Websol Energy System Limited — Major Shareholding Notification 2021

Jul 27, 2021

Sohan Lal Agarwal

9 New Road,

Anugrah Apartment 6[th] Floor,

Kolkata – 700027

Date: 23.07.2021

From:

Sohan Lal Agarwal, 9, New Road, Anugrah Apartment, Alipore, Kolkata- 700027

To, To, BSE Limited, National Stock Exchange of India Limited , P.J. Towers, Dalal Street, Exchange Plaza, C-1, Block –G, 5[th] Floor, Mumbai- 400001 Bandra Kurla Complex, Bandra East Symbol: 517498 Mumbai- 400051 Symbol: WEBELSOLAR

Dear Sir/Madam, Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011

Re: Conversion of 1000000 convertible warrants into 1000000 equity shares in compliance with chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2015, as amended (“SEBI ICDR Regulations”) and sections 62 and 42 of the Companies Act, 2013 (including the rules made thereunder)

With reference to the above, please find enclosed herewith the details of allotment of equity shares pursuant to conversion of warrants by the Company in the prescribed format attached herewith. This is for your information and record.

Thanking You.

Yours Faithfully,

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Sohan Lal Agarwal

(On behalf of self and others forming part of the Promoter Group of the Company)

Encl: As above

CC:

Websol Energy Systems Limited 48, Pramatha Choudhary Sarani, Plot No. 849, Block P, 2[nd] Floor, New Alipore, Kolkata- 700053

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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Name of the Target Company (TC) Websolar Energy Systems Limited
NSE Symbol: WEBELSOLAR
BSE Scrip Code: 517498
Name(s) of the acquirer, seller and Persons Acting Acquirer: Mr. Sohan Lal Agarwal
in Concert (PAC) with them PACs:
Raj Kumari Agarwal
Chiranji Lall Agarwal
Indermani Devi Agarwal
SL Industries Private Limited
Whether the acquirer, seller belongs to Yes, the acquirer forms part of the promoter
Promoter/Promoter group /promoter group of the Company
Name(s) of the Stock Exchange(s) where the shares BSE Limited and
of TC are Listed National Stock Exchange of India Limited
Details of the acquisition / disposal as follows: Number % w.r.t. total % w.r.t.
share/voting total diluted
capital share/voting
wherever capital of
applicable () the TC () [$]
Before the acquisition/ disposal under
consideration, holding of : [ @]
a) Shares carrying voting rights Acq: 2363208 7.59% 7.24%
PACs: 5433714 17.45% 16.65%
b) Shares in the nature of encumbrance (pledge/ -- -- --
lien/non-disposal undertaking/ others) --
c) Voting rights (VR) otherwise than by equity shares -- --
d) Warrants/convertible securities/any other Acq: 1500000 4.82% 4.60%
instrument that entitles the acquirer to receive PACs: Nil 0.00% 0.00%
shares carrying voting rights in the TC (specify
holding in each category)
e) Total (a+b+c+d) 9296922 29.86% 28.49%
Details of acquisition/sale [#]
a) Shares carrying voting rights acquired/sold Acq: 1000000 3.11% 3.06%
PACs: Nil 0.00% 0.00%
b) VRs acquired /sold otherwise than by shares -- -- --
c) Warrants/convertible securities/any other -- -- --
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) acquired/sold
d) Shares encumbered/invoked/released by the -- -- --
acquirer.
e) Total (a+b+c+d) 1000000 3.11% 3.06%
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After the acquisition/ sale, holding of: [#]
a) Shares carrying voting rights Acq: 3363208 10.46% 10.30%
PACs: 5433714 16.90% 16.65%
b) Shares encumbered with the acquirer -- -- --
c) VRs otherwise than by equity shares -- -- --
Acq: 500000 1.56% 1.53%
d) Warrants/convertible securities/any other
PACs: Nil 0.00% 0.00%
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) after acquisition
e) Total (a+b+c+d) 9296922 28.92% 28.48%
Mode of acquisition/sale (e.g. open market / off- Conversion of 1000000 Convertible Warrants in to
market / public issue / rights issue /preferential equal number of equity shares issued to the
Acquirer.
allotment / inter-se transfer etc.)
Date of acquisition / sale of shares / VR or date of 23.07.2021
receipt of intimation of allotment of shares,
whichever is applicable
Equity share capital / total voting capital of the TC Rs. 31,14,32,680/- constituting 31143268 equity
before the said acquisition/sale shares of Rs. 10/- each
Equity share capital/ total voting capital of the TC Rs. 32,14,32,680/- constituting 32143268 equity
after the said acquisition/sale shares of Rs. 10/- each
Total diluted share/voting capital of the TC after Rs. 32,64,32,680/- constituting 32643268 equity
the said acquisition/sale shares of Rs. 10/- each
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@ Percentage in before acquisition has been calculated on pre conversion capital of 31143268 equity shares

# Percentage in acquisition has been calculated on post conversion capital of 32143268 equity shares

$ Percentage in diluted share capital has been calculated on 32643268 equity shares

Note:

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under repealed Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

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Sohan Lal Agarwal

(On behalf of self and others forming part of the Promoter Group of the Company)

Place: Kolkata

Date: 23.07.2021