Websol Energy System Limited — Capital/Financing Update 2021

Jul 5, 2021

==> picture [62 x 64] intentionally omitted <==

----- Start of picture text -----

WEB EL
~
-- '
=-
SOLAR
----- End of picture text -----

Date: July 05, 2021

To,

BS~: Limited, 7. Lyons Range, Kolkata- 700001 Scrip Code: 517498

To,

National Stock F.xclrnoge of India Limited, Exchange Pla12, ßandra Kuria Complex. Bandra (Em,1). Mumbai- 400051 Symbol: WEBELSOL/\R

Oen,· Sir I Madam,

Sub: Allotment of 15,00.000 convertible warrants on a preferential basis to l\lr. Sohnn lai Agarnal, forming part of the Promoters I Promoter Group of Wcbsol Energy Systems Limited ("Company") on u preferential basis under the provisions of chapter V or the SEBl (Issue or Capital and Disclosure Requirements) Rcgultltions, 201 S, as amended ("SEßl ICOR Regulations") and sections 62 und 42 of the Companies Act, 2013 (including the rules made thereunder)

ln terms of the provisions of Regulation 30 or the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and pursuant to the receipt of ln-principle approval from both BSE Limited and 1he National Stock Exchange of India Limited on June 30. 2021 and shareholders of the Company at its Extra-Ordinal) General meeting held on March 25, 2021 and receipt of an upfront payment of25% of total consideration subject to of, loan amount 10 the Company. as per the terms of thé preferential issue, wc hereby inform you that the Board of Directors of the Company at their meeting held today i.e .• July 05, 2021 have alloncd I 5,00.000 convertible warrants at a price of Rs. SO/- each warrant (convenible imo eq111I)• shares of' foce value of Rs. I 0/- each at a premium of Rs. Rs. 40/- per equity share! to Mr. Schan Lal Agarwal. Promoter Director of the Company. in compliance with Chapter V of Sccurines & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. 2018 and Section 62 & 42 of the Companies Act. 2013.

Pursuant to the aforesaid allotmcru of the convenible warrants there will be no change in the in the paid­ up equity share capital of the Compan).

The meeting commenced ai 12:00 P.M. and concluded al 12.20 P..\1.

K indi y take lhe same on record.

Thanking You. Yours faithfully,

for Websol Energy Systems Limited

-.J I Sumit Kumar Sha» ~ '"lllW'.A[•] ó) We bso I E n[Co] ergy[m][¡>][an][:1:,] !lyst[Secr] e[e] m[h111] Limit,¡~~~ Registered Office : 48, Pramatha Choudhury Sarani, Plot No-849 Block·'P' 2nd Floor, New Alipore, Kolkata-700 053 Phone: +91·33·24000419 Fax: +91·33-24000375 E·ma,I : websolll!>webelsolar.com CIN· L29307WB1990PLC048350

Corporote Office and Plant :

Sector li, Falta Special Economic Zone, Falta 24 Parganas (South), West Bengal, Jnd,a, P,n·743504 Ph.: 91·3174-222932, Fax: 91-03174·222933

www.webelsolar.com