Indosolar Limited , a Waaree Group company, has announced that its 17th Annual General Meeting (AGM) will be held on Monday, August 31, 2026, at 11:00 A.M. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in accordance with the circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The company made this disclosure pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with public notices published in Financial Express (English) and Janasatta (Hindi) on July 30, 2026.

AGM Key Details

The following table summarises the key parameters of the 17th AGM:

AGM Notice and Annual Report Distribution

The Notice of the AGM along with the Annual Report for the financial year 2025-26 will be sent electronically to all shareholders whose email addresses are registered with the Company, Depository Participants, or the Registrar and Transfer Agent. Shareholders who have not registered their email addresses may write to the company at secretarial@waaree.com to receive the notice and annual report. The documents will also be made available on the company's website at www.indosolar.co.in , as well as on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ).

Remote E-Voting Information

Indosolar Limited has appointed CDSL as the agency for providing the remote e-voting platform for the AGM. Members are requested to carefully read the instructions relating to remote e-voting and attendance at the AGM as contained in the AGM Notice. The company's registered office is located at Unit No. 301, 3rd Floor, Building 02, Southern Park, Saket, New Delhi-110017, and its factory is situated at 3C/Ieco Tech-11, Udyog Vihar, Greater Noida – 201306, Uttar Pradesh.

The disclosure was signed by Akalpita Harnish Patel, Company Secretary and Compliance Officer, on July 30, 2026, and has been filed with both the National Stock Exchange of India Limited and BSE Limited for appropriate dissemination.

Indosolar Limited reported a significant expansion in profitability margins during the first quarter of FY27, with EBITDA margin rising to 70.89% from 32.65% in the corresponding period of the previous year. This margin growth occurred alongside a 64.89% year-on-year decline in revenue from operations, which stood at ₹68.36 crore compared to ₹194.68 crore in Q1FY26. The divergence between falling revenue and expanding margins highlights a structural shift in the company's business mix, moving away from high-volume, low-margin tolling contracts and direct distribution activities that characterized Q1FY26 towards higher-margin module manufacturing.

The financial results were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The standalone unaudited financial results for the quarter ended June 30, 2026, show that while top-line figures contracted significantly, operational discipline preserved bottom-line health. Net profit after tax (PAT) was recorded at ₹36.62 crore, down from ₹116.79 crore in Q1FY26, representing a decline of 68.65%. However, the PAT margin remained robust at 47.71%, compared to 59.59% in the prior year period.

Financial Performance Overview

The table below summarises the key financial metrics for the quarter.

Jignesh Rathod, Director and Chief Executive Officer, attributed the improved EBITDA margins to a focus on operational efficiency and manufacturing excellence. He noted that the industry is undergoing a policy transition, but the company's disciplined execution and operational agility allowed it to navigate the evolving environment effectively. Rathod emphasized that advanced solar module manufacturing capabilities enable the company to offer high-efficiency products, thereby strengthening its competitive advantage.

Operational Metrics

Operational volumes saw a modest contraction alongside the revenue decline. Module production stood at 224 MW in Q1FY27, compared to 244 MW in Q1FY26. Similarly, modules sold were 218 MW in the current quarter, down from 231 MW in the same period last year. Indosolar Limited, a subsidiary of Waaree Energies Limited, operates a 1.3 GW module manufacturing facility in Noida. The reduction in production and sales volume aligns with the lower revenue base, suggesting that the company prioritized higher-margin manufacturing output over volume-driven tolling or trading activities in this quarter.