Unaudited Standalone Financials Results along with Limited review report for the Quarter Ended June 30, 2026

a WAAREEgr oup company July 23,2 026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza’ . C- 1, Block G. Phiroze Jeejeebhoy Towers, BandraK urla Complex, Bandra( E), Mumbai - 400 051 DalaI Street,F ort, Mumbai – 400 001 Company Symbol: WAAREEINDO Script Code: 533257 Subject: Outcome of the Board Meeting to be held on July 23, 2026 Dear Sir/Madam, In compliance with the Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulation,2 0 15( the “SEBI Listing Regulations”) we wish to inform that the Board of Directorsa t its meeting held on Thursday, July 23, 2026, inter alia has: 1. Considered and Approved the Standalone unaudited financial results for quarter ended on June 30, 2026, along with the limited review report thereupon enclosed herewith asA nnexure I and Annexure II respectively. A copy of the financial results would also be published in the newspaper in Compliance with Regulation 47 of the SEBI Listing Regulation. The meeting commenced at IC : M. PM. and concluded at 16 : A. PM. The above information will also be available on the website of the Company at https://indosolar.co.in/ We requesty ou to please{ $ke the afore-mentionedi nformation in record and oblige. For IndosolarL imited Akalpita Harnish Patel Company Secretary and Compliance Officer Membership No-ACS40528 Email Id: akaIpitapatel@waaree.com Indosolar Limited Registered Office: Unit No. 301, 3rd floor of the commercial complex namely "Building 02, Southern Park", Saket, New Delhi-1 10017. Tel : +91-120-4762500 Factory: 3C/1 eco Tech -11, Udyog Vihar, Greater Noida – 201306, Uttar Pradesh, India I CIN: L18101DL2005PLC 134879 Indosolar Limited CIN: L18101 DL2005PLC134879 Regd Office: Unit no. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, India. E-mail : secretarial@waaree.com I Website:www.indosolar.co.in 1T elephone No : 022-6939 5500 Statement of Unaudited Financial Results for the quarter ended June 30, 2026 in Lakhs Three Month Ended Year ended Sr. June March June March Particulars No 30, 2026 31, 2026 30, 2025 31, 2026 Unaudited Audited Unaudited Audited 1 Income Revenue from operations 6,836.14 8,309.88 19,467.57 67,984.85 Other Income (Refer note 4) 838.70 113.42 132.06 151.69 Total income 7,674.84 8,423.30 19,599.63 68,136.54 2 Expenses Cost of materials consumed 2, 178.71 326.50 12,151 .32 35,415.82 Changes in Inventories (1 ,471.87) 301.71 (279.9)1 561.78 Manufacturing expenses 836.78 741.03 710.06 3,007.65 Employee benefits expense 174.51 166.59 123.66 578.88 Finance costs 7.68 1.13 62.43 126.94 Depreciation and amortisation expense 930.30 914.01 910.43 3,670.79 Other expenses 271.71 340.95 405.89 1, 346.22 Total Expenses 2,927.82 2,791.92 14,083.88 44,708.08 3 Profit before tax (1-2) 4,747.02 5,631.38 5,515.75 23,428.46 Exceptional item 4 Profit from ordinary activities before tax 4,747.02 5,631.38 5,515.75 23,428.46 Tax Expense: Deferred Tax 1, 085.09 1,431.50 (6, 163.51) (1,231 .45) Fax of earlier years Profit after tax (3-5) 3,661.93 4,199.88 11 ,679.26 24,659.91 :)ther Comprehensive Income terns that will not be reclassified into Profit or loss (0.62) terns that will be reclassified into Profit or loss FotalC omprehensivei ncome for the period (6+7) 3,661.93 4,199.26 I1 ,679.26 24,659.29 >aid-up equity share capital (Face Value of t 10 each) 4, 160.37 10 F ieserves (excluding Revaluation Reserve) 24,540.41 11 E:arningsp ers hare (of f 10/ - each) not annualised for quarters) (a) Basic (in ?) 59.27 (b) Diluted(in ?) 59.27 IndosolarL imited CIN: L18101 DL2005PLC134879 Regd Office: Unit no, 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, India. E-mail : secretarial@waaree.comI Website:www.indosolar.co.in1 T elephone No : 022-6939 5500 Notes 1 The above Financial Results of the Companyh ave been reviewed by the Audit committee and approved by the Board of Directorsa t their respectivem eeting held on July 23, 2026. 2 The financial results have been prepared in accordance with Indian Accounting Standard ("Ind AS") prescribed under section 133 of the Companies Act 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation & Disclosure Requirements)R egulations,2 015 (as amended) and SEBI Circular Dated July 05, 2016. 3 The Company has identified "Manufacturing & Trading of Solar Photovoltaic Modules" as its only primary reportable segment in accordance with the requirements of Ind AS 108, 'Operating Segments'. Accordingly, no separate segment information has been provided. 4 During the quarter, the Company has receiveda Capital Subsidy approval of ?929,67 Lakhs dated May 19, 2026 under the U.P. Electronics Manufacturing Policy - 2020 (First Amendment). As per Ind AS 20- Accounting for Government Grants and Disclosure of GovernmentA ssistance, the Company has recognized subsidy income amounting to ? 591.69 lakhs under Other Income and balance of ?337.98 Lakhs has been recognized as a Deferred Government Grant. 5 During the period under review the company does not have any subsidiary/associates/Joint Venture company(ies), Hence, the disclosure as per the relevant Indian Accounting Standard i.e Ind AS 1 10 Consolidated Financial Staternent is not applicable as on June 30, 2026. 6 The figures for three months ended March 31, 2026 are arrived at as difference between audited figures in respect of the full financial year ended March 31 , 2026 and the unaudited published figures upto nine months ended December 31, 2025. 7 Figures of the previous reporting period has been reclassified/ regrouped wherever necessary to correspond with the figures of the current reporting period, For in Ta Fted „ TB h C Dbsh' Place: Mumbai and Managing Date : July 23, 2026 DIN 00293668 SGCO & Co.L LP Chartered Accountants Independent Auditor’s Limited Review Report on the Statement of Unaudited Quarterly financial results of Indosolar Limited for the quarter ended June 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)R egulations, 2015,a s amended The Board of Directors of Indosolar Limited 1. We have reviewed the accompanying statement of unaudited Ind AS financial results of Indosolar Limited ('the Company’) for the quarter ended June 30, 2026 ('the Statement’) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulation’). 2. This Statement, which is the responsibility of the Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting’ ('Ind AS 34'), prescribed under Section 133 of the CompaniesA ct, 2013 read with relevant rules issued thereundera nd other recognized accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India, This standard requires that we plan and perform the review to obtain moderate assurance as to whether financial results are free of material misstatements. A review consists of making inquiries, primarily of persons responsible for financiala nd accounting matters, and applying analytical and other review procedures, A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion, 4. Based on our [Showing first 8,000 characters — download PDF for full document]