Disclosure of material issue
Indosolar (#WAAREEINDO) news: BSE has approved the reclassification of 5 promoter shareholders to public status, which can boost the company's free float. **Issue:** BSE observed a past delay in a crucial regulatory disclosure related to this reclassification, submitted in Nov 2025 instead of the June 2025 deadline. **Possible Impact:** BSE has advised Indosolar to enhance due diligence and prevent such lapses in the future.
While no penalty was mentioned, consistent compliance is key for investor confidence. **Company’s Response:** Indosolar stated that the delay in *this specific announcement* (not the original filing delay) was due to technical issues in receiving the BSE letters.
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