NSEDisclosure of material issue4d ago · 1 Aug 2026, 04:39 pm
Disclosure of material issue
Indosolar Limited · WAAREEINDO
✦ AI SummaryRegulatory
Indosolar Limited has received approval for the reclassification of promoters from the National Stock Exchange of India Limited, but was found to have submitted a required disclosure late, prompting a warning from the exchange.
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Earnings Impact5/10
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Governance Concern6/10
Regulatory Risk8/10
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Market Sentiment5/10
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Indosolar Limited has informed regarding Disclosure of material issue
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INDOSOLAR20_01082026163709_Disclosure30reclassfication.pdf
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August 01, 2026
To, To,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza’. C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Dalal Street, Fort, Mumbai – 400 001
Company Symbol: WAAREEINDO Script Code: 533257
ISIN: INE866K01023
Subject: Disclosure Under Regulation 30
Dear Madam/Sir,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Company has
received the following communications from National Stock Exchange of India Limited (“NSE”):
1. Letter bearing Ref. No. NSE/LIST/COMP/WAAREEINDO/492/2025-2026 dated July 31, 2026, granting
approval for Reclassification of Promoter(s)/Promoter Group(s) under Regulation 31A(9) of the SEBI LODR
Regulations, pursuant to the Company’s application dated June 04, 2025, in respect of the following
Promoter(s)/Promoter Group(s):
i. Hulas Rahul Gupta
ii. Bhushan Kumar Gupta
iii. Priyadesh Gupta
iv. Abha Gupta
v. Greenlite Lighting Corporation
2. Letter bearing Ref. No. NSE/LIST/WAAREEINDO/492 dated July 31, 2026, whereby NSE has observed that
the disclosure required to be submitted under Regulation 31A(8)(c) of the SEBI LODR Regulations, with respect
to the aforesaid application for Reclassification of Promoter(s) submitted by the Company on June 04, 2025, was
submitted on November 10, 2025, instead of on or before June 05, 2025. NSE has advised the Company to exercise
due diligence and initiate corrective steps to avoid recurrence of such lapses in future.
Copies of the aforesaid letters received from NSE are enclosed herewith for your records.
This is for your information and records.
For, Indosolar Limited
Akalpita Patel
Company Secretary and Compliance Officer
ACS 40528
Email Id: akalpitapatel@waaree.com
Indosolar Limited
Registered Office:
Unit No. 301, 3rd floor, Building 02, Southern Park", Saket, New Delhi-110017. Tel : +91-120-4762500
Factory:
3C/1eco Tech -11, Udyog Vihar, Greater Noida – 201306, Uttar Pradesh, India | CIN: L18101DL2005PLC134879
Ref: NSE/LIST/WAAREEINDO/492 Date: July 31, 2026
The Company Secretary
Indosolar Limited (‘the Listed entity’)
Unit No. 301, 3rd floor, Building 02,
Southern Park', Saket, New Delhi-110017
Subject: Exchange Letter
Dear Sir / Madam,
This is in reference to the application submitted by listed entity for seeking Reclassification of Promoter(s) under
the provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“SEBI LODR”).
As per Regulation 31A(8)(c) of SEBI LODR, in case of receipt of request for Re-classification by the listed
entity from the Promoter(s) seeking Re-classification, the disclosure is required to be submitted with the Stock
Exchanges within 24 hours from the occurrence of the event w.r.t. to submission of the application by the listed
entity for seeking no-objection from recognized Stock Exchanges. The listed entity submitted the application
with stock exchanges on June 04, 2025. However, it was observed that the aforesaid disclosure was submitted
on November 10, 2025, whereas it should have been submitted on or before June 05, 2025.
The aforesaid non-compliance on your part is viewed seriously. You are hereby advised to be careful in future,
exercise due diligence and initiate corrective steps to avoid recurrence of such lapses so as to ensure due
compliance with the applicable provisions of SEBI LODR and related SEBI circulars. Any aberration in future
will be viewed seriously, and appropriate action would be initiated.
Yours faithfully,
for National Stock Exchange of India Limited
Apeksha Raichura
Senior Manager – Listing Compliance
Ref: NSE/LIST/COMP/WAAREEINDO/492/2025-2026 Date: July 31, 2026
The Company Secretary
Indosolar Limited (‘the Listed entity’)
Unit No. 301, 3rd floor, Building 02,
Southern Park', Saket, New Delhi-110017
Subject: Approval letter for Reclassification of Promoter(s) / Promoter Group(s) under Regulation 31A
of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir / Madam,
This is in reference to your application dated June 04, 2025, requesting Approval letter for the Reclassification
of Promoter(s) / Promoter group(s) under Regulation 31A(9) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Based on the submission made by the listed entity, the Exchange grants Approval letter for the Reclassification
application dated June 04, 2025, for the following Promoter(s) / Promoter group(s) in accordance with
Regulation 31A(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sr. No. Name of Promoter(s) / Promoter(s) Group
1. Hulas Rahul Gupta
2. Bhushan Kumar Gupta
3. Priyadesh Gupta
4. Abha Gupta
5. Greenlite Lighting Corporation
You are required to ensure compliance with subsequent relevant disclosures of material events related to this
Reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.
Yours faithfully,
for National Stock Exchange of India Limited
Apeksha Raichura
Senior Manager – Listing Compliance
CC: National Securities Depository Limited Central Depository Services Limited
4th Floor, Trade world, Marathon Futurex, A-Wing,
Kamala Mills Compound, 25th floor, NM Joshi Marg,
Senapati Bapat Marg., Lower Parel, Mumbai - 400 073
Lower Parel, Mumbai - 400 013