April 20, 2026

To. National Stock Exchange of India Limited Exchange Plaza'. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Company Symbol: WAAREEINDO

To. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

Script Code: 533257 ISIN: INE866K01023

Outcome of the Board Meeting held on April 20, 2026 Subject:

Dear Sir/Madam,

Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we hereby inform you that the Board of Directors of the Company, at its meeting held on Monday, April 20, 2026 inter alia, considered and approved the following matters:-

1. Financial Results

Approved the Standalone Audited Financial Results of the Company for the quarter and year ended March 31, 2026, along with the Audit Report thereon. The said Audit Report and Financial Results are enclosed herewith as Annexure III and Annexure IV, respectively. The Financial Results will also be published in the newspapers in compliance with Regulation 47 of the SEBI LODR Regulations;

2. Appointment of Director

Approved the appointment of Mr. Nilesh Bhogilal Gandhi (DIN: 03570656) as an additional director (Non-Executive, Independent Director) of the Company with effect from April 20, 2026, and further as a Director (independent director), subject to the approval of the members in the ensuing general meeting to be held within 3 months whichever is earlier.

The disclosures required pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, are enclosed as Annexure I:

3. Appointment Chief Financial Officer

Approved the appointment of Mr. Abhishek Pareek Chief Financial Officer and Key Managerial Officer of the Company with effect from April 20, 2026

The disclosures required pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, are enclosed as Annexure I:

Indosolar Limited

Registered Office:

Unit No. 301, 3rd floor of the commercial complex namely "Building 02, Southern Park", Saket, New Delhi-110017. Tel: +91-120-4762500

Factory:

4. Appointment of Internal Auditor

Appointed M/s Mahajan & Aibara Chartered Accountant LLP, chartered accountants as internal auditor of the Company to conduct internal audit of the Company for the financial year 2026-2027;

5. Approved appointment of Cost Auditor

Approved appointment of M/s N Ritesh and Associates, cost accountants as cost auditor of the Company to conduct cost audit of the Company for the financial year 2026-2027 subject to approval of the shareholders.

The disclosures required pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, are enclosed as Annexure I:

The meeting commenced at IST 16:45 and concluded at IST 18:40 The above information will also be available on the website of the Company at https://indosolar.co.in/

We request you to please take the afore-mentioned information on record and oblige.

For. Indosolar Limited

$\lambda$ 02102

Akalpita Harnish Patel Company Secretary and Compliance Officer Membership No-ACS40528 Email Id: [email protected]

Indosolar Limited

Registered Office:

Unit No. 301, 3rd floor of the commercial complex namely "Building 02, Southern Park", Saket, New Delhi-110017. Tel: +91-120-4762500

Factory:

Annexure I

Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024

Sr.N $\bf{0}$	Particulars	Nilesh Mr. Bhogilal Gandhi (DIN: 03570656)	Mr. Abhishek Pareek	M/s Mahajan Aibara & Chartered Accountant LLP	M/s N Ritesh and Associates Cost Accountants
1.	Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise;	Appointment of Mr. Nilesh Bhogilal Gandhi as an additional independent director	Appointment of Abhishek Pareek a Chief as Financial Officer and Key Managerial Personnel the Company.	Reappointed internal as auditor for the financial year 2026-2027	Reappointed as cost auditor for financial the year 2026-2027
2.	Date of appointment/ re-appointment/ cessation (as applicable) & term of appointment/ re- appointment;	April 20, 2026	20, April 2026	April 20, 2026	April 20, 2026
3.	Brief profile (in case of appointment);	Nilesh Gandhi global a is business strategist having over three decades of successful and career experience in in setting up and managing treasury department as an independent profit center and Investment His Industry. major experience is investing in loan into against shares, promoters	Mr. Abhishek Pareek is dynamic professional, is he a Chartered Accountant and is having experience of $18 +$ years' experience in banking, trade finance, Budgeting, financial analysis, forex and treasury management. is also He Chief Financial Officer of Waaree Energies Limited . He	Mahajan and Aibara $(M&A)$ is a 40-year-old boutique firm $\circ$ f Chartered Accountants and Consultants specializing only in Risk Consulting and risk based Internal and Operational audits. M&A is one of the leaders in this field and well known for the quality of work with a team of about	M/s N. Ritesh & Associates, Cost Accountants (Firm Registration No. R100675), is a professional firm established 2008 with in extensive experience in the field of cost audit, cost accounting, and management consultancy. The firm has a diversified industry exposure and has undertaken audits cost sectors across

