Waaree Energies Acquires Waaree Semicon; Plans ₹10,000 Cr Fundraise

The Board of Directors of Waaree Energies Ltd. approved audited financial results for the Quarter and Financial Year ended March 31, 2026. They recommended a final dividend of ₹2 per equity share (20%) for FY26, subject to shareholder approval. The board also sanctioned raising funds up to ₹10,000 Crores through various permissible modes, including Qualified Institutional Placement (QIP). A significant decision was the acquisition of 100% shareholding of Waaree Semicon Private Limited by Waaree Power Private Limited (a wholly-owned subsidiary), making Waaree Semicon a step-down subsidiary. Additionally, the board approved a postal ballot process and re-appointed M/s. V J Talati & Co. as Cost Auditor and M/s Mahajan and Aibara as Internal Auditor for FY2026-27.