Waaree Energies Limited has received shareholder approval to raise capital aggregating up to ₹10,000 crores through a Qualified Institutions Placement (QIP). The resolution to issue equity shares or other eligible securities to eligible investors was passed via a remote e-voting process concluded on June 13, 2026. This capital raise initiative is aimed at bolstering the company's financial resources for future growth.

In addition to the fund raise, shareholders approved the appointment of Mr. Jignesh Devchandbhai Rathod (DIN: 11121448) as a Director of the company. A separate ordinary resolution was also passed to appoint him as the Whole-Time Director & Chief Executive Officer, determining the remuneration payable to him. These appointments are intended to strengthen the company's leadership structure.

The postal ballot process was scrutinized by Mr. Vaibhav Dandawate, Partner of M/s. Makarand M. Joshi & Co., Practicing Company Secretaries. The remote e-voting period commenced on May 15, 2026, and concluded on June 13, 2026. A total of 716,505 shareholders were on record as of the record date, May 9, 2026.

Voting Results Summary

All three resolutions were passed with the requisite majority. The special resolution for the QIP required a higher threshold, which was met with strong support from public institutions and non-institutions. The scrutinizer confirmed there were no invalid votes cast on the resolutions. The promoter group voted entirely in favour of all proposals, while public shareholders also supported the resolutions with significant majorities.

The following table presents the detailed voting outcome for each resolution:

Waaree Energies Limited has secured a significant order to supply 800MW of solar modules to a leading domestic energy solutions provider. The order, received on June 15, 2026, is scheduled for execution in Financial Year 2026-27, bolstering the company's order book for the upcoming fiscal period.

The transaction involves a one-time supply of solar modules to a domestic entity. The company confirmed that the order does not fall within related party transactions and that neither the promoter group nor group companies hold any interest in the entity awarding the contract.

Order Details

The disclosure regarding the order was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key particulars of the order are outlined below:

The information was submitted by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer of Waaree Energies.