Waaree Energies: Gujarat Pollution Control Board Revokes Closure Direction

Waaree Energies Ltd. announced that the Gujarat Pollution Control Board (GPCB) initially issued a Closure Direction for its solar cell manufacturing facility in Navsari, Gujarat, effective January 28, 2026. This followed an inspection on January 6, 2026, citing non-compliance with the Water Act and consent conditions. The company undertook remedial measures, paid interim Environmental Damage Compensation (EDC) of ₹9,00,000, and furnished bank guarantees totaling ₹3,80,000. Subsequently, GPCB revoked the Closure Direction by order dated February 11, 2026, for three months, and further extended this revocation for six months by order dated June 17, 2026, subject to compliance. The company's application for permanent revocation is pending. The company has strengthened its internal communication mechanisms and regrets the delay in disclosure.