Websol Energy Reports No Fund Utilization Deviation

Disclosure Nature

Regulatory filing pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitting the Statement of Deviation(s) or Variation(s) for the quarter ended June 30, 2026.

Fund Raising Details

• Amount raised: ₹48.09 crore (representing balance 75% of total consideration)
• Funds raised through: Preferential Issue for allotment of equity shares pursuant to conversion of warrants
• Monitoring agency: Not applicable
• Reporting period: Quarter ended June 30, 2026

Deviation Status

The company confirms there is no deviation or variation in the utilisation of funds raised through allotment of equity shares pursuant to conversion of warrants.

Fund Utilization Breakdown

Original Objects and Utilization (as per explanatory statement to EGM notice dated 11th May, 2024):

Debt Repayment

• Original allocation: ₹6.00 crore
• Amount utilized: ₹6.00 crore
• Deviation/Variation: Not applicable
• Remarks: No deviation

Expansion of Renewable Energy Project

• Original allocation: ₹42.10 crore
• Amount utilized: ₹39.23 crore
• Deviation/Variation: Not applicable
• Remarks: The balance funds are parked in liquid state and will be utilized for the said object

General Corporate Purposes

• Original allocation: ₹16.03 crore
• Amount utilized: ₹16.03 crore
• Deviation/Variation: Not applicable
• Remarks: No deviation