Board Meeting29 Apr 2026, 09:30 pm
Waaree Board Approves FY26 Results, ₹2 Dividend, ₹10,000 Cr Fundraise
AI Summary
Waaree Energies' Board of Directors, in its meeting on April 29, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board recommended a final dividend of ₹2 per equity share (20%) for FY26, pending shareholder approval at the upcoming AGM. Key approvals also included raising funds up to ₹10,000 Crores through Qualified Institutional Placement (QIP) or other permissible modes, and the acquisition of 100% shareholding of Waaree Semicon Private Limited by its wholly-owned subsidiary, Waaree Power Private Limited. Additionally, the re-appointment of cost and internal auditors for FY2026-27 was approved.
Key Highlights
- Board approved audited financial results for Q4 and FY ended March 31, 2026.
- Recommended final dividend of ₹2 per equity share (20%) for FY26.
- Approved fund-raising up to ₹10,000 Crores via QIP or other modes.
- Sanctioned acquisition of Waaree Semicon Private Limited by a subsidiary.
- Re-appointed cost and internal auditors for the Financial Year 2026-27.