Websol Energy System Limited's promoter group has created fresh encumbrances on shares worth 1.84% of the company's total share capital as security for borrowing loans. The disclosure was made on March 11, 2026, in compliance with Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Fresh Share Pledges Created

The promoter group created pledges on a total of 12.00 million shares on March 10, 2026. The encumbrances were distributed across three key promoter entities as security for borrowing loans.

Updated Promoter Holdings and Encumbrances

Following the creation of these fresh pledges, the promoter group's total holdings and encumbered positions have been updated. S L Industries Pvt Ltd maintains the largest stake among the promoter entities.

Regulatory Compliance

The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares and takeovers. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited. All pledges were created as security arrangements for borrowing loans, representing standard corporate financing practices.

The encumbrances involve pledge arrangements with two different entities - Merlin Projects Limited and Ellenbarrie Industrial Gases Limited, indicating diversified financing sources for the promoter group's borrowing requirements.

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.

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.

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.