Websol Energy System Limited has announced an increase in shareholding by its promoter group, Websol Green Projects Private Limited. The acquisition follows the conversion of 1,21,00,000 warrants into an equal number of equity shares of Re. 1 each. As a result, the acquirer’s stake in the target company has risen to 7.74%, bringing the total promoter group holding to 29.72%. This development took place on May 21, 2026.
Strategic Shareholding Increase
Websol Energy System Limited has successfully completed a preferential allotment of equity shares to its promoter group entity, Websol Green Projects Private Limited. This move comes as a result of the conversion of 12,100,000 convertible warrants, which were exercised on May 21, 2026. The allotment has been executed at a face value of Re. 1 per share, reflecting the company’s commitment to strengthening its capital base.
Impact on Promoter Holding
Following this transaction, the shareholding pattern within the promoter group has shifted significantly. The acquiring entity, Websol Green Projects Private Limited, saw its voting rights increase from 5.09% to 7.74%. When combined with other entities and individuals acting in concert, the total promoter group now maintains a collective stake of 29.72% in the company.
Capital Structure Adjustments
The conversion of these warrants has effectively updated the company’s equity share capital. The total paid-up share capital of the company has increased to Rs. 43,41,63,470, now consisting of 43,41,63,470 equity shares of Re. 1 each. This capital expansion follows the sub-division of the company’s equity shares from the previous face value of Rs. 10 to the current face value of Re. 1.
Source: BSE
