WAAREE ENERGIES : AMALGAMATES INDOSOLAR LIMITED

• The Board of Directors approved the draft Scheme of Amalgamation of Indosolar Limited with Waaree Energies Limited. • The Scheme is subject to statutory, regulatory, and customary approvals, including from stock exchanges, NCLT, and shareholders. • The scheme aims to simplify the group structure, consolidate assets and liabilities, and enhance operational synergies. • Indosolar Limited's Total Assets were ₹404.92 Cr, Net worth ₹323.63 Cr and Turnover ₹68.36 Cr as of June 30, 2026. • Waaree Energies Limited's Total Assets were ₹23,798.16 Cr, Net worth ₹13,869.90 Cr and Turnover ₹6,221.67 Cr as of June 30, 2026. • Share exchange ratio: 1 equity share of ₹10 fully paid up of Waaree Energies for every 11 equity shares of ₹10 fully paid up of Indosolar.

Waaree Energies Limited

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