Websol Energy System allots 12.1 million shares to Websol Green Projects after warrant conversion

The conversion of warrants by Websol Green Projects Private Limited into 12,100,000 new equity shares of Websol Energy System Limited, announced on March 16, 2026, represents a direct capital infusion from a promoter entity. This transaction, stemming from warrants originally issued in September 2024, saw an adjusted conversion price of Rs. 53 per share following a stock split. The strategic move significantly bolsters Websol Energy System's financial foundation, increasing its paid-up capital to Rs. 434,163,470. This internal investment provides Websol Energy System with enhanced liquidity and a strengthened balance sheet, specifically earmarked for its future operational expansion within the solar sector. The structure, utilizing pre-existing warrants, demonstrates a long-term commitment from Websol Green Projects to the manufacturing capabilities of Websol Energy System in Kolkata, India. Websol Green Projects Private Limited, an Indian renewable energy developer and EPC contractor primarily focused on solar power plant development and execution across various Indian states, is deepening its investment in the solar value chain through this transaction. Its commitment to Websol Energy System, a leading Indian manufacturer of solar photovoltaic cells and modules, aligns with its broader strategy in the renewable energy sector. Websol Energy System, based in Kolkata, produces high-efficiency solar products for both domestic and international markets, and this capital injection directly supports its manufacturing capabilities. The investment from Websol Green Projects ensures Websol Energy System can continue to scale its production and innovation efforts, reinforcing its position within the competitive solar manufacturing landscape. This internal financing mechanism allows both entities to consolidate their efforts within India's expanding solar energy ecosystem.