INDOSOLAR LIMITED

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September 17, 2025

To, National Stock Exchange of India Limited BSE Limited Exchange Plaza’. C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Mumbai - Dalal Street, Fort, Mumbai – 400 001 400 051 Company Symbol: WAAREEINDO Script Code: 533257 ISIN INE866K01023

Subject: Disclosure Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) 2015

Dear Sir/Ma’am,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Waaree Energies Limited, being the Promoter of Indosolar Limited proposes to sell 61,00,000 equity shares of Indosolar Limited (representing 15% of its issued and paid-up capital) in order to comply with the minimum public shareholding (“MPS”) requirement.

The proposed sale is being undertaken at BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) through offer for sale mechanism of Stock Exchanges.

The Notice of Offer for Sale of equity shares issued to BSE and NSE is attached herewith along with the notice issued by BSE and NSE to the public are enclosed herewith . The same is also available on the website of the Company at www.indosolar.co.in.

Kindly take same on record and acknowledge the receipt of the same.

Thanking You,

For , Indosolar Limited

AKALPITA Digitally signed by AKALPITA HARNISH HARNISH PATEL Date: 2025.09.17 PATEL 19:12:49 +05'30'

__________

Akalpita Patel Company Secretary and Compliance Officer ACS40528

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

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National Stock Exchange of India Limited

Circular

Department: Capital Market Segment
Download Ref No: NSE/CMTR/70258	Date: September 17, 2025
Circular Ref. No: 122/2025

All Members,

Proposed Offer for Sale of Indosolar Limited

The seller of Indosolar Limited has intimated the Exchange of the proposed Offer for Sale of shares on September 18, 2025 and September 19, 2025. The Offer for Sale shall be in accordance with implementation of Interoperability among Clearing Corporations along with the Exchange Scheme circular NSE/CMTR/62927 dated July 12, 2024.

Members may please note the following:

All eligible trading members of the Capital Market segment can participate using eOFS platform.
The URL for NSE eOFS platform is https://eofs.nseindia.com .
The latest version of eOFS WEB API document is provided as below.

Particulars	URL
NSE e-OFS WEB API	https://www.nseindia.com/trade/platform-services-neat-trading-system- protocols

Members yet to receive Admin user ids are requested to provide their details on ENIT portal https://enit.nseindia.com/MemberPortal/. After logging into the portal, members are requested to provide details on the below path:

ENIT-NEW-TRADE → Membership → Enablement → eOFS .

The request shall be processed at intervals; viz. 11:00 a.m, 2:00 p.m and 3:00 p.m. Any request received post 3:00 p.m. shall be processed on next day by 8:45 am.
Members should ensure that only one request is raised for Admin User creation. Request once raised cannot be modified.
Members shall ensure that compliant UCC of self (PRO) and its clients are updated in Unique Client Identification (UCI) system a day prior to the OFS bidding session.

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National Stock Exchange of India Limited

Members or its Clients shall not be able to participate in the bidding session, if the UCC is updated or shall become compliant, on the day of OFS bidding session and accordingly orders shall not be accepted.
UCCs identified as compliant of Capital Market segment by the Exchange at 22:00 hrs on the previous day shall be considered as permitted to trade for the next bidding day.
Members are requested to ensure sufficiency of collaterals before initiating carry forward of order on T+1 day. If such orders are rejected once due to insufficiency of margins, they cannot be placed again.
Members are requested to refer to Annexure 3 of Exchange circular NSE/CMTR/43529 dated February 13, 2020 for features and necessary limits setting for their respective users.

The details related to live session are attached as Annexure 1 . The Announcement / Notice details of the Offer for Sale of shares are attached as Annexure 2 .

In case of queries pertaining to the bidding platform members may contact helpdesk on toll free number 1800 266 00 50 (Option 1).

