Indosolar Ltd (WAAREEINDO) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Indosolar Ltd on NSE and BSE, with an AI summary of each filing.
Press release for unaudited financial results for the quarter and half year ended September 30, 2026
Press Release · 22 Oct 2026, 2:15 am
Indosolar Limited Reports Sharp Q2 FY27 Profit and Revenue Decline Amid Industry Headwinds Indosolar Limited posted a 23.19% YoY decline in Q2 FY27 revenue from operations to ₹155.59 crore, while operating EBITDA plunged 79.05% YoY to ₹14.82 crore as EBITDA margins contracted to 9.52% from 34.92%. Standalone PAT fell 89.17% YoY to ₹5.02 crore. Sales volumes dropped to 98 MW from 249 MW in Q2 FY26. For H1 FY27, revenue dropped 43.62% YoY to ₹223.95 crore and PAT fell 74.48% YoY to ₹41.64 crore, weighed by elevated input costs, lower capacity utilisation, and an ongoing manufacturing transition.
Unaudited Financial results for the quarter and half year ended September 30, 2026.
Financial Result · 22 Oct 2026, 1:03 am
Indosolar Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Outcome · 22 Oct 2026, 12:56 am
Outcome of Board Meeting for the unaudited financial results for the quarter and half year ended September 30, 2026
Outcome · 22 Oct 2026, 12:53 am
Indosolar Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) ■ Revenue: 15,559 (-23.2% YoY | +127.6% QoQ) ■ EBITDA: 1,482 (-79.0% YoY | -69.4% QoQ) ■ EBITDA Margin (%): 9.5 (-2540 bps YoY | -6137 bps QoQ) ■ PAT: 502 (-89.2% YoY | -86.3% QoQ) ■ EPS (INR): 1.20 (-89.2% YoY | -86.4% QoQ)
INDOSOLAR LIMITED has informed the Exchange about Board Meeting to be held on 21-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 .
Intimation · 21 Oct 2026, 5:30 am
INDOSOLAR LIMITED has informed the Exchange about Board Meeting to be held on 21-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 .
Intimation · 21 Oct 2026, 5:30 am
Indosolar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2026 ,inter alia, to consider and approve financial results for the quarter ....
Intimation · 21 Oct 2026, 5:30 am
Indosolar Schedules Board Meeting to Approve Q2 and H1 FY27 Results Indosolar Limited has scheduled a Board of Directors meeting on 21st Oct'26 to consider and approve the standalone unaudited financial results for the quarter and half-year ended 30th Sep'26, along with the limited review report. In compliance with insider trading regulations, the trading window for dealing in company securities has been closed for designated persons and their immediate relatives since 1st Oct'26 and will remain closed until 48 hours following the announcement of the financial results.
INDOSOLAR LIMITED has informed the Exchange about Board Meeting to be held on 21-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 .
Intimation · 21 Oct 2026, 5:30 am
To consider and approve the financial results for the period ended September 30, 2026
Intimation · 21 Oct 2026, 5:30 am
Indosolar Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.
Outcome · 24 Sept 2026, 1:40 am
Indosolar Approves Merger with Waaree Energies at 1:11 Swap Ratio Indosolar's board approved a draft scheme of amalgamation with Waaree Energies on 23rd Sep'26. Eligible shareholders will receive 1 equity share of Waaree Energies (INR 10 face value) for every 11 equity shares held in Indosolar, following which Indosolar will dissolve. The merger simplifies corporate structure, creates backward integration in cell and module manufacturing, and eliminates inter-company supply friction. Post-merger, Waaree Energies' promoter stake will marginally dilute from 64.12% to 63.91%, with public shareholding expanding to 36.09%, subject to NCLT, stock exchange, and shareholder approvals.
Voting Results and Scrutiniser Report for the Meeting held on August 31, 2026
Annual General Meeting · 01 Sept 2026, 10:49 pm
Indosolar AGM Voting Results Show Dissent from Public Non-Institutional Shareholders At its 17th AGM on Aug 31, '26, Indosolar passed all resolutions, but with notable dissent from public non-institutional shareholders. This group voted 32.2% against adopting financial statements and 36.0% against re-appointing Hitesh Mehta as director. Similarly, the special resolution to re-appoint Nilesh Gandhi as an Independent Director for a second term saw 36.0% opposition from this shareholder category. A resolution to approve material related party transactions for FY27 faced 40.3% votes against from the same group, despite passing with an overall 69.4% approval.
Voting Results and Scrutiniser Report for the Meeting held on August 31, 2026
Annual General Meeting · 01 Sept 2026, 10:26 pm
Indosolar AGM Voting Results Show High Public Dissent on Key Resolutions Indosolar announced results for its 17th AGM held on Aug 31, '26. While all five resolutions passed, voting from public non-institutional shareholders showed significant dissent. The resolution for adopting FY26 financial statements saw 32.23% of public non-institutional votes against it. Similarly, the reappointment of Hitesh Pranjivan Mehta and appointment of Nilesh Bhogilal Gandhi as directors faced 35.99% and 36.03% opposition from this group, respectively. The approval of related party transactions for FY27 was also opposed by 40.26% of public non-institutional votes.
Appointment of Nilesh Bhogilal Gandhi Pursuant to Shareholder''s Approval.
Change in Management · 01 Sept 2026, 10:20 pm
Indosolar Re-appoints Nilesh Gandhi as Independent Director Indosolar (WAAREEINDO) shareholders approved the re-appointment of Mr. Nilesh Bhogilal Gandhi as a Non-Executive Independent Director at the AGM on 31st Aug'26. His second five-year term is effective from 20th Apr'26. Gandhi has 30 years of experience in taxation, accounting, finance, and investments. The company confirmed he is not debarred by any SEBI order and has no relationship with the existing directors, KMP, or promoter group. This re-appointment ensures continuity in board oversight and governance.
