Websol Energy System Limited has informed the Exchange regarding Outcome of Board Meeting held on July 31, 2025.
WEBELSOLAR · price
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Websol Energy System Limited held a board meeting on July 31, 2025, where it appointed Mrs. Rupanjana De as a Non-Executive Independent Director for a period of 3 years, subject to shareholder approval at the AGM. Mrs. De is a qualified Company Secretary and Law graduate with over 24 years of experience in corporate law, and currently serves as an Elected Council Member of ICSI. The board also provided an update on its Phase II expansion: the additional 600 MW solar cell line at Falta, West Bengal is nearing completion, with trial runs set to begin in September 2025 and commercial production expected from October 2025. The new line, funded entirely through internal accruals, will double the company's total solar cell production capacity from 600 MW to 1,200 MW, with management expecting a marked increase in turnover from Q3 FY2025-26.
Positive for shareholders: capacity doubling funded without debt signals balance sheet strength, and the expected turnover jump from Q3 FY26 could boost earnings materially. The new independent director with strong governance credentials adds to board quality.