For and on behalf of

National Stock Exchange of India Limited

Meghna Chavan Senior Manager

Toll Free No	Email id
1800-266-00-50(Option 1)	[email protected]

Page 2 of 4

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National Stock Exchange of India Limited

Annexure 1 : Issue details for live session

	Annexure 1:Issue details for live session
Company Name	Indosolar Limited
Symbol	WAAREEINDO
Series	IS (Non-retail category) RS (Retail category – Bid value < or = Rs 2 lacs)
ISIN	INE866K01023
Issue Size	Upto 61,00,000 equity shares of face value of Re 10/- each.
Date of Offer	September 18, 2025, and September 19, 2025
Offer Price	Rs. 500/-
Market Lot	1 equity share
Tick Size	Re. 0.05

Non-Retail category Bidding details (IS Series)

Bidding session Date	September 18, 2025
Bidding session Time	09:15 hrs. to 15:30 hrs.
Series	IS (Non-retail category)
Date to indicate CARRY FORWARD of unallocated Bids in Non-retail category*	September 19, 2025
Carry Forward Timings	09:15 hrs to 15:30 hrs.

Members who want to carry forward their unallocated non-retail bids on T+1 shall have to modify such bids and opt to carry forward their bids on eOFS web-based platform. Members are requested to ensure sufficiency of collaterals before initiating carry forward of orders. If such orders are rejected once due to insufficiency of margins, they cannot be placed again.

Any unsubscribed portion of non-retail category after allotment shall be eligible for allocation in the retail category and vice versa.

Page 3 of 4

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National Stock Exchange of India Limited

Retail category Bidding details (RS Series)

Bidding session Date	September 19, 2025
Bidding session Time	09:15 hrs. to 15:30 hrs.
Series	RS (Retail category)
Bidding at Cut-off - ‘RS’ series	Cut-off available - Default option on order entry screen
Reservation portion %	10% of offer size

Page 4 of 4

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Corporate Announcement

Security Code : 533257 Company : WAAREEINDO Notice of Offer for Sale of Shares by Promoter & Floor Price 0.64 MB Exchange Disseminated Time 17/09/2025 17:23:51

Waaree Energies Ltd (the "Seller") proposes to sell up to 61,00,000 (Sixty One Lakh) equity shares of face value Rs. 10 each of Indosolar Ltd (the "Company") (representing 14.66% of the total paid-up equity share capital of the Company) on September 18, 2025 ("T- day") (for Non-Retail Investors only) and on September 19, 2025 ("T+1 Day") (for retail Investors), through exchange mechanism.

The OFS shall be undertaken exclusively through the Seller's Broker (defined later) on a separate window provided by the Stock Exchanges for this purpose.

Date and time of the opening and closing of the Offer :

The Offer shall take place on a separate window of the Stock Exchanges on September 18, 2025 ("T" day) and September 19, 2025 ("T+1" day), from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below.

For non-Retail Investors (defined below):-

Only non-Retail Investors shall be allowed to place their bids on T day, i.e., September 18, 2025.

The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day, i.e., September 18, 2025 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.

On the T Day, the non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 Day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below).

Only non-Retail Investors shall be allowed to place their bids on T Day, i.e. September 18, 2025.

For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their un-allotted bids to September 19, 2025 ("T+1 Day")

The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day, i.e. September 19, 2025, commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date.

Only Retail Investors (defined below) shall be allowed to place their bids on T+1 day, i.e., September 19, 2025. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.

(T Day and T+1 Day, collectively referred to as "Offer Dates")

Floor Price : The price for the Offer shall be at Rs. 500/- (Rupees Five Hundred only) per Equity Share ("loor Price").

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THIS NOTICE (AS DEFINED HEREIN) IS NOT FOR RELEASE, PUBLICATION AND/OR DISTRIBUTION IN AND/OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA, OR THE DISTRICT OF COLUMBIA (TOGETHER, THE “UNITED STATES”) OR ANY “OTHER JURISDICTIONS” (AS DEFINED HEREIN). FOR FURTHER INFORMATION, SEE “IMPORTANT INFORMATION” HEREIN.

