Waaree Energies Ltd

Waaree Energies Ltd announced that it has received an Environmental, Social, and Governance (ESG) Rating of 68.61, categorized as “Leader,” from Niche Ninety Nine Capability and Certifications (OPC) Private Limited (“Niche99 ESG Ratings”), a SEBI Registered ESG – Rating Provider; the rating was assigned based on publicly available information without any participation or data provision from the company. The company did not engage Niche99 ESG Ratings for the evaluation or issuance of its ESG Rating, and there are no enhancements, assignments, or withdrawals related to any instruments, including the aforementioned ESG Rating of 68.61, which was communicated to the company via email on November 03, 2026, at 12:34 P.M. (IST).

Waaree Energies Limited has completed the acquisition of 100% equity stake in Waaree Green Data Centers Private Limited and its two wholly-owned subsidiaries for a total consideration of Rs 1 lakh, making WGDCPL a wholly-owned subsidiary of Waaree Energies Limited, according to a regulatory filing on October 30, 2026.

Waaree Energies Ltd share price declined by 2.07% to Rs 2272.0 after the company's net profit fell 15.50% to Rs 753.64 crore, while revenue from operations softened by 5.22% to Rs 7517.74 crore in Q3FY26 over Q2FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.27 lakh crore, declining 5.18%. It has eased by 2.34% over last one week and eased lower by 3.47% in last one month while the market capitalization of Waaree Energies Ltd has slipped by 7.45% and 13.43% in the same period respectively. Profit before tax (PBT) of Waaree Energies Ltd stood at Rs 1029.75 crore in Q3 FY26, plunging by 16.38% year-on-year, and falling 14.92% quarter-on-quarter. EBITDA came in at Rs 1188 crore, slipping 4.61% YoY and slipping 6.38% sequentially. Total expenses slightly declined by 4.28% to Rs 6529.8 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 4715.29 crore, easing 2.66% YoY, while employee benefits expense was at Rs 184.08 crore, expanding by 8.37% YoY. For the TTM ended FY26, revenue from operations surged 83.72% to Rs 26536.77 crore, while net profit saw a strong growth of 101.45% to Rs 3884.15 crore, compared to previous TTM. EBITDA jumped by 290635% to Rs 5200.49 crore, and PBT witnessed a strong rise of 96.98% to Rs 5051.79 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1626.95 crore in FY26, as against Rs 3158.21 crore in FY25. Waaree Energies Ltd tumbled by 36.63% in last one year, underperforming the benchmark BSE Sensex which has declined by 13.19% during the same period.

Waaree Energies Ltd. will hold a board meeting on Tuesday, October 27, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. Trading window for company insiders will be closed from October 1, 2026, until 48 hours after the financial results are declared.

Waaree Energies Ltd. confirmed that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable for the quarter ended September 30, 2026, as all of its shares are held in demat form and MUFG Intime India Private Limited, formerly Link Intime India Private Limited, the company’s Registrar and Share Transfer Agent, did not receive any remat requests during that period.

Waaree Energies Ltd. will close its trading window for directors, key managerial persons, designated persons, and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ended September 30, 2026, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Waaree Energies Ltd. announced that its board approved a draft scheme of amalgamation with Indosolar Limited, consolidating the two companies' solar photovoltaic module manufacturing businesses. The amalgamation, subject to regulatory approvals, aims to simplify the group structure, eliminate related-party transactions, and enhance liquidity for Indosolar Limited shareholders through shares in Waaree Energies Ltd. Under the proposed scheme, Indosolar Limited shareholders will receive one share of Waaree Energies Ltd. for every 11 shares held in Indosolar Limited.

Waaree Energies Ltd. announced that its board approved a draft scheme of amalgamation with Indosolar Limited, consolidating the two companies' solar photovoltaic module manufacturing businesses. The amalgamation, subject to regulatory approvals, will involve the issuance of one share of Waaree Energies Ltd. for every 11 shares of Indosolar Limited, according to a filing with the Bombay Stock Exchange and National Stock Exchange. The move aims to simplify the group structure, eliminate related-party transactions, and create a backward-integrated undertaking, while also providing public shareholders of Indosolar Limited with enhanced liquidity.

Waaree Energies Ltd. announced that its board approved a draft scheme of amalgamation with Indosolar Limited, consolidating the two companies within the same group to simplify the structure and create a backward-integrated solar module manufacturing entity. As part of the deal, Indosolar Limited shareholders will receive 1 share of Waaree Energies Ltd. for every 11 shares held in Indosolar Limited. The amalgamation is subject to regulatory approvals, including those from the BSE Limited, the National Stock Exchange of India Limited, and the National Company Law Tribunal, as well as shareholder and creditor approvals.

Waaree Energies Limited announced it has secured an order on September 21, 2026, to supply 2 GW of solar modules from a leading domestic solar developer. The order, a one-time arrangement, will be fulfilled over the financial years 2026-27 and 2027-28, with the commercial consideration reflecting the supply of the 2 GW of solar modules. The company noted that neither the promoter group nor any group companies have any interest in the entity awarding the order, and the transaction does not constitute a related party transaction.