Indosolar: Fractional Share Sale Completed Post NCLT Capital Reduction

Indosolar Limited has completed the sale of fractional share entitlements that arose from a capital reduction. This capital reduction was part of a Resolution Plan approved by the National Company Law Tribunal (NCLT) on April 21, 2022. Fractional shares, which could not be allotted as whole numbers, were consolidated and transferred to M/s MUFG Intime Private Limited, acting as Trustee. The Trustee sold these shares in the open market on behalf of eligible shareholders. The entire process, including the sale and disbursement of net proceeds, was carried out in full compliance with the NCLT order, Insolvency and Bankruptcy Code, 2016, Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Concerned shareholders were informed via email on April 28, 2026.