The Managing Director The Managing Director BSE Limited, National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, Dalal Street, Mumbai – 400 001 G Block, Bandra Kurla Complex, India Bandra (East) Mumbai 400 051, India

Date: September 17, 2025

Dear Sir/Madam,

Subject: Notice of Offer for Sale of equity shares of face value of ₹ 10 each (“Equity Shares”) of Indosolar Limited (the “Company”) by its Promoter, Waaree Energies Limited (“Seller”), through the stock exchange mechanism (the “Notice”)

We hereby notify you that the Seller proposes to sell up to 61,00,000 (Sixty One Lakh) equity shares of face value Rs. 10 each of the Company (hereinafter be referred to as "Sale Shares") representing 14.66% of the total paid-up equity share capital of the Company) on September 18, 2025 ("T- day") (for Non-Retail Investors only) and on September 19, 2025 ("T+1 Day") (for retail Investors) through exchange mechanism (such offer for sale hereinafter referred to as the “Offer”)

The Sale Shares are proposed to be sold in accordance with:

We refer to paragraph 19.1.5.2 of chapter 1 of the master circular for stock exchanges and clearing corporations bearing reference number SEBI/HO/MRD2/PoD-2/CIR/P/2024/00181 dated December 30, 2024 (the "SEBI OFS Circular" ) pertaining to comprehensive guidelines on offer for sale of shares through stock exchange mechanism, and the applicable notices and circulars issued by Stock Exchanges (as defined hereinunder) from time to time in this regard, including (a) “Revised Operational Guidelines for Offer for Sale (OFS) Segment” issued by BSE Limited (“BSE”) vide its notice bearing no. 20240701-19 dated July 1, 2024 (“BSE OFS Circular”) and, to the extent applicable, the previous notices issued by BSE in this regard; and (b) “Revised operating guidelines of Offer for Sale” issued by National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”) by way of its circular bearing no. 93/2024 dated July 12, 2024 and, to the extent applicable, the previous circulars issued by NSE in this regard (“NSE OFS Circular” , together with the BSE OFS Circular, the “Stock Exchange Circulars” and together with the SEBI OFS Circular, the “OFS Guidelines”)

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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The OFS shall be undertaken exclusively through the Seller's Broker (defined later) on a separate window provided by the Stock Exchanges for this purpose.

The OFS is being undertaken by the Seller for achieving the minimum public shareholding in the Company, as prescribed under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Offer for Sale is one of the permissible methods that has been prescribed by SEBI by way of master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as an acceptable method for achieving public shareholding criteria.

This Notice is being issued to the Stock Exchanges in accordance with OFS Guidelines to announce the intention of the Seller to undertake the OFS and contains important details with respect to the OFS. Bidders and prospective investors as well as their brokers are requested to read the entire contents of this Notice, along with the SEBI OFS Circular, before participating in the OFS.

The Seller has appointed Antique Stock Broking Limited as the “Sellers’ Broker".

Other important information in relation to the Offer is set out below under the heading “ Important Information ”, and the information included therein constitutes an integral part of the terms and conditions of the Offer.

Sr. No. Details required to be mentioned in the Notice Particulars of the Offer	Sr. No. Details required to be mentioned in the Notice Particulars of the Offer
1. Name of the Seller (Promoter / Promoter Group) Waaree Energies Limited
2. Name of the company whose shares are proposed to be sold Name:Indosolar Limited
and ISIN ISIN:	INE866K01023
3. Name of the stock exchange where orders shall be placed BSE and NSE
4. Name of the designated stock exchange BSE
5. Name of the designated clearing corporation NSE Clearing Limited
6. Dates and time of the opening and closing of the Offer The Offer shall take place on a separate window of the Stock Exchanges on September 18, 2025 (“T” day) and September 19, 2025 (“T+1” day), from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below.

