Websol Energy System Limited — Capital/Financing Update 2021

Sep 11, 2021

Date: 11.09.2021

To, To, BSE Limited, National Stock Exchange of India Limited, Scrip Code: 517498 Mumbai 400 051

Phiroze Jeejeebhoy Towers, Capital Market — Listing, Exchange Plaza, Dalal Street, Fort, 5th Floor, Plot No. C/1, G Block, Mumbai- 400 001 Bandra-Kurla Complex, Bandra (E), Symbol- WEBELSOLAR

Dear Sir,

Sub: Disclosure to Stock Exchange for Outcome of the Board Meeting

This is to inform you that the Board of Directors in its meeting held on today, i.e., Saturday, 11.09.2021, have approved the following:

• 1. Upon receipt of 75% money towards 5 Lakh Convertible Warrants along with request letter from Mr. Sohan Lal Agarwal, the Promoter Director of the Company, for the allotment of equity shares of the Company in lieu of Convertible Warrants allotted to him on 05.07.2021, the Board of Directors in their meeting held on today, i.e., Saturday, 11.09.2021, have allotted 5,00,000 equity shares of the Company to him pursuant to conversion of 5,00,000 Convertible Warrants of face value of Rs. 10/- each, issued at a price of Rs. 50/- each warrant (convertible into equity shares of face value of Rs. 10/- each at a premium of Rs. 40/ per equity share), on private placement basis and authorized the Directors and Company Secretary to complete the process with BSE Ltd., National Stock Exchange of India Limited, NSDL, CDSL and ROC for listing of shares. Post- allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 34,68,10,920/- divided into 34681092 equity shares of face value of Rs. 10/- each fully paid-up.
• 1. FCCB committee of Directors have issued and allotted 1959446 equity shares of the Company pursuant to the conversion of US\$1785714.25 Foreign Currency Convertible Bonds held by India Max Investment Fund Limited. These equity shares will be duly listed on both BSE Limited and National Stock Exchange of India Limited. Post- allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 36,64,05,380/- divided into 36640538 equity shares of face value of Rs. 10/- each fully paid-up.

The board meeting commenced at 2.30 p.m. and concluded at 3.00 p.m.

Kindly take the same on record. Thanking you, Yours faithfully,

For Websol Energy Systems Limited

Sohan Lal Agarwal ( Managing Director) Ce:

R&D Infotech Private Limited	Depository Central	Services National Securities Depository Ltd.
Road, Beltala 7A, 1°	Floor, (India) Limited	A-Wing, Trade World, 4" Floor,
Kolkata- 700026	Marathon Futurex, A-wing, 25" Kamala	Compound, Senapati Mills
		Florr, NM Joshi Marg, Lower Bapat Marg, Lower Parel, Mumbai
	parel, Mumbai- 400013	400013

Websol Energy System Limited Corporate Office and Plant:

48, Pramatha Choudhary Sarani, Plot No.849, Block - P, Sector II, Falta 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