MASTER TRUST Address: 7th Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (West), -400 013. Mail Id- [email protected]

To, May 28, 2020

Bombay Stock Exchange Ltd. National Stock Exchange of Limited (Scrip Code-532144) Ltd. Welspun City, Department of Listing, (Symbol: WELCORP) Village Versamedi, P. J. Towers, Dalal Street, Exchange Plaza, Taluka Anjar, Mumbai – 400 001. Bandra-Kurla Complex, District Kutch Bandra (E), Mumbai – 400 051. Gujarat-370 110

Dear Sirs,

Sub: Disclosure pursuant to Regulations 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 Corp Limited (“WCL”), 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 Corp Limited (“WCL”) 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. whose total holding (including that in the form of shares, warrants, convertible securities and any other instrument that would entitle the holder to receive shares in the TC) is more than 25% of the voting rights of the TC

OR b. Name(s) of promoter(s), member As per Annexure ‘A’ of the promoter group and PAC with him. 4. Particulars of the shareholding of Number of % w.r.t. total % of total diluted person(s) mentioned at (3) above shares share share/voting /voting capital of TC (*) capital wherever applicable As of March 31st of the year, holding of: a. Shares Promoter & Promoter Group 12,38,88,165 47.49% 47.49% Co-Promoters 40,10,850 1.54% 1.54% b. Voting Rights (Otherwise than by N.A. N.A. N.A. shares) c. Warrants N.A. N.A. N.A. d. Convertible Securities N.A. N.A. N.A. e. Any other instrument that would N.A. N.A. N.A. entitle the holder to receive shares in the TC Total 12,78,99,015 49.03% 49.03%

Annexure ‘A’

Part-B-Name(s) of Promoter(s) and member(s) of the Promoter Group as on 31st March, 2020

Sr. Promoter / No. Name Promoter Group PAN 1 Balkrishan Goenka Promoter AEOPG4891D 2 Rajesh Mandawewala Promoter AACPM2601D 3 Dipali Goenka Promoter AEOPG4886L 4 Welspun Group Master Trust Promoter AAATW3935E 5 Radhika Goenka Promoter Group ANEPG0498F 6 Vanshika Goenka Promoter Group ARAPG5063F 7 Pratima Mandawewala Promoter Group AACPM0053B 8 Ramesh Mandawewala Promoter Group AAAPM8387Q 9 Sitadevi Mandawewala Promoter Group AACPM5458J 10 Abhishek Mandawewala Promoter Group ALEPM1582E 11 Yash Mandawewala Promoter Group BENPM7877P 12 Welspun Wasco Coatings Private Limited Promoter Group AABCW7083P 13 Welspun Tradings Limited Promoter Group NA 14 Welspun Mauritius Holdings Ltd. Promoter Group NA 15 Welspun Pipes Inc. Promoter Group NA 16 Limited Promoter Group AAACW1259N 17 Welspun Captive Power Generation limited Promoter Group AAACW9592Q 18 Welspun Global brands Limited Promoter Group AAACW5582G 19 Welspun FLooring Limited Promoter Group AABCW7925Q 20 Welspun Anjaz SEZ Ltd Promoter Group AAACW6496R 21 Welspun Zucchi Textiles Limited Promoter Group AAACW2067L 22 Anjar Integrated Textile Park Developer Pvt ltd Promoter Group AABCW1163G 23 Besa Developers and Infrastructure Pvt ltd Promoter Group AADCB3579K 24 Welspun Innovative products Limited Promoter Group AACCW2663A 25 Welspun Advanced Materials (India) Ltd Promoter Group AACCW5563F 26 Pure Sense organics Myanmar limited Promoter Group NA 27 Welspun Nexgen INC Promoter Group NA 28 Welspun USA INC Promoter Group NA 29 Welspun Enterprises Limited Promoter Group AABCM4107C 30 Welspun Natural Resources Private Limited Promoter Group AACW6646F Welspun Projects (Himmatnagar Bypass) Private Limited (Formerly known as MSK Projects (Himmatnagar Bypass) Private Limited)

31 Promoter Group AAECM3909R Welspun Project (Kim Mandvi Corridor) Private Promoter Group AACEM8170G Limited (Formerly known as MSK Projects (Kim Mandvi Corridor) Private Limited)