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No. Details required to be Particulars of the Offer mentioned in the Notice

For non-Retail Investors (defined below)

Only non-Retail Investors shall be allowed to place their bids on T day, i.e., September 18, 2025.

Only non-Retail Investors shall be allowed to place their bids on T Day, i.e. September 18, 2025.

For Retail Investors (defined below) and for nonRetail Investors who choose to carry forward their un-allotted bids to September 19, 2025 (“T+1 Day”)

(T Day and T+1 Day, collectively referred to as “Offer Dates”)

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No.	Details required to be	Particulars of the Offer
	mentioned in the Notice

7.	Allocation methodology	The allocation shall be at or above the Floor Price

The allocation shall be at or above the Floor Price (defined below) on a price priority basis at multiple clearing prices in accordance with the OFS Guidelines except in case of Retail Investors, who shall have an option to bid at or above the Cut-Off Price (defined below).

No single bidder, other than mutual funds registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996, as amended (“ Mutual Funds ”) and insurance companies registered with the Insurance Regulatory and Development Authority under the Insurance Regulatory and Development Authority Act, 1999 as amended (“ Insurance Companies ”), shall be allocated more than 25% of the Offer Shares.

Non-Retail Category Allocation Methodology

The non-Retail investors shall have an option to carry forward their un-allotted bids from T day to T+1 day provided such non-Retail Investors choosing to carry forward their un-allotted bids to T+1 day are required to indicate their willingness to carry forward their un-allotted bids. Further, such non-Retail Investors can also revise their bids on T+1 day in accordance with the OFS Guidelines.

Any unsubscribed portion of the Non-Retail Category after allotment shall be eligible for allocation to the Retail Category. The allocation to the Non-Retail Category shall be at a price equal to the Cut-Off Price or higher as per bids.

A minimum of 25% of the Offer Shares shall be reserved for Mutual Funds and Insurance Companies subject to receipt of valid bids at or above the Floor Price (defined below). In case of any

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No. Details required to be Particulars of the Offer mentioned in the Notice

under subscription by Mutual Funds and Insurance Companies, the unsubscribed portion shall be available to other bidders in the Non-Retail Category.

In case of oversubscription in the non-Retail Category on T+1 Day, if the aggregate number of Offer Shares bid for at a particular clearing price is more than available quantity then allocation for such bids will be done on a proportionate basis.

Retail Category Allocation Methodology

For the purpose of this Notice, Retail Investor shall mean an individual investor who places bids for Offer Shares of total value of not more than ₹200,000 (Rupees Two Lakhs) (“ Retail Investor ”).

10% of the Offer Shares shall be reserved for allocation to Retail Investors subject to receipt of valid bids (“ Retail Category ”). The Stock Exchanges will decide the quantity of Offer Shares eligible to be considered in the Retail Category, based on the Floor Price (defined below) declared by the Seller.

A Retail Investor may enter a price bid or opt to bid at the cutoff price ("Cut-off Price") . For this purpose, Cut-off Price means the lowest price, as shall be determined, based on all valid bids received on T Day, at which all the Offer Shares get sold in the NonRetail Category on the T Day. In case of under subscription in the non-Retail Category, the Retail Investors shall be allowed to place their bids at Floor Price on T+1 Day

In case of oversubscription in the Retail Category, if the aggregate number of Offer Shares bid for at a particular clearing price / Cutoff Price, as the case may be, is more than the available number of Equity Shares, then the allocation for such bids will be done

