Waaree Energies Approves Amalgamation Scheme with Indosolar Ltd

Waaree Energies Limited's Board of Directors has approved a draft Scheme of Amalgamation for Indosolar Limited to merge with Waaree Energies. This move aims to simplify the group structure and create a backward-integrated solar module and cell manufacturing entity. The amalgamation is subject to various statutory, regulatory, and shareholder approvals. Indosolar Limited reported total assets of ₹404.92 crore and a turnover of ₹68.36 crore as of June 30, 2026. Waaree Energies reported total assets of ₹23,798.16 crore and a turnover of ₹6,221.67 crore for the same period. The rationale includes consolidating operations, optimizing production, and reducing dependence on external raw material suppliers.