Corporate Action29 Apr 2026, 10:23 pm
Waaree Energies recommends ₹2/share dividend, plans ₹10,000 Cr fundraise
AI Summary
Waaree Energies Ltd.'s Board of Directors approved audited financial results for Q4 and FY26 and recommended a final dividend of Rs. 2 per equity share (20%) for the financial year ended March 31, 2026, subject to shareholder approval. The Board also approved a significant fundraise of up to Rs. 10,000 Crores through various permissible modes, including Qualified Institutional Placement (QIP). Additionally, the company announced the acquisition of 100% shareholding of Waaree Semicon Private Limited by its wholly-owned subsidiary, Waaree Power Private Limited, making it a step-down subsidiary. Re-appointments of cost and internal auditors for FY27 were also approved.
Key Highlights
- Board recommended a final dividend of Rs. 2 per equity share (20%) for FY26.
- Approved raising up to Rs. 10,000 Crores via QIP or other permissible modes.
- Approved acquisition of 100% shareholding of Waaree Semicon Pvt Ltd by a subsidiary.
- Audited financial results for Q4 and FY26 were considered and approved.
- Re-appointed M/s. V J Talati & Co. as Cost Auditor and M/s Mahajan and Aibara as Internal Auditor for FY27.