Announced Wed, 24 Jun · 17:03 IST
Postal Ballot: Re-appointment of MD for 3 years
Board & Shareholder Meetings View source PDF
WEBELSOLAR · price
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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹102.05
prior close
₹102.26
base price
After-mkt
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AI summary
Websol Energy System has issued a Postal Ballot Notice seeking shareholder approval to re-appoint Mr. Sohan Lal Agarwal as Managing Director for 3 years (Apr 1, 2026 to Mar 31, 2029). Fixed salary Rs 4 Crore/year plus 2 percent of net profit commission capped at Rs 5 Crore/year. He drew Rs 7.51 Crore in FY25-26. E-voting runs from Jun 25 to Jul 24, 2026, via NSDL.
Likely market impact
Leadership continuity assured if approved. Shareholders to vote on MD re-appointment and revised pay by Jul 24, 2026.