Waaree Energies Limited, the promoter of Indosolar Limited, has confirmed that it did not create any encumbrances on the shares held directly or indirectly during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges, ensures compliance with regulatory norms regarding share holdings by promoters.

The confirmation was provided in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrances created over the shares of the company held by them during a financial year.

Regulatory Filing Details

The disclosure was addressed to the Listing Departments of BSE Limited and National Stock Exchange of India Limited. The communication was signed by Hitesh Pranjivan Mehta, Whole Time Director of Waaree Energies Limited.

The filing explicitly states that no encumbrances were created over the shares of Indosolar Limited held by Waaree Energies Limited during the specified period. A copy of the declaration was also marked to the Audit Committee of Indosolar Limited.

Indosolar Limited has officially completed the disbursement of net proceeds from the sale of fractional share entitlements pursuant to its NCLT-approved Resolution Plan on April 28, 2026. The company formally notified both the National Stock Exchange of India Limited and BSE Limited about this significant milestone in its corporate restructuring process.

NCLT Resolution Plan Framework

The disbursement follows the Order dated April 21, 2022, passed by the Hon'ble National Company Law Tribunal (NCLT), which approved the Resolution Plan for Indosolar Limited. The Resolution Plan provided for a reduction of the company's paid-up share capital in accordance with the Insolvency and Bankruptcy Code, 2016, and the Companies Act, 2013.

Fractional Share Entitlements Process

The share capital reduction resulted in fractional share entitlements for certain eligible shareholders, which could not be allotted as whole numbers. These fractional entitlements were consolidated and transferred to M/s MUFG Intime Private Limited, acting as Trustee, for sale in the open market on behalf of eligible shareholders.

Regulatory Compliance and Stock Exchange Filing

The company filed the completion notice with stock exchanges under Regulation 30, confirming that the sale of fractional share entitlements and disbursement of net proceeds were carried out in full compliance with multiple regulatory frameworks:

• NCLT Resolution Plan approved via Order dated April 21, 2022
• Insolvency and Bankruptcy Code, 2016, and regulations thereunder
• Companies Act, 2013, and rules made thereunder
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Official Communication and Documentation

The filing was signed by Akalpita Harnish Patel, Company Secretary and Compliance Officer (Membership No-ACS40528), confirming the completion of this important milestone. The company communicated the disbursement completion to concerned shareholders on April 28, 2026, through email notifications, ensuring transparency in the resolution process.

The official stock exchange filing provides comprehensive details of the regulatory compliance framework and marks the successful conclusion of the fractional share entitlement process under the NCLT-approved restructuring plan.