Indosolar Limited

Registered Office:

Unit No. 301, 3rd floor of the commercial complex namely "Building 02, Southern Park", Saket, New Delhi-110017. Tel: +91-120-4762500

Factory:

funding,	has	$400+$ been	people	such as rubber,
	associated with equity, private	and	10 ₁	textile,
	equity, private Waaree Group	partners	with	chemicals,
equity	since 2017 and funds.	offices	in	petrochemicals,
real	estate is	currently Mumbai,		cement, steel,
	responsible for venture funds.	Delhi,		fertilizers,
angel	overseeing finance	Bangalore and		engineering,
	investments, functions equity mutual	Pune. οf		pharmaceuticals
funds,	loan the Company,	M&A	also	and other
against	its subsidiaries	have a number		manufacturing
	properties and and	other οf	global	industries. M/s
various	debt companies	internal audit		Ritesh N. &
	products. He within	the mandates from		is Associates
	is also very group.	multinationals		known for its
active		and $\overline{\phantom{a}}$	they	professional
members	of He	was carry	out	expertise,
Mumbai	previously	audits in 20		independence,
angels	associated with and Shubhalakshm	different		and ability to
Intellecap Investment	i	countries. As a Polyesters		deliver tailored
Network.	Limited	firm they have as		solutions aimed
	chief financial	made		improving at
Mr.	officer Gandhi	and significant		efficiency cost
holds	with	Bothra investments in		and operational
bachelor's	Metals	& development		performance.
degree	in Alloys	of audit tools,
commerce	Limited. He is	technology,
	also (Management	director and
	Waaree Accounting) and bachelor's	knowledge
	Transpower Private degree in in	database	to
Law	Limited	ensure and
	University of Waaree Smart	delivery	of
	Meters Private Mumbai, He is	high-quality
also	Limited Fellow	services.
	member ICAI.
	The Board is of
Being	the	opinion
Chartered	that	his
accountant	expertise would be of
and his	Lawyer, significant
professional	benefit to the
career	Company and has
been	would
dedicated	contribute
towards	valuable
treasury	insights. and
investments.
	His expertise
	is in Equity,
Real	private equity, estate
financing.

Registered Office:

Unit No. 301, 3rd floor of the commercial complex namely "Building 02, Southern Park", Saket, New Delhi-110017. Tel: +91-120-4762500

Factory:

$\overline{4}$ .	of Disclosure	Gandhi Mr.	Mr. Abhishek	NA	NA
	relationships between	is not related	Pareek is not
	directors (in case of	to any of the	related to any
	appointment of a	Directors or	_of the
	director).	Key	Directors or
		Managerial	Key
		Personnel or	Managerial
		Promoters	Personnel or
		and Promoter	Promoters
		group of the	and Promoter
		Company.	group of the
			Company.
		He is
		independent	He is also a
		director _of	Chief
		Waaree	financial
		Renewable	officer of the
		Technologie	holding
		Limited, $\mathbf{s}$	Company
		Subsidiary of	Waaree
		holding	Energies
		company of	Limited
		Waaree
		Energies
		Limited.
5.	Information as	Mr. Gandhi	Mr. Pareek is	NA	NA
	required under BSE	is not	not debarred
	circular no.	debarred	from holding
	LIST/COMP/14/2018	from holding	the office of
	$-19$ , dated June 20,	the office of	Chief
	2018	Director by	Financial
		virtue of any	Officer by
		SEBI Order	virtue of any Order
		or any other	SEBI
		such	or any other such
		authority.	authority.

