Indosolar Limited has informed the Exchange about General Updates
WAAREEINDO · price
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Indosolar Limited has informed the exchanges that it has completed the sale of fractional share entitlements that arose after its share capital was reduced under the Resolution Plan approved by the NCLT on April 21, 2022. Fractional shares held by shareholders were consolidated and sold in the open market by MUFG Intime (acting as Trustee), and net sale proceeds have now been disbursed to the eligible shareholders via email on April 28, 2026. The company confirms this was done in full compliance with the IBC, 2016, the Companies Act, 2013, and SEBI LODR regulations. This is essentially the wind-down of a post-resolution corporate action tied to the company's earlier insolvency resolution process.
This is a routine post-resolution housekeeping update with no direct impact on current share price or operations, but it signals that the legacy IBC resolution process is finally being closed out, which removes a minor overhang for shareholders still tracking old entitlements.