Waaree Energies Ltd. Acquires 100% Shareholding of Voltshift Energy Transition Private Limited and Approves Capex for 4 GW Cell and Ingot Wafer Plants

Waaree Energies Ltd. has announced the acquisition of 100% shareholding of Voltshift Energy Transition Private Limited from its wholly owned subsidiary Waaree Forever Energies Private Limited. The company also approved a Capex of Rs. 2,754 Crores for setting up of 4 GW Cell plant in Unn, Dist: Navsari in the State of Gujarat and 4 GW Ingot Wafer plant in Nagpur in the state of Maharashtra through its wholly owned subsidiary Sangam Solar One Private Limited. The Capex will be spread over FY 2026-27 and will be financed through a combination of internal accruals and borrowed capital. The acquisition and Capex approval were made during the Board of Directors meeting held on July 28, 2025. The meeting also approved the unaudited financial results for the quarter ended June 30, 2025, and re-appointed M/s. VJ Talati & Co., Cost Accountants, M/s Mahajan and Aibara, Chartered Accountant LLP, and M/s Makarand M Joshi & Co. Company Secretaries as the Cost Auditor, Internal Auditor, and Secretarial Auditor respectively for the Financial Year 2025-26.