the Assessment of the Scope of Earthquake Damages to the Livestock Sector in Gujarat State, India

    Food and Agriculture Organization of the United Nations Report on the Assessment of the Scope of Earthquake Damages to the Livestock Sector in Gujarat State, India Submitted by Michael R. Goe Consultant Livestock Production / Disaster Risk Management July 2001 Table of Contents Executive Summary ................................................................................................................. 1 Acknowledgements ................................................................................................................... 2 Abbreviations and Acronyms .................................................................................................. 2 1. Background .......................................................................................................................... 3 2. Impact of Earthquake on Livestock Sector ...................................................................... 5 2.1 Animal Losses ............................................................................................................... 5 2.2 Breakdown in Husbandry Practices ........................................................................... 5 2.3 Animal Health and Disease .......................................................................................... 6 2.4 Secondary Contributing Factors ................................................................................. 6 2.5 Economic Losses ........................................................................................................... 6 3. Livestock
  • District Census Handbook, 7 Kutch

    District Census Handbook, 7 Kutch

    CENSUS 1961 GUJARAT DISTRICT CENSUS HANDBOOK 7 KUTCH DISTRICT R. K. TRIVEDI Superinttndem oj Census Operations, Gujaraf PRICE Rs, 9.60 nP. DISTRICT: KUTCH , I- ~ !i; ts 0:: '( <.!> '( «2: ~ 2: UJ '":::> "' li ,_ I IJ IX I- J 15 i! l- i:! '-' ! iii tii i5 CENSUS OF INDIA 1961 LIST OF PUBLICATIONS CENTRAL GOVERNMENT PUBUCATIONS Census of India. 1961 Volume V-Gujarat is being published in the following parts: I-A General Report I-B Report on Vital Statistics and Fertility Survey I-C Subsidiary Tables II-A General Population Tables II-B(l) General Economic Tables (Tables B-1 to B-IV-C) I1-B(2) General Economic Tables (Tables B-V to B-IX) U-C Cultural and Migration Tables 111 Household Economic Tables (Tables B-X to B-XVII) IV-A Report on Housing and Establishments IV-B Housing and Establishment Tables V-A Tables on Scheduled Castes and Scheduled Tribes V-B Ethnographic Notes on Scheduled Castes and S~heduled Tribes (including reprints) VI Village Survey Monographs {25 Monogra~hsf i " VII-A Selected Crafts of Gujarat VII-B Fairs and Festivals VIII-A Admi nistra tion Report-EnumerationI Not for Sale VIII-B Administration Report-Tabulation IX A tlas Volume X Special Report on Cities STATE GOVERNMENT PUBUCATIONS 17 District Census Handbooks in English 17 District Census Handbooks in Gujarati CONTENTS Pages PREFACE vii-xi ALPHABETICAL LIST OF VILLAGES xiii-xxii PART I (i) Introductory Essay . 1-37 (1) Location and Physical Features, (2) Administrative Set-up, (3) Local Self Government, (4) Population, (5) Housing, (6) Agriculture, (7) Livestock, (8) Irrigation, (9) Co-operation, (10) Economic Activity, (11) Industries and Power, (12) Transport and Communications, (13) Medical and Public Health, (14) Labour and Social Welfare, (15) Price Trends, (16) Community Development.
  • India's Leading & Oldest Solar Media Group

