Waaree Energies Appoints Mona Bhide as Independent Director
Waaree Energies Limited announced the appointment of Ms. Mona Bhide as an Additional Non-Executive Independent Director for a five-year term starting August 30, 2026. The board also approved consolidating manufacturing facilities by relocating plants to Chikhli, Gujarat. Additionally, Waaree Solar Americas Inc. will invest approximately US$37 million to revamp its Arizona facility, increasing its capacity to 1.6 GW and the company's aggregate US manufacturing capacity to 4.8 GW. The company also announced the completion of Ms. Richa Goyal's term as an Independent Director. The 36th AGM will be held on September 24, 2026, with a record date of September 11, 2026, for final dividend consideration.
Key Highlights
- Ms. Mona Bhide appointed as Additional Non-Executive Independent Director.
- Manufacturing facilities consolidation and US subsidiary expansion approved.
- US$37 million capex for Arizona facility revamp to boost capacity.
- Ms. Richa Goyal completes her term as Independent Director.
- 36th AGM scheduled for September 24, 2026; record date for dividend set.
Price Impact
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