Indosolar Board approves draft amalgamation scheme with Waaree Energies Limited
Indosolar Ltd · Electrical Equipment
What the filing says
- Board approved the draft scheme on September 23, 2026; it needs approvals from BSE, NSE, the NCLT, and shareholders and creditors (as applicable).
- Share exchange ratio: 1 equity share of INR 10 of Waaree Energies for every 11 equity shares of INR 10 of Indosolar.
- Indosolar promoters held 74.93% as on June 30, 2026, and Indosolar will be dissolved once the Scheme is effective; Waaree promoters go from 64.12% to 63.91%.
Why it's rated notable: merger demerger is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.