Indosolar Ltd Board Approves Merger with Waaree Energies Ltd

Indosolar Limited's Board of Directors has approved a draft scheme of amalgamation with Waaree Energies Limited. This merger, subject to regulatory and shareholder approvals, aims to simplify the group structure and create a backward-integrated solar manufacturing entity. The combined entity will benefit from integrated cell and module manufacturing, optimized inventory, and improved domestic content traceability. Indosolar's total assets were ₹404.92 Cr with a net worth of ₹323.63 Cr and turnover of ₹68.36 Cr as of June 30, 2026. Waaree Energies reported total assets of ₹23,798.16 Cr, net worth of ₹13,869.90 Cr, and turnover of ₹6,221.67 Cr.