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No.	Details required to be	Particulars of the Offer
	mentioned in the Notice
		on a proportionate basis at such clearing price (at or
		above the Cut-off Price) as the case may be
		Any unsubscribed portion of the Retail Category,
		after allotment to Retail Investors, shall be eligible
		for allocation to non-Retail Investors who have
		chosen to carry forward their un-allotted bids to T+1
		day. The non-Retail Investors are required to
		indicate their willingness to carry forward their bid
		on T day.
8.	Total number of Equity Shares	Up to 61,00,000 Equity Shares, representing 14.66%
	being offered in the Offer	of the total paid up equity share capital of the
		Company (the “Offer Size”).
9.	Maximum number of shares the	Nil
	Seller may choose to sell over
	and above made at point 8
	above
10.	Name of the broker(s) on behalf	Antique Stock Broking Limited (Broker Code: BSE –
	of the Seller and the broker	119, NSE-12987)
	code
		(the“Sellers Broker”)
11.	Floor Price	The price for the Offer shall be at ₹500/- (Rupees Five
		Hundred only) per Equity Share (“Floor Price”).
		The Stock Exchanges are required to ensure that the
		Floor Price is immediatelyinformed to the market.
12.	Retail Discount	Nil
13.	Conditions for withdrawal of the	The Seller reserves the right to not proceed with the
	Offer	Offer at any time prior to the time of opening of the
		Offer on T Day. In such a case, there shall be a
		cooling off period of 10 trading days from the date of
		withdrawal before another offer for sale through
		stock exchange mechanism is made. The Stock
		Exchanges shall suitably disseminate details of
		such withdrawal.
14.	Conditions for cancellation of	In the event the aggregate number of orders received
	the Offer	from non-Retail Investors in the Offer at or above the
		Floor Price on T day is not sufficient, the Seller
		reserves the right to cancel the Offer, post bidding,
		in full (for both non-Retail Investors and Retail
		Investors)and notproceed with the Offer on T+1 day.

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No. Details required to be Particulars of the Offer mentioned in the Notice

Cancellation request for bidding from the Seller will be accepted up to 5:00 p.m. on T day by the Stock Exchanges.

In case of defaults in settlement obligations, the Seller reserves the right to either conclude the Offer, to the extent of valid bids received, or cancel the Offer in full. In such cases, the decision to either conclude or cancel the Offer shall be at the sole discretion of the Seller.

Conditions for participating in the Offer
Non-institutional investors bidding in the nonRetail Category shall deposit 100% of the bid value in cash up-front with the clearing corporation at the time of placing bids for the Offer.
Institutional investors have an option of placing bids without any upfront payment. In case of institutional investors who place bids with 100% of the bid value deposited upfront, custodian confirmation shall be provided within trading hours. In case of institutional investors who place bids without depositing 100% of the bid value upfront, custodian confirmation shall be as per the existing rules for secondary market transactions and OFS Guidelines. In case of institutional investors who carry forward their unallotted bids from T day to T + 1 day, custodian confirmation shall be as per the existing rules for secondary market transactions and OFS Guidelines.
In respect of bids in the Retail Category, margin for bids placed at cut-off price, shall be at the Cut-Off Price determined based on the bids received on T day and for price bids at the value of the bid. Clearing Corporation shall collect margin to the extent of 100% of order value in cash or cash equivalents at the time of placing bids. Pay-in and pay-out for bids by Retail

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400. Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No.	Details required to be	Particulars of the Offer
	mentioned in the Notice
		Investors shall take place as per normal
		secondary market transactions.
		4. Retail Investors may enter a price bid or opt for
		bidding at the Cut-Off Price. ln case of under
		subscription in the non-Retail Category, the
		Retail Investors shall be allowed to place their
		bids at the Floor Price.

