Websol Energy System Limited — Share Issue/Capital Change 2021

Jul 6, 2021

Sohan Lal Agarwal

9 New Road, Anugrah Apartment 6[th] Floor,

Kolkata – 700027

Date: 06.07.2021

From:

Sohan Lal Agarwal,

Address: 9, New Road, Anugrah Apartment, new 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: Allotment of 1500000 convertible warrants, convertible into equal number of equity shares in compliance with chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, 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 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

Name of the Target Company (TC)	Name of the Target Company (TC)	Name of the Target Company (TC)		Websolar Energy Systems Limited BSE Scrip Code: 517498 NSE Symbol: WEBELSOLAR	Websolar Energy Systems Limited BSE Scrip Code: 517498 NSE Symbol: WEBELSOLAR	Websolar Energy Systems Limited BSE Scrip Code: 517498 NSE Symbol: WEBELSOLAR
Name(s) of the acquirer/ allottee,~~seller~~ and Persons Acting in Concert (PAC) with them				Acquirer/ allottee:Mr. Sohan Lal Agarwal PACs: Raj Kumari Agarwal Chiranji Lall Agarwal Indermani Devi Agarwal SL Industries Private Limited
Whether the acquirer/ allottee, Promoter/Promoter group	~~seller~~ belongs to			Yes, the acquirer forms part of the promoter /promoter group of the Company
Name(s) of the Stock Exchange(s) where the shares of TC are Listed				BSE Limited and National Stock Exchange of India Limited
Details of the acquisition/ allotment follows:		~~/ disposal a~~s		Number	% w.r.t. total share/voting capital wherever applicable (*)^	% w.r.t. total diluted share/voting capital of the TC ()**&
Before the acquisition/ allotment /~~disposal~~ under consideration, holding of : a) Shares carrying voting rights 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 instrument that entitles the acquirer to receive				Acquirer/ Allottee: 2363208 PACs: 5433714	7.59% 17.45%	7.59% 17.45%

shares carrying voting rights in the TC (specify holding in each category)	-- -- --	-- -- --	-- -- --
e) Total (a+b+c+d)	7796922	25.04%	25.04%
Details of acquisition/~~sale~~ a) Shares carrying voting rights acquired/sold 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.	-- -- Acquirer/ Allottee: 1500000 PACs: Nil --	-- -- 4.82% -- --	-- -- 4.60% -- --
e) Total (a+b+c+d)	1500000	4.82%	4.60%
After the acquisition~~/sale,~~holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition	Acquirer/ Allottee: 2363208 PACs: 5433714 -- -- Acquirer/ Allottee: 1500000	7.59% 17.45% -- --	7.24% 16.65% -- --

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PACs: 4.82% 4.60%
Nil
-- --
9296922 29.86% 28.49%
e) Total (a+b+c+d)
Mode of acquisition/sale (e.g. open market / off- Preferential Allotment of Convertible
market / public issue / rights issue /preferential
Warrants have been issued to the Allottee,
allotment / inter-se transfer etc.)
convertible into equal number of equity shares
Date of acquisition/ allotment/ sale of shares / VR 05.07.2021
or date of 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/ allotment /sale^
shares of Rs. 10/- each
Equity share capital/ total voting capital of the TC Rs. 31,14,32,680/- constituting 31143268 equity
after the said acquisition/ allotment /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/ allotment/ sale [&] shares of Rs. 10/- each
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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.

^Based on Pre- Allotment Capital of the Company, i.e., 31143268 equity shares of face value of Rs. 10/- each.

&Based on total diluted share/voting capital of the Company, i.e., 32643268 equity shares of face value of Rs. 10/- each, assuming full conversion.

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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: 06.07.2021