Welspun India Limited has entered into joint venture with Sense Organics Import & Trading GmbH, Germany (“SOIT”) and has acquired 51% of the share capital, at, par, of Pure Sense Organics Myanmar Limited (“PSOML”), a company incorporated under the Myanmar Companies Act 2018 on January 24, 2018 and will be investing amounts upto US$ 140,000 during year 2019 as a part of the Company’s sustainable sourcing strategy. Neither SOIT nor PSOML are related parties of the Company.