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 with Waaree Energies Limited. This amalgamation, subject to regulatory and NCLT approvals, aims to simplify the group structure and create a backward-integrated solar manufacturing entity. The combined entity will benefit from integrated production planning, optimized inventory, and elimination of related party transactions. Indosolar Limited had total assets of ₹404.92 crore and a turnover of ₹68.36 crore as of June 30, 2026, while Waaree Energies Limited reported total assets of ₹23,798.16 crore and a turnover of ₹6,221.67 crore for the same period. The transaction is considered an arm's length transaction.