Websol Energy filed a SEBI Reg. 32(1) statement confirming no deviation in Rs 48.10 crore funds raised via preferential warrant conversion.
Rs 6 crore was utilized for debt repayment and Rs 10.03 crore for renewable energy project expansion as per original objects.
Balance funds of Rs 32.07 crore are parked in liquid state for future use in the designated renewable energy project.