Waaree Energies Ltd

Waaree Energies Ltd. approved the consolidation of its Tumb and Nandigram manufacturing facilities into its Chikhli, Gujarat facility, and authorized a US$37 million capital expenditure for its Waaree Solar Americas Inc. subsidiary to revamp its Arizona, USA, manufacturing facility, increasing capacity from 1 to 1.6 GW and bringing the company's total U.S. manufacturing capacity to 4.8 GW. The company also appointed Mona Bhide as an additional non-executive independent director, subject to shareholder approval, while Richa Goyal will cease to be an independent director following the completion of her five-year term.

Waaree Energies Ltd. approved the consolidation of its Tumb and Nandigram manufacturing facilities into its Chikhli, Gujarat facility. The company also authorized a US$37 million capital expenditure for its wholly-owned subsidiary, Waaree Solar Americas Inc., to revamp its Arizona, USA manufacturing facility, increasing capacity from 1 to 1.6 GW and bringing the company's total U.S. manufacturing capacity to 4.8 GW. Additionally, the board appointed Mona Bhide as an additional non-executive independent director, subject to shareholder approval, while Richa Goyal will cease to be an independent director following the completion of her term on August 29, 2026.

Waaree Energies Ltd. approved the consolidation of its Tumb and Nandigram manufacturing facilities into its Chikhli, Gujarat facility, and authorized a US$37 million capital expenditure for its Waaree Solar Americas Inc. subsidiary to revamp its Arizona, USA, manufacturing facility, increasing capacity from 1 to 1.6 GW and bringing the company's total U.S. manufacturing capacity to 4.8 GW. The company also appointed Mona Bhide as an additional non-executive independent director, subject to shareholder approval, while Richa Goyal will cease to be an independent director following the completion of her five-year term.

Waaree Energies Ltd. approved the consolidation of its Tumb and Nandigram manufacturing facilities into its Chikhli, Gujarat facility. The company also authorized a US$37 million capital expenditure for its wholly-owned subsidiary, Waaree Solar Americas Inc., to revamp its Arizona, USA manufacturing facility, increasing capacity from 1 to 1.6 GW and bringing the company's total U.S. manufacturing capacity to 4.8 GW. Additionally, the board appointed Mona Bhide as an additional non-executive independent director, subject to shareholder approval, while Richa Goyal will cease to be an independent director following the completion of her term on August 29, 2026.

Waaree Energies Ltd. announced that its wholly-owned subsidiary, Waaree Forever Energies Private Limited, has received a Letter of Award (LOA) on August 27, 2026, from Solar Energy Corporation of India Limited (SECI) for the development of a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project in Solapur, Maharashtra. The project, awarded by a domestic entity, involves a one-time order with a Power Purchase Agreement valid for 25 years from the scheduled commencement of supply date, and the company confirmed that neither promoters nor group companies have any interest in SECI, and the order does not constitute a related party transaction.

C.T. Doshi Family Trust acquired 1,99,999 equity shares of Waaree Sustainable Finance Private Limited, constituting 99.9995% of its equity share capital, through a gift from Mr. Chimanlal Tribhuvandas Doshi, resulting in an indirect acquisition of 5,27,67,331 equity shares, representing 18.34% of Waaree Energies Limited's total equity share capital, to streamline succession and promote family welfare, and the transaction was exempted from open offer obligations under SEBI regulations.

Waaree Energies Ltd. announced that its step-down subsidiary, Waaree Smart Meters Private Limited, has acquired 24.21% of the equity share capital of Eppeltone Engineers Limited through an off-market transaction on August 7, 2026, for approximately Rs 21.78 crore. Eppeltone Engineers Limited, incorporated on September 18, 2002, specializes in manufacturing electronic energy meters, including smart meters, and had a turnover of Rs 78.45 crore in fiscal year 2023-24, Rs 124.33 crore in fiscal year 2024-25, and Rs 134.74 crore in fiscal year 2025-26.

Waaree Energies Ltd. announced today, August 01, 2026, that it has secured an order for the supply of 739.71 MW of solar modules from a leading domestic renewable energy solutions provider. The order, a one-time contract, will be fulfilled over the fiscal years 2026-27 and 2027-28, with the commercial consideration reflecting the supply of the aforementioned solar modules. The company confirmed that neither promoters, promoter groups, nor group companies have any interest in the entity awarding the order, and the transaction does not constitute a related party transaction.

Net profit of Waaree Energies rose 14.09% to Rs 850.22 crore in the quarter ended June 2026 as against Rs 745.20 crore during the previous quarter ended June 2025. Sales rose 79.22% to Rs 7931.79 crore in the quarter ended June 2026 as against Rs 4425.83 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales7931.794425.83 79 OPM %18.1522.53 - PBDT1540.361125.42 37 PBT1210.38943.36 28 NP850.22745.20 14 Powered by Capital Market - Live

Waaree Energies Ltd. announced consolidated revenue of Rs 7,931.79 crore for the quarter ended June 30, 2026, a 79.22% year-over-year increase, alongside an operating EBITDA of Rs 1,439.92 crore, up 44.38% year-over-year, and a profit after tax of Rs 891.87 crore, growing 15.39% year-over-year; the company achieved module production of 3.24 GW, and has a total order book of approximately Rs 61,500 crore, while also completing the acquisition of a 55% equity stake in Associated Power Structures Private Limited to enhance power infrastructure capabilities.