The funds collected shall neither be utilized against any other obligation of the trading member nor co-mingled with other segments.
Individual investors shall have the option to bid in the Retail Category and/ or the non-Retail Category. However, if the cumulative bid value by an individual investor across the Retail Category and the non-Retail Category exceeds ₹200,000, the bids in the Retail Category will become ineligible. Further, if the cumulative bid value by an individual investor in the Retail Category across BSE and NSE exceeds ₹200,000, such bids shall be rejected.
Modification or cancellation of orders
(a) Orders placed by Retail Investors ((with 100% of the bid value deposited upfront) can be modified or cancelled any time during the trading hours on T+1 day.
(b) Orders placed by institutional investors and by non-institutional investors, with 100% of the bid value deposited upfront: Such orders can be modified or cancelled any time during the trading hours on T day, and in respect of any un-allotted bids which they have indicated to be carried forward to T+1 day, orders can be modified on T+1 day in accordance with the OFS Guidelines;

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No. Details required to be Particulars of the Offer mentioned in the Notice

(c) Orders placed by institutional investors without depositing 100% of the bid value upfront: Such orders cannot be modified or cancelled by the investors or stock-brokers, except for making upward revision in the price or quantity any time during the trading hours on T day, and in respect of any unallotted bids which they have indicated to be carried forward to T+1 day, orders can be modified (only by making upward revision in the price or quantity) on T+1 day in accordance with the OFS Guidelines.

In case of any permitted modification or cancellation of the bid, the funds shall be released / collected on a real-time basis by the clearing corporation.

Bidder shall also be liable to pay any other fees, as may be levied by the Stock Exchanges, including securities transaction tax, exchange turnover charges, SEBI fees and applicable stamp duty.
Multiple orders from a single bidder shall be permitted, subject to the conditions prescribed in paragraph 6 above.
In case of default in pay-in by any bidder, an amount aggregating to 10% of the order value shall be charged as penalty from the investor and collected from the broker. This amount shall be credited to the Investor Protection Fund of the Stock Exchanges.
The Equity Shares of the Company other than the Offer Shares shall continue trading in the normal market. However, in case of market closure due to incidence of breach of “Market wide index-based circuit filter”, the Offer shall also be halted.

WAAREE Energies Ltd.

Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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Sr. No.	Details required to be	Particulars of the Offer
	mentioned in the Notice

16.	Settlement	1. Settlement shall take place on a trade for trade
		basis. For bids received from non-Retail
		Category on T day, being non-institutional
		investors and institutional investors who place
		orders with 100% of the order value deposited
		upfront, settlement shall take place on T+1 Day,
		in accordance with the OFS Guidelines. In the
		case of institutional investors who place bids on
		T Day without depositing 100% of the order value
		upfront, settlement shall be as per the existing
		rules for secondary market transactions (i.e., on
		T+1 day).
		2. For the bids received on T+1 Day from non-Retail
		Investors who choose to carry forward their un-
		allotted bids to T+1 day with 100% of the order
		value deposited upfront, the settlement shall
		take place as per the existing rules of secondary
		market transactions.
		3. For the bids received on T+1 Day from the Retail
		Category, the settlement shall take as per the
		existing rules of secondary market transactions.
		4. For the bids received on T+1 Day from the non-
		Retail Investors who choose to carry forward
		their un-allotted bids to T+1 day without
		depositing 100% of the order value upfront, the
		settlement shall take place as per the existing
		rules of secondary market transactions.

Funds collected from the Bidders who have not been allocated equity shares shall be released after the download of the obligation.

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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IMPORTANT INFORMATION

The Offer is directed personally to each prospective bidder (including individuals, funds or otherwise) registered with the broker of the Stock Exchanges who makes a bid (each a “ Bidder ”) and neither the Offer nor this Notice constitutes an offer to sell or invitation or solicitation of an offer to buy, to the public, or to any other person or class of persons requiring any prospectus or offer document to be issued, submitted to or filed with any regulatory authority or to any other person or class of persons within or outside India.

The Offer is being made in reliance on the OFS Guidelines and subject to the guidelines, circulars, rules and regulation of the Stock Exchanges. There will be no “ public offer ” of the Offer Shares in India under the applicable laws in India including the Companies Act, 2013, and the rules and clarifications issued thereunder, as amended from time to time (the “ Companies Act ”) or in any other jurisdiction. Accordingly, no documents have been or will be prepared, registered or submitted for approval as a “prospectus” or an “offer document” with the Registrar of Companies in India and/or SEBI and/or the Stock Exchanges or any other statutory/regulatory/listing authority, in India or abroad, under the applicable laws in India including the Companies Act, the Securities and Exchanges Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and no such document will be circulated or distributed to any person in any jurisdiction, including in India.