Proceedings of AGM dated August 31, 2026
Annual General Meeting · 31 Aug 2026, 11:57 pm
Annual report for the FY 2025-26
Others (Uncategorized) · 08 Aug 2026, 4:34 am
Notice for the 17th Annual General Meeting for the FY 2025-26 of the Company.
Annual General Meeting · 08 Aug 2026, 2:37 am
Intimation for the 17th Annual General Meeting of the Company for the FY 2025-26.
Annual General Meeting · 08 Aug 2026, 2:34 am
Annual Report for FY 2025-26 of the Company.
Others (Uncategorized) · 08 Aug 2026, 2:25 am
Reclassification Application Approval by BSE
Others (Uncategorized) · 03 Aug 2026, 5:37 pm
Indosolar Promoters Reclassified as Public; BSE Notes Disclosure Delay Indosolar Ltd received approval from BSE on 31-Jul'26 for the reclassification of five promoter shareholders to public shareholders. The reclassification follows the company's application dated 07-Jun'25. The outgoing promoters, including Hulas Rahul Gupta and Greenlite Lighting Corporation, hold 0% shareholding. Separately, BSE noted a significant delay in the required regulatory disclosure, which was submitted on 10-Nov'25 instead of the 08-Jun'25 deadline, and has advised the company to ensure future compliance. Pre and post-reclassification promoter holdings remain unchanged at 74.93%.
Approval of reclassification application by NSE
Others (Uncategorized) · 01 Aug 2026, 10:12 pm
Indosolar Receives NSE Approval for Promoter Reclassification Indosolar Limited (WAAREEINDO) received NSE approval on Jul 31, '26 for the reclassification of five promoter/promoter group entities, including Hulas Rahul Gupta and Greenlite Lighting Corporation. This follows the company's application on Jun 04, '25. Separately, NSE noted a significant delay in the company's regulatory disclosure for this application, which was filed on Nov 10, '25 instead of the required Jun 05, '25 deadline. The exchange has advised the company to ensure future compliance and initiate corrective steps.
Press Release on Unaudited Standalone Financials Results for the Quarter Ended June 30, 2026.
Press Release · 24 Jul 2026, 1:52 am
Indosolar Q1FY27 EBITDA Margin Expands Sharply Despite Revenue Decline Indosolar reported a significant 64.89% YoY revenue decline to ₹68.36 crores for Q1FY27, ended 30 Jun'26, due to a shift from direct distribution to tolling contracts. Despite lower revenue, EBITDA margin expanded dramatically to 70.89% from 32.65% in Q1FY26, an increase of 117.11%. PAT fell 68.65% YoY to ₹36.62 crores. Module production was 224 MW, down from 244 MW, while module sales stood at 218 MW compared to 231 MW in the prior year's quarter.
Unaudited Standalone Financials Results along with Limited review report for the Quarter Ended June 30, 2026
Financial Result · 23 Jul 2026, 11:32 pm
Indosolar Reports Sharp YoY Decline in Q1 FY27 Revenue and Profit Indosolar's Q1 FY27 results show a significant YoY decline, with revenue from operations falling 64.9% to ₹6,836.14 lakhs from ₹19,467.57 lakhs. Profit After Tax (PAT) dropped 68.7% YoY to ₹3,661.93 lakhs. On a QoQ basis, revenue decreased by 17.7% and PAT fell by 12.8%. Other income for the quarter was ₹838.70 lakhs, including a subsidy recognition of ₹591.69 lakhs. Basic EPS for the quarter stood at ₹8.80, a sharp fall from ₹28.07 in the prior year's quarter and ₹10.09 sequentially.
Unaudited Standalone Financials Results along with the Limited Review Report for Quarter Ended June 30, 2026 .
Outcome · 23 Jul 2026, 11:20 pm
Indosolar Q1FY27: Revenue Declines While Other Income Boosts Profitability Indosolar reported a sharp 64.9% YoY and 17.7% QoQ decline in revenue from operations to ₹6,836.14 lakhs for the quarter ended 30 Jun'26. However, profit after tax (PAT) fell only 12.8% QoQ to ₹3,661.93 lakhs, supported by a significant rise in other income, which included ₹591.69 lakhs from a government subsidy. Basic EPS stood at ₹8.80, down from ₹10.09 in the prior quarter and ₹28.07 in the previous year. Total expenses increased 4.9% QoQ but decreased 79.2% YoY.
Indosolar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/07/2026 ,inter alia, to consider and approve Financial Results for the quarter ....
Intimation · 23 Jul 2026, 5:30 am
Indosolar Board Meeting on Jul 23, '26 to Approve Q1 Results Indosolar Limited (NSE: WAAREEINDO, BSE: 533257) has scheduled a Board meeting on Jul 23, '26. The primary agenda is to consider and approve the standalone unaudited financial results for the quarter ended Jun 30, '26. In connection with this, the trading window for designated persons has been closed from Jul 01, '26 and will reopen 48 hours after the financial results are declared. This action is in compliance with SEBI's insider trading regulations.
Indosolar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/07/2026 ,inter alia, to consider and approve Financial Results for the quarter ....
Intimation · 23 Jul 2026, 5:30 am
Indosolar Board Meeting on Jul 23, 2026 to Approve Q1 Results Indosolar Limited (WAAREEINDO, BSE: 533257) has scheduled a Board of Directors meeting on Jul 23, '26. The agenda includes the consideration and approval of the standalone unaudited financial results for the quarter ended Jun 30, '26. The company also confirmed the closure of its trading window for designated persons from Jul 01, '26, until 48 hours after the financial results are declared, in compliance with insider trading regulations. This meeting is a key event for the upcoming earnings announcement.