WAAREEINDO
Indosolar Limited
NSELast Traded Price
₹207.27
9.87 (5%)
Open
₹203.98
High
₹207.27
Low
₹197.8
Prev Close
₹197.4
Industry
Heavy Electrical Equipment
Market Cap
862.32 Cr
Filing History
Recent corporate announcements and filings for WAAREEINDO
Routine
Neutral
2026-09-28 10:34
- Trading window for dealing in company shares closed from October 1, 2026.
- Closure will remain effective until 48 hours post declaration of Q2 and half-year ended September 30, 2026 financial results.
- Board meeting date for result approval will be informed in due course.
Business Update
Positive
2026-09-23 20:18
- Board of Directors approved the scheme of amalgamation of Indosolar Limited with Waaree Energies Limited on September 23, 2026.
- Rationale includes group structure simplification, operational synergies, enhanced liquidity, and long-term growth.
- Share exchange ratio: 1 Waaree Energies share for every 11 Indosolar shares.
Business Update
Positive
2026-09-23 20:15
- Board approved scheme of amalgamation of Indosolar Limited with Waaree Energies Limited on September 23, 2026.
- The scheme aims to simplify group structure, achieve operational synergies, and enhance shareholder liquidity.
- Share Exchange Ratio: 1 equity share of Waaree Energies for every 11 equity shares of Indosolar.
Governance
Neutral
2026-09-01 17:12
- Indosolar Limited submitted the Voting Results and Scrutinizer Report for its 17th Annual General Meeting (AGM) held on August 31, 2026, through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
- All resolutions placed before the shareholders were passed with the requisite majority.
- Key approvals include adoption of the Audited Financial Statements for FY 2025-26, appointment of Mr. Hitesh Pranjivan Mehta as a Director, re-appointment of Mr. Nilesh Bhogilal Gandhi as an Independent Director for a second term of 5 years, ratification of Cost Auditors' remuneration for FY 2026-27, and approval of Material Related Party Transactions for FY 2026-27.
Governance
Neutral
2026-09-01 16:44
- Re-appointment of Mr. Nilesh Bhogilal Gandhi as an Independent Director (Non-Executive) for a second term of 5 consecutive years.
- The re-appointment is effective from April 20, 2026.
- Approved by members at the 17th Annual General Meeting held on August 31, 2026.
Routine
Neutral
2026-08-07 21:11
New Filing detected. See link for details.
Ownership
Negative
2026-08-03 12:10
CRITICAL RED FLAG DETECTED
- BSE approved the reclassification of five promoter entities/individuals (Hulas Rahul Gupta, Greenlite Lighting Corporation, Bhushan Kumar Gupta, Priyadesh Gupta, Abha Gupta) as public shareholders.
- BSE noted a non-compliance regarding delayed disclosure of the reclassification application.
- The company was advised to exercise due diligence to avoid recurrence of such lapses.
Ownership
Negative
2026-08-01 16:39
CRITICAL RED FLAG DETECTED
- NSE granted approval for Reclassification of Promoter(s)/Promoter Group(s) for 5 entities based on the application dated June 04, 2025.
- NSE issued a serious warning for non-compliance as the required disclosure for the reclassification was submitted on November 10, 2025, instead of on or before June 05, 2025.
- The company was advised to exercise due diligence to avoid recurrence of such lapses.
Financials
Negative
2026-07-23 20:24
- Standalone Revenue ₹68.36Cr vs ₹194.68Cr (▼64.89% YoY)
- EBITDA ₹48.46Cr vs ₹63.57Cr (▼23.77% YoY)
- PAT ₹36.62Cr vs ₹116.79Cr (▼68.65% YoY)
- EBITDA Margin 70.89% vs 32.65% (▲3824bps)
Financials
Negative
2026-07-23 17:51
- Standalone Revenue ₹68.36Cr vs ₹194.68Cr (▼65.0% YoY)
- EBITDA ₹48.46Cr vs ₹63.57Cr (▼23.8% YoY)
- PAT ₹36.62Cr vs ₹116.79Cr (▼68.6% YoY)
- EBITDA Margin 70.89% vs 32.65% (▲3824bps)
Routine
Neutral
2026-06-26 10:59
- The trading window for Directors, KMP, Designated Persons, and their relatives will close from July 01, 2026.
- It will reopen 48 hours after the declaration of standalone unaudited financial results for the quarter ended June 30, 2026.
- The date of the Board Meeting to approve the results will be informed in due course.
Ownership
Neutral
2026-04-29 18:21
Indosolar Limited announced the completion and disbursement of net proceeds from the sale of fractional share entitlements on April 28, 2026. This action was taken in full compliance with the Resolution Plan approved by the NCLT on April 21, 2022, which had involved a reduction of paid-up share capital and creation of these fractional entitlements.
Financials
Positive
2026-04-20 21:41
Standalone Revenue ₹679.85Cr vs ₹323.91Cr (▲109.89% YoY), EBITDA ₹270.75Cr vs ₹95.04Cr (▲184.88% YoY), PAT ₹246.60Cr vs ₹54.78Cr (▲350.16% YoY) for FY26. EBITDA Margin 39.82% vs 29.34% (▲1048bps).
Governance
Positive
2026-04-20 20:29
Board approved Standalone Audited Financial Results for Q4 FY26. Key appointments include Mr. Nilesh Bhogilal Gandhi as Independent Director, Mr. Abhishek Pareek as CFO, M/s Mahajan & Aibara as Internal Auditor, and M/s N Ritesh & Associates as Cost Auditor for FY2026-27.
Governance
Neutral
2026-04-20 19:46
Indosolar Limited's Board Meeting on April 20, 2026, approved standalone financial results (not included in this filing) and key appointments: Mr. Nilesh Bhogilal Gandhi as Independent Director and Mr. Abhishek Pareek as Chief Financial Officer. Internal and Cost Auditors for FY2026-27 were also appointed.
Governance
Neutral
2026-04-20 19:46
The Board of Directors of Indosolar Limited met on April 20, 2026, to approve Standalone Audited Financial Results for Q4 and FY ended March 31, 2026. Key appointments include Mr. Nilesh Bhogilal Gandhi as Independent Director and Mr. Abhishek Pareek as CFO, along with new Internal and Cost Auditors.
Governance
Neutral
2026-04-20 19:34
The Board of Directors of Indosolar Limited, in a meeting on April 20, 2026, approved standalone audited financial results. They also appointed Mr. Nilesh Bhogilal Gandhi as an Independent Director, Mr. Abhishek Pareek as CFO, and M/s Mahajan & Aibara and M/s N Ritesh and Associates as Internal and Cost Auditors respectively for FY 2026-27.
Governance
Neutral
2026-04-20 19:34
The Board of Directors approved Standalone Audited Financial Results for Q4 and FY26. Key appointments include Mr. Nilesh Bhogilal Gandhi as an Independent Director and Mr. Abhishek Pareek as Chief Financial Officer. M/s Mahajan & Aibara Chartered Accountant LLP and M/s N Ritesh and Associates were appointed as Internal and Cost Auditors, respectively.
Governance
Positive
2026-04-20 19:30
Indosolar Limited approved Standalone Audited Financial Results for Q4 and Year Ended March 31, 2026. Mr. Nilesh Bhogilal Gandhi was appointed as Independent Director and Mr. Abhishek Pareek as CFO, effective April 20, 2026. Internal and Cost Auditors were also appointed.