    India's Leading & Oldest Solar Media Group

    India’s Leading & Oldest Solar Media Group Richest & Most Diversified Media Portfolio Content Is The King, Best Content Disemination & Readership Magazine, Newsletter, Newsportal, Conferences, Training Programs , Networking Dinner, Buy-Seller Meets, Jobs, Videos, Tenders, Slideshare Etc... Redership Developed Over 9 Years Of Devoted Work & Presence In The Solar Sector. Readership Which Shows Itself In The Events Organised By EQ Which Has Audience Of Unparalleled Quality & Quantity. Less than 1% Bounce Rate on www.EQMagPro.com Very High Quality Parameter...Not Any Overnight Numbers Rs. 100 All It Takes To Download The Financial Statements Of Various Publications To Know Who Is Printing How Much 100000 + Handpicked Subscribers Over Past 9 Years... Readership Of Unparalleled Quality & Numbers Magazine Which Is Not Just A Trade Journal But Distributed To Big Consumers Of Power, High Tax Payers, Hni’s And Read By Professionals In Other Indian Economic & Business Sectors “Rome Wasn’t built in a day & What’s built in a day is not Rome.” - Tony Horton Some Things Makes Real Sense Only When They Are Matured, Aged & Old Enough. INTERNATIONAL Since 2009 India’s Leading & Oldest Solar Media Group Volume # 9 | Issue # 5 | May 2017 | Rs.5/- India’s Oldest & Leading Solar Media Group Volume # 8 | Issue # 4 | April 2016 | Rs.5/- nuevosol.co.in We once took a step unaware of its consequences! INTERNATIONAL www.EQMagPro.com Now, isn't it time we make a conscious and sustainable choice? FIRST TO DELIVER 1 GWp IN INDIA ~ 3.3 billion USD ~ 4.6 GW > 10 GW total > 1 GW > 14 GW revenue 2015 modules solar project solar plants modules delivered delivered 2015 pipeline built since 2001 CANADIAN SOLAR IS THE #1 BRAND FOR SOLAR MODULES IN INDIA.
  • WELSPUN GROUP MASTER TRUST Address: 7Th Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai-400 013

    WELSPUN GROUP MASTER TRUST Address: 7Th Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai-400 013

    WELSPUN GROUP MASTER TRUST Address: 7th Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai-400 013. Mail Id- [email protected] To, May 22, 2020 Bombay Stock Exchange Ltd. National Stock Exchange of Welspun Investments (Scrip Code-533252) India Ltd. and Commercials Department of Listing, (Symbol: WELINV) Limited P. J. Towers, Dalal Street, Exchange Plaza, Welspun City, Mumbai – 400 001. Bandra-Kurla Complex, Village Versamedi, Bandra (E), Mumbai – 400 051. Taluka Anjar, District Kutch Gujarat-370 110 Dear Sirs, Sub: Disclosure pursuant to Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Please find enclosed herewith disclosure under regulation 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in the prescribed format, in respect of shareholding of the Promoter and Promoter Group of Welspun Investments and Commercials Limited (“WICL”), the Target Company, as on 31st March, 2020. Kindly take the same on records and oblige. Thanking You, Yours faithfully, For Welspun Group Master Trust (for and on behalf of the Promoter and Promoter Group) Encl: As above ANNEXURE – 1 Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Part-A-Details of shareholding 1. Name of the Target Company (TC) Welspun Investments and Commercials Limited (“WICL”) 2. Name(s) of the stock exchange(s) The BSE where the shares of the TC are The National Stock Exchange of India Limited listed 3. Particulars of the shareholder(s) : a. Name of person(s) together with Persons Acting in Concert (PAC) N.A.
  • June 11, 2021 BSE Ltd