Registered Office:

Unit No. 301, 3rd floor of the commercial complex namely "Building 02, Southern Park", Saket, New Delhi-110017. Tel: +91-120-4762500

Factory:

CIN: L18101DL2005PLC134879 Regd Office: Unit no. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, India.
E-mail : [email protected] | Website:www.indosolar.co.in | Telephone No : 022-6939 5500 Statement of Assets & Liabilities as at March 31, 2026

₹ in lakhs
Particulars	As at March 31, 2026	As at March 31, 2025
	(Audited)	(Audited)
ASSETS
Non current assets
Property, plant and equipment	7,572.95	10,672.75
Capital work in progress		11.05
Right to use assets	1,528.88	1,558.18
Intangible asset	0.51	0.59
Financial assets
(i) Security Deposit	108.10	55.74
(ii) Other financial assets	55.29	34.46
Deferred tax assets (net)	1,231.45 102.45	36.23
Income tax assets (Net)		12,369.00
Total Non current assets	10,599.63
Current assets
Inventories	2,108.26	7,443.13
Financial assets
(i) Trade receivables	20,961.51	465.54 1,303.28
(ii) Cash and cash equivalents	109.41 466.86	406.32
(iii) Bank balances other than cash & cash equivalents (iv) Other financial assets	16.90	17.35
Other current assets	177.73	2,071.63
Total Current assets	23,840.67	11,707.25
TOTAL ASSETS	34,440.30	24,076.25
EQUITY AND LIABILITIES Equity Equity Share Capital	4,160.37	4,160.37
Other Equity	24,540.41	(118.88)
Total Equity	28,700.78	4,041.49
Liabilities
Non-current liabilities
Financial Liabilities
(i) Borrowings		3,500.00
(ii) Lease Liabilities	297.39	289.70
Provision	60.85	25.82
Other Non Current liabilities	1,823.73	1,823.73
Total Non current liabilities	2,181.97	5,639.25
Current liabilities
Financial Liabilities
(i) Borrowings	9.81	1,205.21 9.12
(ii) Lease liabilities (iii) Trade payables
- Due to micro and small enterprises	109.21	764.12
- Due to Others	1,892.19	7,528.94
(iv) Other financial liabilities	470.79	4,116.17
Provision	281.04	128.86
Other current liabilities	794.51	643.09
Total Current liabilities	3,557 55	14,395.51
TOTAL EQUITY AND LIABILITIES	34,440.30	24,076.25

CIN: L18101DL2005PLC134879 Regd Office: Unit no. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, India.
E-mail : [email protected] | Website:www.indosolar.co.in | Telephone No : 022-6939 5500

Statement of Audited Financial Results for the quarter and year ended March 31, 2026

	₹ in Lakhs
		Three Month Ended			Year ended
Sr.	Particulars	March	December	March	March	March
No		31, 2026	31, 2025	31, 2025	31, 2026	31, 2025
		Audited	Unaudited	Audited	Audited	Audited

