Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd (WAAREERTL) has received a Letter of Award (LOA) for an Engineering, Procurement, and Construction (EPC) contract for a 300MW/450MWp Ground Mount Solar project. The contract also includes two years of operation and maintenance services. The order has been awarded by Sunsational Power Private Limited (SPPL), a wholly-owned subsidiary of WAAREERTL. The project is scheduled for completion in FY 2026-27. This is considered a commercial order from a domestic entity.

Waaree Renewable Technologies Ltd has secured a turnkey Engineering, Procurement and Construction (EPC) contract for a 350MW/1400MWh Battery Energy Storage System (BESS) project. The order includes two years of operation and maintenance services. The contract was awarded by Waaree Forever Energies Private Limited (WFEPL), a subsidiary of the holding company. The project is scheduled for completion in the financial year 2026-27.

Waaree Renewable Technologies Ltd. announced that the acquisition of Associated Power Structures Private Limited (APSPL) is now expected to be completed by June 15, 2026, a delay from the initially planned completion date of April 30, 2026, due to procedural requirements. Definitive agreements, including a Shareholders Agreement (SHA) and a Share Purchase and Subscription Agreement (SPSA), have been executed. After the acquisition, WRTL will hold 55% shareholding in APSPL, making it a subsidiary.

Waaree Renewable Technologies Ltd's Board of Directors, at its meeting on April 16, 2026, approved the Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026, with an Unmodified Opinion. The Board also approved the appointment of M/s KC Mehta & Co. LLP as the Internal Auditor for FY 2026-27. Additionally, M/s KKC & Associates LLP was re-appointed as the Statutory Auditors for a term of five consecutive years, from the 27th AGM to the 32nd AGM, subject to shareholder approval.

Waaree Renewable Technologies Ltd (WRTL) reported stellar financial performance for FY26, with revenue from operations doubling by 108.51% YoY to R 3,331.42 crores and PAT growing by 109.09% YoY to R 478.65 crores. For Q4 FY26, revenue surged by 131.31% YoY to R 1,102.40 crores, and PAT increased by 66.08% YoY to R 155.72 crores. The company maintains a strong unexecuted order book of 2.83 GWp, slated for execution over the next 12-15 months, and has expanded into Battery Energy Storage Systems (BESS) and data centers. The bidding pipeline exceeds 36 GWp, and recent order wins include multiple ground-mounted solar projects.

Waaree Renewable Technologies Ltd's Board of Directors, at its meeting on April 16, 2026, approved the Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026. The results were accompanied by an Auditor's Report with an Unmodified Opinion. Additionally, the Board approved the appointment of M/s KC Mehta & Co. LLP as the Internal Auditor for FY 2026-27 and the re-appointment of M/s KKC & Associates LLP as Statutory Auditors for a five-year term, subject to shareholder approval.

Waaree Renewable Technologies Ltd's Board of Directors, at its meeting on April 16, 2026, approved the audited financial results (consolidated and standalone) for the quarter and financial year ended March 31, 2026, which received an unmodified opinion. The board also approved the appointment of M/s KC Mehta & Co. LLP as the Internal Auditor for the Financial Year 2026-27. Furthermore, M/s KKC & Associates LLP were re-appointed as the Statutory Auditors for a five-year term, commencing from the 27th Annual General Meeting, subject to shareholder approval.

Waaree Renewable Technologies Ltd's Board of Directors, at its meeting on April 16, 2026, approved the Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026. The results were adopted with an Unmodified Opinion from the auditors. Additionally, the Board approved the appointment of M/s KC Mehta & Co. LLP as the Internal Auditor of the Company for the Financial Year 2026-27. The re-appointment of M/s KKC & Associates LLP as Statutory Auditors for a term of five consecutive years, commencing from the conclusion of the 27th Annual General Meeting, was also approved, subject to shareholder consent.

Waaree Renewable Technologies Ltd has announced that its Board of Directors will convene a meeting on Thursday, April 16, 2026. The primary agenda for this meeting is to review and approve the audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2026. This disclosure is made in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The upcoming results will provide investors with insights into the company's financial performance for the latest quarter and the full fiscal year.

Waaree Renewable Technologies Ltd has announced the closure of its trading window for all Directors, Promoters, Designated Persons, and their immediate relatives and connected persons. The closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for prevention of Insider Trading. The closure is due to the upcoming declaration of Audited Financial Results for the quarter and year ended on March 31, 2026. The trading window will reopen 48 hours after the financial results are declared to the Stock Exchange.