Welspun India Ltd. has informed that the Board of Directors of the company at its meeting held on May 15, 2013, has recommended a dividend at the rate of 20% or INR 2 per equity share having nominal value of INR 10 for the financial year 2012-2013. The dividend will be paid to the shareholders on August 05, 2013.

Welspun India Ltd. reported consolidated earnings results for the fourth quarter and consolidated and standalone earnings results for the full year ended March, 2013. For the quarter, on consolidated basis, the company reported a net profit of INR 538.2 million against that of INR 424.2 million earned in the same period last year. For the full year, profit after tax was INR 2,248.2 million against loss after tax of INR 134 million a year ago. Revenue was INR 36,473 million against INR 32,194 million a year ago. EBITDA was INR 6,438 million against INR 4,122 million a year ago. For the full year, the standalone net profit rose to INR 1,714.0 million from INR 1,171.1 million in full year 2012.

Welspun India Ltd., Board Meeting, May 15, 2013. Agenda: To consider and take on record the audited financial statements of the company, on standalone as well as consolidated basis, for the year ended March 31, 2013; and to consider recommendation of dividend on equity shares for the year ended on March 31, 2013.