With reference to its intimation dated February 21, 2024 regarding the cancellation of order by the customer. Welspun Tubular LLC, the Company’s subsidiary in USA, has filed a suit against the customer to recover the cancellation charges, raw material cost etc. Pursuant to the requirements of Regulation 30 SEBI Listing Regulations read with Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (‘Circular’), Welspun Corp has informed that it enclosed the details of the litigation.
The above information is a part of company’s filings submitted to BSE.
