StockWatch
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Other Electrical Equipment
Shareholding10 Sept 2026, 03:45 pm

Websol Energy: Promoter Group Releases 21.92% Shares Pledged with IREDA

AI Summary

Websol Energy System Ltd has disclosed the release of 9,51,72,110 equity shares, representing 21.92% of the company's share capital, which were previously pledged with Indian Renewable Energy Development Agency Limited. This disclosure, made by promoter Sohan Lal Agarwal and promoter group entities SL Industries Pvt Ltd and Websol Green Projects Pvt Ltd, pertains to the invocation of encumbrance under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The reporting date is September 10, 2026. The total promoter holding after this release is 26.57% of the total share capital.

Key Highlights

  • Promoter group released 21.92% of share capital pledged with IREDA.
  • Total promoter holding reduced to 26.57% post-release.
  • Disclosure made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
  • Entities involved: Sohan Lal Agarwal, SL Industries, Websol Green Projects.