1	Income				67,984.85	32,390.62
	Revenue from operations	8,309.88	19,952.61 17.28	19,200.48 58.25	151.69	83.94
	Other Income	113.42			68,136.54	32,474.56
	Total income	8,423.30	19,969.89	19,258.73
$\mathbf{2}$	Expenses
	Cost of materials consumed	326.50	11,663.25	12,412.44	35,415.82	20,517.41
	Changes in Inventories	301.71	28.37	390.94	561.78	(798.66)
	Manufacturing expenses	741.03	759.85	751.47	3.007.65	1,985.52
	Employee benefits expense	166.59	158.64	111.79	578.88	306.01
	Finance costs	1.13	24.91	174.87	126.94	1,377.78
	Depreciation and amortisation expense	914.01	924.65	896.94	3,670.79	2,732.89
	Other expenses	340.95	242.57	515.88	1,346.22	875.87
	Total Expenses	2,791.92	13,802.24	15,254.33	44,708.08	26,996.82
3	Profit before tax (1-2)	5,631.38	6,167.65	4,004.40	23,428.46	5,477.74
	Exceptional item
4	Profit from ordinary activities before tax	5,631.38	6,167.65	4,004.40	23,428.46	5,477.74
5	Tax Expense:
	Deferred Tax (Refer note 4)	1,431.50	2,020.64		(1, 231.45)
	Tax of earlier years					(0.45)
6	Profit after tax (3-5)	4,199.88	4,147.01	4,004.40	24,659.91	5,478.19
7	Other Comprehensive Income
	Items that will not be reclassified into Profit or loss	(0.62)		0.28	(0.62)	0.07
	Items that will be reclassified into Profit or loss
8	Total Comprehensive income for the period (6+7)	4,199.26	4,147.01	4,004.68	24,659.29	5,478.26
9	Paid-up equity share capital (Face Value of ₹ 10 each)	4,160.37	4,160.37	4,160.37	4,160.37	4,160.37
	10 Reserves (excluding Revaluation Reserve)				24,540.41	(118.88)
	11 Earnings per share (of ₹ 10 /- each)
	(not annualised for quarters)
	(a) Basic (in ₹)	10.09	9.97	9.63	59.27	13.17
	(b) Diluted(in ₹)	10.09	9.97	9.63	59.27	13.17

CIN: L18101DL2005PLC134879

Regd Office: Unit no. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, India.
E-mail : [email protected] | Website:www.indosolar.co.in | Telephone No : 022-6939 5500

Cash Flow Statement for the year ended March 31, 2026

Particulars	Year ended March 31, 2026 (Audited)	Year ended March 31, 2025 (Audited)
A. Cash flow from operating activities
Profit before tax	23,428.46	5,477.74
Adjustments for:
Depreciation and Amortisation Expense	3,670.79	2,732.89
Profit on sale of Non Current Assets held for sale		(6.86)
Finance costs	126.94	1,377.78
Provision for warranty	167.04	140.32
Interest income	(151.69)	(26.96)
Operating profit before working capital changes	27,241.54	9,694.91
Movements in Working Capital:
(Increase)/decrease in Other financial assets	(4.82)	4.82
(Increase)/decrease in Other current assets	1,893.90	(1,803.20)
(Increase)/decrease in Other Non Current financial assets	(62.30)	(65.54)
(Increase)/decrease in Inventories	5.334.87	(7, 427.25)
(Increase)/decrease in Trade receivables	(20, 408.71)	(465.54)
Increase/(decrease) in Trade payables	(6, 291.66)	8,057.09
Increase/(decrease) in Other financial liabilities	29.50	(8.07)
Increase/(decrease) in Provisions	20.15	13.37
Increase/(decrease) in Other liabilities	151.41	537.64
Cash used from operations	7,903.88	8,538.23
Direct taxes paid (net of refunds)	(66.85)	(32.87)
Net cash generated from operating activities	7,837.03	8,505.36
B. Cash flow from investing activities
Acquisition of Property, plant and equipment and intangible assets (including capital work in progress, payable for capital goods and capital advances)	(2,488.01)	(2,057.74)
Proceeds from sale of non current assets held for sale		53.76
Movement in Fixed Deposits with Banks	14.94	32.00
Interest received	27.39
Net cash used in investing activities	(2, 445.68)	(1,971.98)
C. Cash flow from financing activities
Repayment of Lease Liabilities	(13.69)	(8.63)
(Repayment)/proceeds of borrowings (net)	(4,705.21)	(5, 188.18)
Finance cost	(1,866.32)	(126.16)
Net cash used in financing activities	(6, 585.22)	(5,322.97)
Net increase/ (decrease) in cash and cash equivalents (A+B+C)	(1, 193.87)	1,210.41
Add: Cash and cash equivalents at the beginning of year	1,303.28	92.87
Cash and cash Equivalents at the end of year	109.41	1,303.28

CIN: L18101DL2005PLC134879 Regd Office: Unit no. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, India.

