Websol Energy System Limited approved the allotment of 12,100,000 Equity Shares on March 13, 2026, following the conversion of warrants held by the Promoter Group. The allotment was made at an issue price of ₹53 per share (including a premium of ₹52). This conversion resulted in a direct increase in the company’s paid-up equity share capital to ₹43,41,63,470, comprising 434,163,470 shares of ₹1 each.
Approval for Equity Share Issuance Post-Warrant Conversion
The Board of Directors of Websol Energy System Limited, in its meeting held on March 13, 2026, approved the allotment of 12,100,000 Equity Shares. These shares are fully paid-up at a face value of Re. 1/- each, issued at an all-inclusive price of ₹53 per share (comprising a premium of ₹52 per share).
This allotment is the final step following the conversion of 1,210,000 convertible warrants that were initially issued on a preferential basis on September 21, 2024. The conversion was triggered upon the receipt of the remaining 75% of the issue price, totaling ₹48,09,75,000 from the allottees.
Impact of Stock Split and Conversion Terms
The exercise of conversion rights reflects the effect of a sub-division/stock-split that occurred on November 14, 2025. Prior to the split, each warrant carried a right to 1 Equity Share of ₹10 face value. Post-split, each warrant holder became eligible to receive 10 Equity Shares of Re. 1/- each.
The initial subscription required the allottees to pay 25% of the issue price (₹132.50 per warrant). The current allotment reflects the payment of the balance 75% (₹397.50 per warrant) to complete the conversion process within the stipulated 18 months period from the allotment date.
Post-Allotment Capital Structure
As a direct result of this conversion, the company’s Paid-up Equity Share Capital has increased to ₹43,41,63,470/-, now consisting of 434,163,470 fully paid-up Equity Shares of Re. 1/- each. These newly allotted shares will carry rights pari passu with the existing equity shares of the Company.
Allottee Details
The entire allotment was made to the Promoter Group, specifically to:
- WEBSOL GREEN PROJECTS PRIVATE LIMITED: All 1,210,000 warrants were converted, resulting in the allotment of 12,100,000 Equity Shares.
The meeting commenced at 12:30 P.M. and concluded at 12:50 P.M.
Source: BSE
