Clarification4 Nov 2026, 09:14 pm
Websol Energy: No Deviation in Fund Utilization from Warrants
AI Summary
Websol Energy System Limited has filed a Statement of Deviation(s) or Variation(s) for the quarter ended September 30, 2026, concerning funds raised through a preferential issue via warrant conversion. The company raised ₹64.13 Cr on March 13, 2026. Websol Energy confirms there has been no deviation or variation in the utilization of these funds. The funds were originally intended for the expansion of renewable energy projects, and the utilization aligns with the original objects.
Key Highlights
- No deviation reported in fund utilization for Q2 FY27.
- Funds were raised via preferential issue of equity shares.
- Total funds raised amounted to ₹64.13 Cr.
- Utilization aligns with original objects for renewable energy expansion.
Price Impact
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