E-mail: [email protected] | Website:www.indosolar.co.in | Telephone No: 022-6939 5500

Notes

1 The above Financial Results of the Company have been reviewed by the Audit committee and approved by the Board of Directors at their respective meeting held on April 20, 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) Regulations, 2015 (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 The Company had not recognised deferred tax assets till previous years, based on prudence under Ind AS 12. However, considering probable future taxable profits, deferred tax assets (net) of ₹ 6,163.51 lakhs have been recognised during the quarter ended June 30, 2025.
5 The Company has commenced its commercial operations at its factory located at Greater Noida, Uttar Pradesh, India with effect from July 11, 2024, hence the figures of the year ended March 31, 2026 is not comparable with the previous year ended March 31, 2025.
6 During the year 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 110 Consolidated Financial Staternent is not applicable as on March 31, 2026
7 Figures of the previous reporting period has been reclassified/ regrouped wherever necessary to correspond with the figures of the current reporting period.

For Indosolar Limited

Hitesh P Mehta Director DIN 00207506

Place: Mumbai Date: April 20, 2026 Independent Auditor's Report on the quarter and year ended financial results of the Indosolar Limited

SGCO&Co.LLP

Chartered Accountants

pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Requlations 2015.

To The Board of Directors Indosolar Limited

Opinion

We have audited the accompanying statement for the quarterly and year to date financial results of Indosolar Limited (the "Company") for the quarter ended March 31, 2026 and for the year ended March 31, 2026 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial results:

(i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

(ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act, 2013 ("the Act"), as amended, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2026 and for the year ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

4A, Kaledonia, 2nd Floor, Sahar Road, Near Andheri Station, Andheri (East), Mumbai - 400 069

Tel. +91 22 6625 6363 Fax. +91 22 6625 6364 E-mail. [email protected] www.sgco.co.in

Mumbai ^• Delhi ^• Jaipur

Chartered Accountants

Management's Responsibilities for the Financial Results

The Statement have been prepared on the basis of the annual financial statements. The Company's Management and Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other financial information in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the Act, as amended issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies: making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Company, as aforesaid.

In preparing the Statement, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

SGCO&Co.LLP Chartered Accountants

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors use of the going concern basis of $\bullet$ accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance of the Company of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

The Statement include the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures upto the third quarter of the current financial year which were subject to limited review by us.

$c₀$ $8₆$

FRN: 112081W

W100184

ာ

้เค

For SGCO&Co.LLP Chartered Accountants Firm's Registration No. 112081W/W100184

$\cdot$ K. muschi $\Omega$

Nitesh Musahib Partner Membership No. 131146 UDIN: 26131146 MBS01

Date: April 20, 2026 Place: Mumbai

April 20, 2026

To. National Stock Exchange of India Limited Exchange Plaza'. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Company Symbol: WAAREEINDO

To. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

Script Code: 533257 ISIN: INE866K01023

Declaration Pursuant to Regulation 33(3)(d) of Securities and Exchange Board of India Subject: (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Ma'am.

I, Abhishek Pareek, Chief Financial Officer of Indosolar Limited (CIN: L18101DL2005PLC134879) having its Registered office at Unit No. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017, hereby declare that, the Statutory Auditors of the Company, M/s S.G.C.O. CO. LLP, Chartered Accountants (FRN: 112081W/W100184) have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the Half Year and Year ended on March 31, 2026.

This Declaration is given in compliance to Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

You are requested to take the same on record.

For, Indosolar Limited

Abulatur

Abhishek Pareek Chief Financial Officer ACA523342