Websol raises Rs 48 crore via promoter warrant conversion

Websol Energy System Limited has completed a promoter-led capital raise of Rs 48.09 crore through the conversion of previously issued warrants into equity shares. The allotment was approved at a board meeting held on March 13, 2026.

The shares were allotted to Websol Green Projects Private Limited, a promoter group entity led by Chairman Sohan Lal Agarwal. The warrants, originally issued in September 2024, were converted into 1.21 crore equity shares at Rs 53 per share, adjusted for a stock split undertaken last year.

Following the allotment, the company’s paid-up equity capital stands at Rs 434.16 million, comprising over 434 million equity shares with a face value of Re 1 each. The newly issued shares carry rights identical to existing equity.

Operations and capacity
Websol manufactures solar cells and modules using mono passivated emitter and rear cell (Mono PERC) technology at its facility in the Falta Special Economic Zone in West Bengal. The plant has a solar cell manufacturing capacity of 1,200 MW and module capacity of 550 MW, with capability to process wafers up to 210 mm.

The company supplies solar cells to domestic module manufacturers operating under Domestic Content Requirement (DCR) norms and markets modules in both domestic and international markets.

The featured photograph is for representation only.