Each Bidder shall be deemed to acknowledge and agree that any buy order or bid shall be made solely on the basis of publicly available information and any information available with SEBI, the Stock Exchanges, on the Company’s website or otherwise in the public domain, together with the information contained in this Notice. The Offer is subject to further terms set forth in the contract note to be provided to the successful Bidders.

This Notice is for information purposes only and is neither an offer nor invitation to buy or sell nor a solicitation of an offer to buy to sell any securities, nor shall there be any sale of securities in any jurisdiction ("Other Jurisdiction") in which such offer, solicitation or sale is or may be unlawful whether prior to registration or qualification under the securities laws of any such jurisdiction or otherwise. This Notice and the information contained herein are not for publication or distribution, directly or indirectly. to persons in any Other Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction. Prospective Bidders should seek appropriate legal advice prior to participating in the Offer.

This Notice or information contained herein is not for release, publication or distribution in the United States of America, its territories and possessions, any state of the United States of America, and the District of Columbia (together, the "United States") , and is neither an offer to sell nor a solicitation of an offer to buy any securities of the Company in the United States. The Offer Shares have not been and will not be registered under the U.S. Securities Act of 1933 ("Securities Act") and may not be offered or sold in the United States except in transactions exempt from the registration requirements of the Securities Act. The Offer Shares will be offered outside the United States through offshore transactions in reliance upon Regulations under the Securities Act. The purchasers of Offer Shares are hereby advised that any resale of such shares must be made in accordance with the registration requirements of the securities laws in the United States.

WAAREE Energies Ltd. Registered Office:

602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

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By submitting a bid in connection with the Offer or receiving the Offer Shares, each Bidder and any broker acting on such Bidder's behalf will be deemed to have (a) read and understood this Notice in its entirety. (b) Accepted and complied with the terms and conditions set out in this Notice; and (e) represented, Agreed and acknowledged that such Bidder is, and at the time the Offer Shares are purchased, will be, the beneficial owner of such Offer Shares, not an affiliate of the Company or a person acting on behalf of such an affiliate and located outside the United States and purchasing such Offer Shares in reliance upon Regulations.

Except for the Seller’s Brokers, no broker may solicit bids for the Offer Shares or accept orders for bids for the Offer Shares from persons in the United States.

By submitting a bid on behalf of a buyer in connection with the Offer, each broker will also be deemed to have represented, agreed and acknowledged that it is located outside the United States and that none of the broker, its affiliates and all persons acting on its or their behalf has (a) engaged or will engage in any "directed selling efforts" (as defined in Regulation S under the Securities Act) in connection with the offer or sale of the Offer Shares, (b) engaged or will engage in any form of general solicitation or general advertising (each, within the meaning of Regulation D under the Securities Act) in connection with the offer or sale of the Offer Shares and (c) offered or will offer and sell the Offer Shares except outside the United States in reliance upon Regulation.

Thanking You,

Yours faithfully,

For Waaree Energies Limited

RAJESH Digitally signed by RAJESH GHANSHYAM GHANSHYA GAUR Date: 2025.09.17 M GAUR 16:40:17 +05'30' Rajesh Ghanshyam Gaur Company Secretary & Compliance Officer M.No. A34629

WAAREE Energies Ltd. Registered Office: 602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400.

Email: [email protected]:www.waaree.com Corporate Identity Number: L29248MH1990PLC059463

AI assistant

INDOSOLAR LIMITED — Capital/Financing Update 2025

62435_rns_2025-09-17_893e6461-492d-4762-abf4-f807733ef2bc.pdf

September 17, 2025

Dear Sir/Ma’am,

For , Indosolar Limited