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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 Companys
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

November 21, 2005 Execution of lease deed with the GNIDA for grant of 27,158.78 square meter of land

January 15, 2008 Execution of joint business development agreement with the Transferor Company

January 13, 2008 Execution of supply agreement with Schmid for planning, supply, installation and
commission of first line of our solar cell project

February 14, 2008 Change of the object of our Company from the business of readymade garments to solar
energy cells

August 31, 2008 Execution of lease agreement by the Transferor Company to lease the equipments to our

October 15, 2008 Grant of EOU status to our Company

September 7,2009 Grant of occupancy certificate of Industrial building erected on Plot No 3C/1, Ecotech -
II Sector, Udhyog Vihar from GNIDA

January 16, 2009 Execution of facility agreement for grant of loan by a consortium of banks led by Union
Bank of India

July 17, 2009 Commencement of commercial production of SPV cells with one manufacturing line
having an annual manufacturing capacity of 80 MW

September 16,2009 Approval of the Scheme by the High Court of Delhi at New Delhi

September 24, 2009 Filing of the Scheme with the RoC by the Transferor Company and our Company

September 25, 2009 Grant of Equity Shares in the proportion of 1:1 to the shareholders of Transferor
Company, pursuant to the terms of the Scheme

2009 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.

2009 Associated with the Semiconductor Equipment and Materials International, USA, Indian
Semiconductor Association and SESI

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

March 17, 2010 Commencement of commercial production of second manufacturing line of SPV cells
having an annual manufacturing capacity of 80 MW