We would like to inform you that, the corporate insolvency resolution process of Indosolar Limited (the 'Company') under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('Insolvency Code') was commenced on 12/04/2019 pursuant to the order of the National Company Law Tribunal ('NCLT'), Thereafter, Mr. Gulshan Gaba was appointed as the resolution professional of the Company pursuant to the order dated 04/07/2019 of the NCLT. Subsequently, Waaree Energies Ltd ('Resolution Applicant') in the matter of Indosolar Limited, had submitted the Resolution Plan for acquisition of Indosolar Limited under the provisions of Section 31 of the Insolvency Code read with regulation 37, 38 & 39 of IBBI(Insolvency Resolution Process for Corporate Person) Regulation, 2016. The Hon'ble NCLT, vide its order dated 21/04/2022 has approved the Resolution Plan in favour of the Resolution Applicant. A copy of the NCLT Order is attached herewith for your consideration.