BSECompany Update4d ago · 1 Aug 2026, 04:42 pm

Approval of reclassification application by NSE

Indosolar Ltd · 533257

✦ AI SummaryPromoter Reclassif.

Indosolar Ltd received approval for reclassification of promoters from NSE, with a minor non-compliance noted regarding disclosure timing.

Analysis Scores

Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Indosolar Ltd - 533257 - Disclosure Under Regulation 30

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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