Indosolar Limited — Others, 30-06-2025: Disclosure under SEBI Takeover Regulations

Waaree Energies Limited has announced a board meeting to discuss the financial results for the quarter and half-year. Post-CIRP, Waaree is the new promoter of Indosolar Limited, holding 96.15% equity after infusing Rs. 40 Cr via equity. The resolution plan approved by NCLT has led to the cancellation of erstwhile promoters’ shares, significantly restructuring Indosolar’s capital. Currently, Waaree confirms no encumbrance on its shares in Indosolar. This control shift marks a key turnaround step, positioning Waaree for operational and financial restructuring of Indosolar.