The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 16, 2026 for Sohan Lal Agarwal & Others
WEBELSOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 12.9 pts more than Nifty Microcap 250 and 11.7 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On March 10, 2026, three promoter/promoter group entities of Websol Energy System Ltd created new pledges on their shares to raise loans. SL Industries Pvt Ltd pledged 60,00,000 shares (1.42% of capital) favouring Merlin Projects Ltd, taking its encumbered holding to 13.42%. Websol Green Projects Pvt Ltd pledged 50,00,000 shares (1.18%) favouring Ellenbarrie Industrial Gases Ltd, bringing its encumbered holding to 5.09%. Promoter Sohan Lal Agarwal pledged 10,00,000 shares (0.24%) favouring Ellenbarrie Industrial Gases, taking his encumbered holding to 8.74%. In total, about 1.20 crore promoter group shares have been newly pledged as security for borrowing loans, and the disclosure was filed on March 11, 2026 and received by the exchange on March 16, 2026.
This is a negative watch signal for retail investors — promoters are raising debt against their shareholdings, which increases financial risk for the promoter group. A sharp fall in the stock price could trigger margin calls or invocation of these pledges, potentially leading to forced selling.