Welspun Corp to Voluntarily Delist Shares from Calcutta Stock Exchange

Welspun Corp Limited has announced that its board, in a meeting held on March 21, 2025, approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE). The decision was made under Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021, which allows companies to delist without providing an exit opportunity if the exchange has no active trading platform. 

The company stated that shareholders will not be affected by this move.

Shares to Remain Listed on NSE and BSE

Despite the delisting from CSE, Welspun Corp will continue to remain listed on the National Stock Exchange (NSE) and BSE Limited. Both exchanges have nationwide trading terminals, providing continued access for investors.

Transaction and Fund Utilisation

Welspun Corp recently completed the sale of a 74% equity stake in its wholly-owned subsidiary, Nauyaan Shipyard Pvt Ltd (NSPL). The company received a total of ₹476.39 crore from the transaction, of which ₹382.73 crore was for equity and ₹93.66 crore for dues. Following the sale, NSPL ceased to be a subsidiary and was reclassified as an associate company.

Debt Repayment Plan

The company plans to use the cash received from the NSPL transaction along with treasury reserves to reduce its debt. As of now, ₹725 crore has already been prepaid. Welspun Corp has set a target to prepay a total of ₹1,000 crore in debt by March 31, 2025.

Share Price Performance 

On March 24, 2025, Welspun Corp shares reached a 52-week high of ₹900. At 9:18 AM, the stock was trading at ₹898.20 on the BSE, up 2.12%. The company’s share price has risen 74% over the past nine months. Current market capitalisation stands at ₹23,564.22 crore.

Conclusion

Shareholders do not require an exit opportunity due to CSE’s absence of an active trading platform. The company assures that this decision will not impact investors, as their shares will continue to trade on the BSE and NSE, ensuring nationwide accessibility.

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