Indosolar Limited (WAAREEINDO) has received approval from NSE for the reclassification of five entities/individuals from its Promoter Group.

This is a significant corporate structure update. **The Issue:** Despite the approval, NSE issued a warning to Indosolar for a major compliance lapse.

The company submitted a mandatory disclosure related to the reclassification application several months late (due within 24 hours of the application but filed much later). **Possible Impact:** NSE views this delay "seriously" and has advised the company to exercise due diligence and implement corrective steps to avoid future recurrences.

Any future lapses could lead to "appropriate action." **Company’s Response/Mitigation Plan:** Indosolar has disclosed these communications from NSE, indicating their acknowledgment of the compliance issue and the need for stricter adherence to disclosure requirements.