WAAREE ENERGIES LTD : AMALGAMATION APPROVED WITH INDOSOLAR LTD

• The Board of Directors of Waaree Energies Limited approved the draft Scheme of Amalgamation of Indosolar Limited with Waaree Energies Limited and their respective shareholders. • The scheme is subject to statutory, regulatory and customary approvals, including from the Stock Exchanges, NCLT, and shareholders/creditors. • Indosolar Limited had total assets of ₹404.92 Cr and a net worth of ₹323.63 Cr as of June 30, 2026. • Waaree Energies Limited had total assets of ₹23,798.16 Cr and a net worth of ₹13,869.90 Cr as of June 30, 2026. • The share exchange ratio is 1 equity share of Waaree for every 11 equity shares of Indosolar.

Waaree Energies Limited

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