    June 11, 2021 BSE Ltd

    June 11, 2021 BSE Ltd. National Stock Exchange of India Ltd. (Scrip Code-514162) (Symbol: WELSPUNIND, Series EQ) Department of Listing, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. Dear Sir/Madam, Subject: Submission of the Letter of Offer pertaining to the proposed buy-back of upto 1,66,66,666 fully paid up equity shares of face value Re. 1/- each (“Equity Shares”) of Welspun India Limited (“Company”) at a price of Rs. 120 per Equity Share for an aggregate consideration not exceeding of Rs. 200 Crore (“Offer Size”) through the tender offer process pursuant to the provisions of Regulation 8(i) of SEBI (Buy-Back of Securities) Regulations, 2018, as amended The Company is undertaking a Buyback, in accordance with the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”), and other applicable laws, if any. In this regard, please find enclosed the soft copy (in pdf version) of the Letter of offer dated June 10, 2021 of the Company in relation to the Buyback Offer (“Letter of Offer”), as Annexure I, for your information and records and for publishing on your website. Please note that the date of opening of the Buy-back Offer is Tuesday, June 22, 2021 and the date of closing of the Buy-back Offer is Monday, July 5, 2021. For more details on dates, please refer the attached Letter of Offer as Annexure I. LOF is being sent to all Shareholders / Beneficial Owners as on the Record Date i.e.
  • India 2020: Utilities & Renewables

    India 2020: Utilities & Renewables

    Deutsche Bank Markets Research Industry Date 19 July 2015 India 2020: Utilities Asia & Renewables India Utilities Utilities Abhishek Puri Research Analyst (+91) 22 7180 4214 [email protected] F.I.T.T. for investors Make way for the Sun India solar power investments could surpass that of coal India has made an exceptional commitment to solar energy by raising its 2022 target five-fold to 100GW and its Renewable Energy target to 175GW. The government has announced an unprecedented policy push and states are providing the necessary infrastructure. Annual investments in solar could surpass investment in coal by 2019-20, with USD 35bn committed by global players. For local IPPs, solar has to be an inherent part of their expansion strategy, as RE obligations become strictly enforceable and cost of coal power increases. NTPC, Adani and RPWR are ahead in this development cycle which adds 10-15% to our current valuations. NTPC is our top pick. ________________________________________________________________________________________________________________ Deutsche Bank AG/Hong Kong Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MCI (P) 124/04/2015. Deutsche Bank Markets Research Asia Industry Date India 19 July 2015 Utilities India 2020: Utilities Utilities FITT Research & Renewables Abhishek Puri Research Analyst Make way for the Sun (+91) 22 7180 4214 [email protected] India solar power investments could surpass that of coal Top picks India has made an exceptional commitment to solar energy by raising its 2022 NTPC Limited (NTPC.BO),INR135.15 Buy target five-fold to 100GW and its Renewable Energy target to 175GW.
  • WELSPUN INDIA LIMITED Registered Office: Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat - 370110

    WELSPUN INDIA LIMITED Registered Office: Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat - 370110

    WELSPUN INDIA LIMITED Registered Office: Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat - 370110 N O T I C E NOTICE is hereby given that the 27th Annual General Meeting of Welspun India Limited will be held on Monday, December 31, 2012 at the Registered Office of the Company at Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat – 370 110 at 11 a.m. to transact the following business : ORDINARY BUSINESS 1) To receive, consider and adopt the Balance Sheet as at March 31, 2012 and the Profit and Loss Account for the year ended on that date and the Reports of Directors’ and Auditors’ thereon. 2) To appoint a director in place of Mr. Ram Gopal Sharma, who retires by rotation, and being eligible, offers himself for re-appointment. 3) To consider and approve re-appointment of M/s. Price Waterhouse, Chartered Accountants having Firm Registration Number 012754N as Statutory Auditors, who retire at the meeting and being eligible, offer themselves for re-appointment. SPECIAL BUSINESS 4) To consider and, if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution : “RESOLVED THAT Mr. Arun Todarwal, whose term of office as an additional director, pursuant to section 260 of the Companies Act, 1956, expires at this Annual General Meeting and in respect of whom the Company has received a notice under section 257 of the Companies Act, 1956 proposing his candidature for the office of a Director, be and is hereby appointed as a director of the Company, liable to retire by rotation.” 5) To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution : “RESOLVED THAT pursuant to Section 314 and other applicable provisions, if any, of the Companies Act, 1956, (the “Act”) (including any statutory modification(s) or re-enactment thereof, for the time being in force), approval of members of the Company be and hereby accorded for appointment of Mrs.