Websol Energy System Converts 12.10 Lakh Warrants Into 1.21 Crore Equity Shares
Websol Energy System Limited completed conversion of 12.10 lakh warrants into 1.21 crore equity shares, receiving Rs 48.10 crore from promoter group entity Websol Green Projects Private Limited. The Board approved the allotment on March 13, 2026, with shares issued at Rs 53 each following stock split adjustments. The company's paid-up capital increased to Rs 43.42 crore consisting of 43.42 crore equity shares of Re 1 each.
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Websol Energy System Limited has completed a significant warrant conversion exercise, allotting 1.21 crore equity shares to its promoter group entity following Board approval on March 13, 2026. The conversion represents the culmination of a preferential allotment process that began in September 2024.
Warrant Conversion Details
The Board of Directors approved the conversion of 12.10 lakh warrants into 1.21 crore equity shares of face value Re 1 each. The conversion was executed at Rs 53 per equity share, including a premium of Rs 52 per share, following adjustments made due to a stock split implemented on November 14, 2025.
| Parameter | Details |
|---|---|
| Warrants Converted | 12.10 lakh |
| Equity Shares Allotted | 1.21 crore |
| Issue Price per Share | Rs 53 |
| Premium per Share | Rs 52 |
| Face Value per Share | Re 1 |
| Amount Received | Rs 48.10 crore |
Stock Split Impact
The original warrants were issued at Rs 530 per warrant in September 2024, with each warrant initially convertible into one equity share. However, following the stock split effective November 14, 2025, warrant holders became eligible to receive 10 equity shares against each warrant conversion. This adjustment modified the nominal value from Rs 10 per share to Re 1 per share.
Financial Transaction Structure
Websol Green Projects Private Limited, the sole allottee from the promoter group, paid Rs 48.10 crore representing 75% of the original issue price. The company had earlier received 25% of the issue price during the initial warrant allotment in September 2024.
| Transaction Component | Amount |
|---|---|
| Initial Payment (25%) | Rs 132.50 per warrant |
| Conversion Payment (75%) | Rs 397.50 per warrant |
| Total Amount Received | Rs 48.10 crore |
| Original Issue Price | Rs 530 per warrant |
Capital Structure Changes
Following the warrant conversion, Websol Energy System's paid-up equity share capital increased to Rs 43.42 crore, comprising 43.42 crore fully paid-up equity shares of Re 1 each. The newly allotted shares rank pari passu with existing equity shares, providing equal rights and privileges to the holder.
Regulatory Compliance
The conversion was executed in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulatory frameworks. The company completed all necessary disclosures under Regulation 30 of SEBI Listing Regulations, ensuring full compliance with listing obligations and disclosure requirements.
Historical Stock Returns for Websol Energy System
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +15.54% | +18.65% | -6.94% | -51.72% | -92.77% | +1,207.22% |
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