Waaree Energies Ltd

Waaree Energies Ltd has announced a significant share transfer within its promoter group. The C.T. Doshi Family Trust will acquire a total of 62.48% of the company's equity shares from Mr. Chimanlal Tribhuvandas Doshi. This includes a direct acquisition of 44.14% (12,69,82,903 shares) and an indirect acquisition of 18.34% (5,27,67,331 shares) through the acquisition of 99.9995% stake in Waaree Sustainable Finance Private Limited (WSFPL). The transfer is structured as a gift, meaning it is without consideration. This transaction has been exempted from open offer obligations by SEBI under specific regulations. The stated rationale is to streamline succession and facilitate intergenerational wealth transfer.

Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies Ltd., has received an order for the supply of 236.22 MW of solar modules. The order was placed by a renowned customer focused on sustainable infrastructure solutions in renewable energy. The supply is scheduled to take place in Q1 and Q2 of the Financial Year 2027-28. This international order is considered a one-time contract, and the company has confirmed no promoter interest in the awarding entity, nor does it fall under related party transactions.

Waaree Energies Limited has issued a statement clarifying a determination by U.S. Customs and Border Protection (CBP) regarding EAPA Consolidated Investigation No. 8163. The company stated that CBP expressly confirmed Waaree did not export solar modules manufactured using Chinese-origin solar cells to the U.S. Waaree fully cooperated with the investigation, and CBP drew no adverse inference against the company. CBP also declined a request to make an evasion finding covering all of Waaree's imports. The determination is limited to a narrow subset of historical import entries and is not a final adjudication. Waaree is evaluating legal remedies and its U.S. business operations remain unaffected.

Waaree Energies Ltd has announced the closure of its trading window for directors, key managerial persons, designated employees, and their immediate relatives. This closure is in compliance with SEBI's Insider Trading Regulations, 2015. The window will be shut from July 1, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter ended June 30, 2026. The exact date for the board meeting to consider these results will be communicated later. This measure is standard practice to prevent potential insider trading before the public disclosure of financial information.

Waaree Energies Ltd. has announced the deregistration of its wholly owned subsidiary, Waaree Renewable Energies Australia PTY Limited, by the Australian Securities & Investments Commission on June 10, 2026. The subsidiary has consequently ceased to be a wholly owned subsidiary of the company. The Australian entity was dormant, and its contribution to turnover, revenue, income, and net worth for the last financial year (2025-26) was NIL. No sale agreement or consideration was involved as the deregistration was an administrative action.

Waaree Energies Ltd. has announced a change in its Senior Management Personnel (SMP). Mr. Sanjeev Pushkarna, the Chief Procurement Officer, has resigned from his position. His resignation is effective from the close of business hours on June 19, 2026. The company has provided the necessary disclosures as per SEBI regulations. Mr. Pushkarna cited personal and professional aspirations as the reason for his departure, expressing gratitude for his tenure.

Waaree Energies Limited has announced the receipt of a significant order for the supply of 800MW solar modules from a leading energy solutions provider. The order is valued at a broad commercial consideration equivalent to the supply of 800MW solar modules and is to be fulfilled within the Financial Year 2026-27. This is a one-time order from a domestic entity, and the company has confirmed that neither the promoter nor the promoter group has any interest in the awarding entity, nor does it fall under related party transactions. The details of the order are enclosed as per SEBI Listing Regulations.

Mr. Chimanlal Tribhuvandas Doshi, a promoter of Waaree Energies Ltd, has transferred 200,000 equity shares (0.069% of total paid-up equity) to Ratnakukshi Bhakti Foundation and Jain Education and Empowerment Trust on June 01, 2026. This transfer is for charitable/educational purposes and is in furtherance of the earlier intimation dated October 06, 2025, regarding the promoter family's intent to donate 1% of the equity share capital for charitable purposes.

Waaree Power Private Limited (WPPL), a wholly-owned subsidiary of Waaree Energies Ltd, has completed the acquisition of 100% equity stake in Waaree Semicon Private Limited (WSPL) for a total consideration of ₹1 lakh. Consequently, WSPL has become a step-down subsidiary of Waaree Energies Ltd, effective today. The company received intimation about the acquisition from WPPL today at 16:45 p.m. (IST).

Waaree Energies Ltd. has released a Monitoring Agency Report by CARE Ratings Limited for the quarter and year ended March 31, 2026, as per SEBI regulations. The report confirms that there were no deviations from the intended use of IPO proceeds of ₹3600 crore. CARE Ratings states the report offers an objective view based on information provided by Waaree Energies and believed to be accurate.