The board of directors of Welspun Corp. Limited meeting held on February 2, 2023, appointed Mr. Manish Chokhani as Non Executive Independent Director of the Company, with effect from February 2, 2023. Mr. Chokhani holds directorship in Laxmi Organic Industries Ltd., Quadrillion Capital Pvt.

Ltd., Sears Securities and Investments Pvt. Ltd., Westlife Foodworld Ltd., Shoppers Stop Ltd., Auxilo Finserv Pvt. Ltd. and Landmark Cars Ltd. and is a partner in Quadrillion Advisors.

As a highly respected financial expert, Mr. Chokhani's valuable experience will further strengthen the diverse skills on the Board. The company looks forward to benefit from his expertise to further expand its value creation initiatives. Appointed for a period of 4 years upto February 1, 2027, subject To Approve the shareholders of the Company, by means of a special resolution.

Mr. Manish Chokhani, aged 56 years, is a member of the Institute of Chartered Accountants of India and holds MBA degree from the London Business School. Currently, Mr. Chokhani serves as an Independent Director on the boards of Westlife Development Limited (McDonalds), Shoppers Stop, Auxilo Finserve Pvt. Ltd., Laxmi Organic Industries Ltd. and Landmark Cars Limited.

He also serves on the Governing body of Flame University. He had served as the Chairman of TPG Growth in India and as Senior Advisor to TPG Group. He had served as a member of the SEBI's Alternative Investment Promotion Advisory Committee and also was a Co-Chairman of the Capital Markets Committee at the IMC.

Also, he was CEO of Enam Securities. In 2011, Mr. Chokhani led merger of USD 400 with Axis Bank to create Axis Capital Ltd. Mr. Chokhani is a member of the Young Presidents' organization. He has been a visiting faculty member at the IIM-Kozhikode and had served on the International Alumni Board and scholarship panels of the London Business School.