Board Meeting29 Apr 2026, 10:31 pm
Waaree Energies Board Approves "10,000 Cr Fundraise via QIP, "2 Dividend
AI Summary
Waaree Energies Ltd.'s Board of Directors, at its meeting on April 29, 2026, approved raising funds up to "10,000 crores through Qualified Institutional Placement (QIP) or other permissible modes. The board also approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. A final dividend of "2 per equity share (20%) for FY26 was recommended, subject to shareholder approval. Other approvals included conducting a postal ballot, the acquisition of Waaree Semicon Private Limited by a wholly-owned subsidiary, and the re-appointment of cost and internal auditors for FY27.
Key Highlights
- Board approved raising up to "10,000 crores via QIP or other modes.
- Audited Q4 and FY26 financial results were approved.
- Recommended a final dividend of "2 per equity share for FY26.
- Approved acquisition of Waaree Semicon by a wholly-owned subsidiary.
- Re-appointed Cost and Internal Auditors for FY27.