Websol Energy System Limited — AGM Information 2021

Sep 30, 2021

Date: September ³0, 2021

To,	To,
The Manager Listing,	The Manager Listing,
National Stock Exchange of India	Bombay Stock Exchange Limited,
Limited, Exchange Plaza,	Floor 25,
Bandra Kurla Complex,	PJ Towers, Dalal Street,
Bandra (E) Mumbai: 400051	Mumbai: 400 001
Scrip Code- WEBELSOLAR	Scrip Code- 517498

Dear Sir/Madam,

Sub: Compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant ^to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015, we ^ar^e enclosing ^th^{e g}is^{t of t}h^e Proceedings ^{of t}h^e 31 Annual General Meeting ^{of t}h^e Company held

on September ³0, 2021.

For Websol Energy System Limited

iG

Sohan Lal Agarwal Managing Director (DIN: 00189898)

Encl; As above

Websol Energy System Limited ^Corporat^{e O}ffic^{e a}n^{d P}lant:

48, Pramatha Choudhary Sarani, ^Plo^t No.849, Block - ^P, Sector II, ^Falt^a Special Economic Zone, Falta 2nd Floor, Kolkata - 700053, New Alipore 24 Parganas(South ), West Bengal, India, ^Pin- 743504 Ph-(033)2400-0419, Fax -2400-0375 ^Ph.: 91-3174-222932, Fax: 91-3174-222933 E-mail: websol@webelsolar.com E-mail: websol@webelsolar.com

CIN: L29307WB1990PLC048350

Gist ^of the Proceedings ^of the 31st Annual General Meeting ^of Websol Energy System Limited held on Thursday, September ³0, 2021

The ³1s^t Annual General Meeting ('AGM') ^{of t}h^e Members ^{of t}h^e Company was held ^on September ³0, 2021 ^at 12.00 pm. (UIST) through Video Conferencing/ Other Audio-Visual Means (VC/OAVM) ⁱⁿ compliance ^wit^{h t}h^{e C}ircular^{s i}ssue^{d by t}h^e Ministry ^of Corporate ^Affair^{s a}n^{d S}ecuritie^s and Exchange Board ^of India ^{in t}hi^s behalf from time ^to time ("the Circulars).

The Meeting was chaired by Mr. Sohan ^La^l Agarwal, Chairman. ^All ^th^e members ^{of t}h^e Board ^of Directors were present ^at the Meeting. The representative of the Auditors were also present.

^Th^{e r}equisit^e quorum ^bein^{g p}resent, ^th^e Chairman ^calle^{d t}h^{e m}eetin^{g to o}rder. ^Th^{e N}otic^{e of} AGM ^date^d September ⁰1, 2021 convening ^th^e AGM, ^as circulated ^{to t}h^e Members, was taken ^{as r}ea^d with ^th^e consent ^{of t}h^e Members attended ^th^e AGM. The Chairman, gave ^{a b}rie^f overview ^{of t}h^e performance ^{of t}h^e Company during ^th^e financial year ended March ³1, 2021 and ^brie^{f on t}h^e future outlook.

The Chairman then invited ^th^e members ^to make ^thei^r observations, ^{if a}ny, ^{on t}h^e performance ^{of t}h^e Company, which were suitably replied.

The following Resolutions were moved and approved with ^th^e requisite majority. The Chairman stated ^tha^{t he is} interested ⁱⁿ Item No. ^{3 of t}h^e Notice which relates ^{to h}i^s re-appointment ^as Managing Director:

Ordinary Business

¹. Adoption ^{of t}h^e audited Standalone Financial Statements ^{of t}h^e Company ^fo^{r t}h^e financial year ended March 31, 2021, together with the Report of the Board and the Auditors thereon.

². Re-appointment of Ms. Sreeram Vasanthi ^as Director on retirement by rotation.

Websol Energy System Limited ^Corporat^{e O}ffic^{e a}n^{d P}lant:

48, Pramatha Choudhary Sarani, ^Plo^t No.849, Block - ^P, Sector II, ^Falt^a Special Economic Zone, Falta 2nd Floor, Kolkata - 700053, New Alipore 24 Parganas(South ), West Bengal, India, ^Pin- 743504 Ph-(033)2400-0419, Fax -2400-0375 ^Ph.: 91-3174-222932, Fax: 91-3174-222933 E-mail: websol@webelsolar.com E-mail: websol@webelsolar.com

Special Business

• ³. Re-appointment ^of Mr. Sohan ^La^l Agarwal ^{as t}h^e Managing Director ^{of t}h^e Company (Ordinary Resolution) for ^a further period of ⁵ years with effect from April ¹, 2021.
• ⁴. To increase ^th^e borrowing powers ^{of t}h^e Company where ^th^e borrowing amount including ^th^e monies which ^ar^e already borrowed does not exceed Rs.2000 crores.
• ⁵. Approval ^{to c}reat^e charge/mortgage over ^th^e properties ^{of t}h^e Company ^fo^{r t}h^e purpose ^of borrowing ⁱⁿ terms ^of Section 180(1)(a) ^{of t}h^e Companies Act, 2013.

There being no other business, ^th^e Chairman declared the meeting ^as closed and extended vote ^of thanks ^{to t}h^e members and ^th^e Board members ^fo^r attending ^th^e meeting.

^It was informed that the e-voting facility shall remain open ^till ¹⁵ minutes after the conclusion of the meeting and the results of the remote e-voting and the e-voting facility extended during the meeting hours shall be declared after the receipt of the Scrutinizer's report and the same will be intimated ^to the stock exchanges, NSDL- ^th^e service provider and ^als^{o be} uploaded ^{on t}h^e website ^{of t}h^e Company.

The meeting concluded ^at 12.50 p.m. (including the time for e-voting facility).

^Thi^s should ⁿo^{t be} construed ^{as t}h^e Minutes ^{of t}h^e proceedings ^{of t}h^e AGM.

For Websol Energy Systems Ltd

m,

Sohan Lal Agarwal Managing Director (DIN: 00189898)

Websol Energy System Limited ^Corporat^{e O}ffic^{e a}n^{d P}lant:

48, Pramatha Choudhary Sarani, ^Plo^t No.849, Block - ^P, Sector II, ^Falt^a Special Economic Zone, Falta 2nd Floor, Kolkata - 700053, New Alipore 24 Parganas(South ), West Bengal, India, ^Pin- 743504 Ph-(033)2400-0419, Fax -2400-0375 ^Ph.: 91-3174-222932, Fax: 91-3174-222933 E-mail: websol@webelsolar.com E-mail: websol@webelsolar.com

CIN: L29307WB1990PLC048350