Websol Energy System Limited has informed the Exchange about change in Management
WEBELSOLAR · price
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Awaiting price reaction for this filing.
Websol Energy System's board, meeting on July 31, 2025, appointed Mrs. Rupanjana De as a Non-Executive Independent Director for a 3-year term, pending shareholder approval at the upcoming AGM. She is a qualified Company Secretary with an LL.M degree and over 24 years of experience in corporate law, currently serving as an elected council member of ICSI. In a separate update, the company confirmed its Phase II expansion adding a 600 MW solar cell line at Falta, West Bengal is nearing completion, with trial runs set for September 2025 and commercial production expected from October 2025. This will double the company's solar cell production capacity from 600 MW to 1,200 MW. The new line has been funded entirely through internal accruals, and the company expects a marked rise in turnover from Q3 of FY2025-26.
The capacity doubling via internal accruals (no debt dilution) and a clear production timeline are positive operational signals, likely supporting revenue growth from late FY26. The independent director addition strengthens board governance but is unlikely to move the stock on its own.