32 33 ARSS Bus Terminal Private Limited Promoter Group AABCM4107M 34 Dewas Waterprojects Works Private Limited Promoter Group AABCW0186D 35 Welspun Build-Tech Private Limited Promoter Group AAACW7607A Welspun Delhi Meerut Expressway Private Limited 36 Promoter Group AABCW7974R 37 MBL (CGRG) Road Limited Promoter Group AAKCM3302Q 38 MBL (GSY) Road Limited Promoter Group AAKCM3301P 39 RGY Roads Private Limited Promoter Group AAICR3158H 40 Corbello Trading Private Limited Promoter Group AAHCC1081H 41 Chikhali - Tarsod Highways Private Limited Promoter Group AAGCC7473A 42 Welsteel Enterprises Private Limited Promoter Group AACCW2301B 43 DME Infra Private Limited Promoter Group AAGCD7952H 44 Grenoble Infrastructure Private Limited Promoter Group AAHCG3972D Welspun Sattanathapuram Nagapattinam Road Private Limited 45 Promoter Group AACCW2736J 46 Welspun Road Infra Private Limited Promoter Group AACCW2775K 47 Welspun Amravati Highways Private Limited Promoter Group AACCW3266B Welspun Aunta- Simaria Project Private Limited 48 Promoter Group AACCW0907B 49 Welspun Infrafacility Private Limited Promoter Group AACCW5042M 50 Welspun Investments and Commercials Ltd Promoter Group AAACW8345B 51 MGN Agro Properties Private Limited Promoter Group AACCM3422H 52 Welspun Logistics Ltd Promoter Group AAACW6681N 53 Welspun Steel Resources Pvt Ltd Promoter Group AAACW8515H 54 Veremente Enterprises Private Limited Promoter Group AABCW3240N 55 GRG Smart Vehicles Pvt Ltd Promoter Group AAHCG1880G 56 Dahej Infrastructure Private Limited Promoter Group AACCD3143N 57 Welspun Realty Private Limited Promoter Group AAACW6988L 58 Krishiraj Renewables Energy Private Limited Promoter Group AADCK9292L 59 Rank Marketing LLP Promoter Group AATFR8605B 60 Welspun Steel Ltd Promoter Group AAACW5308G 61 Welspun Specialy Solutions Ltd Promoter Group AAACR2121C 62 Welpsun Energy Orissa Pvt Ltd Promoter Group AABCW0280A 63 SUIL Hydro Power Pvt Ltd Promoter Group AASCS0118G 64 Thermal Pvt Ltd Promoter Group AAWCS9024P 65 Welspun Real Estate Ventures LLP Promoter Group AADFW2705P 66 Welspun One Logistics Parks Private Limited Promoter Group AACCO9614R 67 Astronomical Logistics Private Limited Promoter Group AARCA2966P 68 Trueguard Realcon Private Limited Promoter Group AAGCT9251R 69 Alphaclarte Trading Private Limited Promoter Group AARCA4090J 70 Alphaclarte Multiveneture Private Limited Promoter Group AARCA3058N 71 Aryabhat Vyapar Private Limited Promoter Group AARCA4935E Welspun Real Estate and Infra Developers 72 Private Limited Promoter Group AACCW1587B 73 Diameter Trading Private Limited Promoter Group AAGCD1004L 74 Welspun Financial Services Limited Promoter Group AACCW0380Q 75 Sequence Apartments Private Limited Promoter Group AAACS1805J 76 Friends Connections Private Limited Promoter Group AAACF0199A 77 DBG Estates Private Limited Promoter Group AAECR2142K 78 Rajlok Diagnostic Systems Private Limited Promoter Group AABCR7296M 79 Methodical Invt & Trading Co. Pvt Ltd Promoter Group AAACM9528J 80 Koolkanya Private Limited Promoter Group AAHCK1115G 81 Welspun Multiventures LLP Promoter Group AACFW6209K 82 FRANCO AGENCIES Promoter Group AAAFF9540L 83 BKG HUF Promoter Group AACHB9482P 84 BKG Family Trust Promoter Group AAATW3935E 85 B.K. Goenka Family Trust Promoter Group AACTB7540A 86 Rajesh Mandawewala HUF Promoter Group AAATB0698M 87 RRM Family Trust Promoter Group AAACTR7922G 88 Mandawewala Enterprises Limited Promoter Group AAACW7156L 89 AYM Syntex Limited Promoter Group AAACW0489L 90 RRM Realty Trader Private Limited Promoter Group AAICR3223P 91 Yura Realties Private Limited Promoter Group AABCY1537G 92 Arah Realties Private Limited Promoter Group AASCA7014K 93 YRM Estates Private Limited Promoter Group AABCY1521C 94 Polaire Tradeco Private Limited Promoter Group AAKCP1448E 95 RRM Enterprises Private Limited Promoter Group AAJCR9857J 96 Giant Realty Private Limited Promoter Group AACCG8188L 97 MGN Estates Private Limited Promoter Group AACCM3423G

Co -Promoter 1 Intech Metals S.A. Co-Promoter AABCI8116R

For Welspun Group Master Trust (for and on behalf of the Promoter and Promoter Group)