Indosolar Limited has officially notified stock exchanges regarding the resignation of its Chief Financial Officer and Key Managerial Personnel, Ms. Sonal Shrivastava, effective from March 20, 2026. The announcement was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Ms. Sonal Shrivastava tendered her resignation and ceased to be the Chief Financial Officer and Key Managerial Personnel of the company effective from the closing business hours of Saturday, March 20, 2026. The resignation became effective upon completion of the requisite notice period.

Reason for Departure

In her resignation letter dated September 22, 2025, Ms. Shrivastava explained her decision to move on from her dual role at both Waaree Energies Limited and Indosolar Limited. She stated that she is pursuing opportunities outside the group that align with her aspirations and will allow her to take on additional new responsibilities and contribute strategically.

Ms. Shrivastava expressed gratitude for her tenure, describing it as "a great honor to serve Waaree and to contribute to its growth trajectory and transformation." She acknowledged the support received from the leadership team and colleagues during her time with the organization.

Regulatory Compliance

The company has fulfilled all disclosure requirements under multiple SEBI regulations and circulars:

Transition Process

Ms. Shrivastava committed to ensuring a smooth transition and extended her full support in handing over responsibilities. The resignation letter emphasized her confidence in the company's future growth under the current leadership.

The notification was signed by Akalpita Harnish Patel, Company Secretary and Compliance Officer, confirming the formal completion of all regulatory requirements for this key managerial personnel change. The official communication was addressed to both BSE Limited and National Stock Exchange of India Limited as per standard regulatory protocol.

Indosolar Limited has announced the resignation of Mr. Shiv Kumar Agarwal from his position as Independent Director, effective from the close of business hours on January 28, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this board composition change in compliance with regulatory requirements.

Resignation Details

Mr. Shiv Kumar Agarwal (DIN: 05176334) tendered his resignation due to other commitments and personal reasons. The resignation was formally communicated to the company on January 28, 2026 at 19:23 IST. According to the company's disclosure, Mr. Agarwal was not serving as Chairperson or Member of any committee of the company.

Regulatory Compliance

The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The company provided comprehensive details as required under the latest SEBI circulars, including SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Director's Confirmation

In his resignation letter, Mr. Agarwal confirmed that there are no other material reasons for his resignation beyond those mentioned. The disclosure also noted that the director does not hold directorships in any other listed entities except Indosolar Limited. This confirmation aligns with regulatory requirements for transparency in director resignations.

Company Information

Indosolar Limited operates from its registered office at Unit No. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, with its factory located at 3C/1eco Tech -11, Udyog Vihar, Greater Noida – 201306, Uttar Pradesh. The company secretary and compliance officer, Ms. Akalpita Harnish Patel, signed the regulatory filing on January 29, 2026.