Websol Energy System Limited has announced a Board Meeting scheduled for Friday, March 13th, 2026, at 12:30 PM. The primary agenda for this meeting is to consider and approve the conversion of outstanding Warrants into Equity Shares. This allotment of shares will be conducted on a Preferential Basis, aligning with the SEBI (ICDR) Regulations of 2018. The announcement was formally issued on March 10th, 2026, under Scrip Code WEBELSOLAR.
Scheduled Board Meeting Details
Websol Energy System Limited has formally informed the stock exchanges regarding an upcoming meeting of its Board of Directors. This meeting is scheduled to take place on Friday, March 13th, 2026. The session is set to commence at 12:30 PM.
Agenda: Warrant Conversion Approval
The central purpose of the Board meeting is critical to the company’s capital structure. The Directors will meet to consider and subsequently approve the crucial steps required for the conversion of existing Warrants into fully paid-up Equity Shares. Furthermore, the Board will deliberate on the formal allotment of these new Equity Shares following the conversion.
Method of Allotment
The allotment of these newly converted Equity Shares will be executed on a Preferential Basis. This process adheres strictly to the guidelines stipulated under the provisions of the Securities and Exchange Board of India (ICDR) Regulations, specifically those issued in 2018.
Official Communication
This intimation was issued by the Company Secretary, Raju Sharma, on March 10th, 2026. The company trades on the National Stock Exchange under Scrip Code WEBELSOLAR and on the BSE under Scrip Code 517498.
Source: BSE
