Websol Energy System Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was submitted to both the National Stock Exchange of India Limited and BSE Limited on April 09, 2026.

Regulatory Compliance Details

The certificate was prepared by R&D Infotech Private Limited, serving as the company's Registrar and Share Transfer Agent. The document confirms that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed and confirmed to the depositories.

Certificate Confirmation

R&D Infotech Private Limited, in its capacity as the registrar, confirmed several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• All security certificates received were properly mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed

Stock Exchange Filing

The compliance certificate was simultaneously filed with both major Indian stock exchanges where Websol Energy System Limited is listed.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in the handling of dematerialised securities and maintaining proper records as mandated by SEBI regulations.

Websol Energy System has submitted additional details to BSE regarding the resignation of Independent Director Mrs. Ritu S. Jain, following regulatory requirements under SEBI (LODR) Regulations, 2015. The resignation became effective on April 8, 2025.

Resignation Timeline and Legal Framework

The resignation process followed a specific timeline governed by statutory requirements:

According to Section 168(2) of the Companies Act, 2013, a director's resignation takes effect from the date the company receives notice or the date specified by the director, whichever is later. In this case, the effective date was April 8, 2025, when the company formally received the resignation intimation.

Reasons for Resignation

Mrs. Ritu S. Jain, holding DIN: 00534451, cited specific reasons for her departure from the board:

• Time constraints preventing her from fulfilling her role effectively
• Professional commitments that limited her availability
• Belief that stepping down was in the best interests of both the company and herself

In her resignation letter, Mrs. Jain confirmed that there were no other material reasons for her resignation beyond those mentioned, in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Management Response and Delay Explanation

The company explained the delay in filing the resignation details, stating that management initially engaged in discussions with Mrs. Jain regarding her continuation as an Independent Director. The management valued her expertise and the contributions she could bring to the company's board.

However, due to her professional commitments and time constraints, Mrs. Jain conveyed her inability to continue in the role and requested the management to accept her resignation. After thorough discussions, the management accepted her decision.

Regulatory Compliance

The company confirmed that Mrs. Ritu S. Jain was not holding any directorship in any other listed company on the date of her resignation. This confirmation was provided through a formal declaration and supported by Director's Master Data from the MCA portal.

The filing was made pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with the company ensuring all required documentation, including the resignation letter, was properly submitted to the stock exchange.

Corporate Governance Impact

Mrs. Jain expressed gratitude to her fellow board members for their continuous support and guidance during her tenure. She acknowledged that serving as a board member of Websol Energy System Limited was a privilege, indicating a positive working relationship despite her departure.

The company has assured stakeholders that all material information will be communicated in due course, maintaining transparency in its corporate governance practices.