Websol Energy System Limited has announced an important change in its capital structure after its Board of Directors approved the allotment of new equity shares to a promoter group company. The board approved the allotment of 12,100,000 equity shares to Websol Green Projects Private Limited. This allotment took place after the conversion of 1,210,000 warrants that were originally issued on September 21, 2024.
The conversion of these warrants was influenced by a corporate action taken by the company earlier. On November 14, 2025, Websol Energy System Limited carried out a stock split. Through this action, the company sub-divided its equity shares from a face value of Rs. 10 each to Rs. 1 each. Due to this change, each original warrant that was initially convertible into one share at Rs. 530 was adjusted. After the stock split, each warrant became eligible for conversion into 10 equity shares at a revised price of Rs. 53 per share.
To complete the conversion process, the promoter group entity paid the remaining 75 percent of the issue price. The total payment made for the conversion was Rs. 48,09,75,000. When the warrants were first allotted in September 2024, the allottee had already paid the initial 25 percent of the issue price. The final conversion payment now completes the full value required for the shares.
The price of each new equity share has been fixed at Rs. 53. This price includes a face value of Re. 1 and a premium of Rs. 52 per share. After the allotment of these shares, the company’s total paid-up equity share capital has increased significantly. The paid-up capital now stands at Rs. 434,163,470. This amount represents a total of 434,163,470 fully paid-up equity shares, each having a face value of Re. 1.
The company also confirmed that the newly allotted shares will rank equally with the existing equity shares. This means the new shares will have the same rights and benefits as the shares that are already listed and traded in the market.
The board meeting where this decision was approved took place in Kolkata. The meeting started at 12:30 P.M. and concluded at 12:50 P.M. According to the company, the disclosure of this development has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
As per these regulations, listed companies must inform stock exchanges about important financial or corporate developments. Accordingly, Websol Energy System Limited has officially communicated this update to the National Stock Exchange of India and BSE Limited, ensuring transparency and regulatory compliance for investors and stakeholders.
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