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Indosolar Ltd. Company History and Annual Growth Details

Our Company was incorporated under the Companies Act on April 8, 2005 as "Robin Garments
Private Limited". Subsequently, our name was changed to "Robin Solar Private Limited" pursuant to a
special resolution of our shareholders dated July 2, 2008 to reflect the present business of our
Company i.e., the business of solar cells. A fresh certificate of incorporation consequent to such
change of name was granted to our Company by the RoC on July 21, 2008.

The Transferor Company was amalgamated with our Company by an order dated September 16, 2009
of the High Court of Delhi. Pursuant to the amalgamation in terms of the Scheme, our Company’s
status was changed from private limited company to a public limited company and the name of our
Company was changed to "Indosolar Limited" as the erstwhile Transferor Company was widely
known. A fresh certificate of incorporation consequent to such change in status and name was granted
to our Company by the RoC on October 12, 2009 and October 30, 2009, respectively.

Our Company is engaged in the business of manufacture poly-crystalline SPV cells from silicon wafers
utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through
a process known as the "photo-voltaic effect".

Major Events and Milestones

Date Events

2005

-Execution of lease deed with the GNIDA for grant of 27,158.78 square meter of land

2008

-Execution of joint business development agreement with the Transferor Company

-Execution of supply agreement with Schmid for planning, supply, installation and commission of first line of our solar cell project

-Change of the object of our Company from the business of readymade garments to solar energy cells

-Execution of lease agreement by the Transferor Company to lease the equipments to our Company

-Grant of EOU status to our Company

-Grant of occupancy certificate of Industrial building erected on Plot No 3C/1, Ecotech -II Sector, Udhyog Vihar from GNIDA

2009

-Execution of facility agreement for grant of loan by a consortium of banks led by Union Bank of India

-Commencement of commercial production of SPV cells with one manufacturing line having an annual manufacturing capacity of 80 MW

-Approval of the Scheme by the High Court of Delhi at New Delhi

-Filing of the Scheme with the RoC by the Transferor Company and our Company

-Grant of Equity Shares in the proportion of 1:1 to the shareholders of Transferor Company, pursuant to the terms of the Scheme

-Time overrun with respect to installation of our first SPV cell manufacturing line cost overrun in relation to the two manufacturing lines for our SPV cell.

-Associated with the Semiconductor Equipment and Materials International, USA, Indian Semiconductor Association and SESI

2010

-Indosolar inks one of the largest deals in solar energy with GCL-Poly.

-Registered as member (till November 30, 2010) of Bharat Oil & Waste Management Ltd. for safe, legal and scientific disposal of hazardous waste

-Commencement of commercial production of second manufacturing line of SPV having an annual manufacturing capacity of 80 MW.

2011

-The Company has entered into a Memorandum of Understanding with GCL Solar System Limited, China to explore the possibility of development of solar farms in India.

2012

-The Board has appointed Mr. Arun Kumar Gupta and Mr. Gurbaksh Singh Vohra as additional directors in the category of Independent and Non-Executive Directors.

2013

-The company has appointed Mr. Anand Kumar Agarwal as Whole Time Director and Compliance Officer of the Company with effect from February 13, 2013.

2014

-Indosolar has entered into solar cell supply contract of 5.50 MW valuing approximately Rs. 15.80 Crores under Domestic Content Requirement of National Solar Mission with EMMVEE Photovoltaic Power Private Limited, Bengaluru.

-The company tered into single largest solar cell supply contract of 60 MW under Domestic Content Requirement of National Solar Mission with Azure Power India Private Limited.

-Indosolar has entered into solar cell supply contract of 67 MW valuing approximately Rs. 191 Crores under Domestic Content Requirement of National Solar Mission with Waaree Energies
Ltd.

2015
-Indosolar signs Wafer Supply pact with Osung Lst
-India crosses 5GW in solar power capacity : B2I
-Japan’s SoftBank wins its First Solar Project in India

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