Websol Energy Systems on Tuesday expressed its regret for not announcing its Q1 results, which was originally scheduled to be announced on July 25, due to delay in implementing the new accounting policy required under IND AS. However, it said it was ‘pleased’ to inform the bourses that ‘no dues’ certificate from Federal Bank has been taken on record. The board has approved another expansion of 100 MW of its cell line capacity, thereby taking it to 280-300 MW. The company will initiate discussions with equipment manufacturers for this expansion. The board has approved expansion of its module line capacity from 100 MW to 250 MW with fully-automated line of production for the entire capacity. Orders for the module line have been finalised. Besides, the board has also approved formation of a wholly-owned subsidiary for the business of roof-top and EPC in the subsidiary company. Shares of Websol Energy closed flat at ₹121.65 against the previous day’s close of ₹121.25 on the NSE.

The board of Elpro International on Tuesday approved an issue of ₹100-crore worth equity shares to existing shareholders of the company on rights basis. The board has constituted a Rights Committee and authorised it to determine the terms and conditions of the issue, including entitlement ratio, price, issue size, record date, timing of the issue and other related matters. Besides, the board has also decided to reduce the face value of the company’s shares to ₹1 from the current ₹2. The board has also approved increasing the authorised share capital to ₹26 crore from the existing ₹20 crore. On Tuesday, BSE-listed Elpro International’s shares closed at ₹100.85, up 0.5 per cent.

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