Websol Energy System Limited's promoter group released 95,172,110 shares previously pledged with the Indian Renewable Energy Development Agency (IREDA).
The released shares represent 21.92% of the company's total share capital.
This transaction reduced the promoters' total encumbered holding from 26.57% to 4.65%.
The company disclosed the release in a regulatory filing on September 10, 2026.
Lowering pledged shares typically signals a stronger financial position for the promoter group.
The move reduces the risk of potential forced share sales in the market.