Homegrown Welspun Corp Ltd on Friday (March 21) said its board of directors has approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE).

“This is to inform you that the Board of Directors of the company at its meeting held today i.e. Friday, March 21, 2025, inter alia, considered and approved the proposal for Voluntary Delisting of its Equity Shares from the Calcutta Stock Exchange Limited (CSE) pursuant to Regulation 6 of the SEBI (Delisting of Equity Sharers) regulations, 2021 as amended from time to time where no exit opportunity is required to be provided to the shareholders of the Company…,” according to a stock exchange filing.

Since CSE does not have an active trading platform, no exit opportunity is required for shareholders. The company noted that the move will have no impact on investors, as its shares will continue to be listed on BSE and NSE, ensuring nationwide trading access.

Also Read: Welspun Corp hits all-time high after supply order from the Middle East

“The company will continue to remain listed on the stock exchanges with nationwide trading terminals viz BSE Limited and the National Stock Exchange of India Limited,” it added.

Welspun Corp reported a 127% increase in its December quarter net profit to ₹674.7 crore from the previous year’s ₹297.9 crore. Its revenue from operations declined 23.9% to ₹3,613.5 crore against ₹4,749.7 crore in the last fiscal.

The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also declined 6.1% to ₹434.4 crore in the December quarter from ₹463 crore in the year-ago period. Its EBITDA margin expanded to 12% from 9.8% last year.

Also Read: Welspun Corp gets ₹3,000 crore worth orders for natural gas pipeline projects in US

Shares of Welspun Corp Ltd ended at ₹879.55, down by ₹8.00, or 0.92%, on the BSE.