Waaree Energies Approves Merger with Indosolar Limited

Waaree Energies Limited's Board of Directors has approved a draft Scheme of Amalgamation to merge Indosolar Limited with itself. The amalgamation, subject to regulatory and shareholder approvals, aims to simplify the group structure and create a backward-integrated solar manufacturing entity. Indosolar Limited, with total assets of ₹404.92 Cr and turnover of ₹68.36 Cr as of June 30, 2026, will be merged into Waaree Energies, which reported total assets of ₹23,798.16 Cr and turnover of ₹6,221.67 Cr. The merger is expected to optimize production, inventory, and domestic content traceability, while eliminating inter-company transactions.