Waaree Energies has closed its trading window for dealing in company securities starting October 1, 2026. The closure will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter and half year ended September 30, 2026.

This action is taken in compliance with the company's Insider Trading Prohibition Code under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to all Directors, Key Managerial Persons, Designated Persons, and their immediate relatives as prescribed in Schedule B of the regulations.

Regulatory Compliance Details

The company informed both BSE Limited and National Stock Exchange of India Limited about the closure. The specific period covers the time leading up to the release of the Q2FY27 and H1FY27 financial performance data.

The date for the consideration of the unaudited financial results will be intimated in due course. The filing was signed by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer, on September 28, 2026.

Waaree Energies Limited shareholders approved the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, during the company's 36th Annual General Meeting (AGM) held on September 24, 2026. The meeting also sanctioned a dividend on equity shares for FY26.

The AGM was conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), commencing at 11:00 am and concluding at 12:15 pm. All items of business listed in the notice dated August 29, 2026, were transacted and passed with the requisite majority. The statutory auditors' report and secretarial audit report for FY26 contained no qualifications.

Key resolutions passed

The following ordinary and special resolutions were approved by the members:

Chairman highlights record performance

Hitesh Chimanlal Doshi, Chairman and Managing Director, informed members that FY26 was a record year for the company, achieving record revenue, EBITDA, and profit. He highlighted that Waaree has shipped 36 GW of modules that are proven and operational globally. The Chairman outlined the company's transition into an integrated energy platform under "Waaree 2.0," aiming to bring the entire energy value chain under one roof. He noted the scaling of manufacturing footprints across India, the United States, and Oman as part of the Atmanirbhar Bharat initiative in energy.

Governance and attendance details

A total of 80 shareholders participated in the meeting via video conferencing. The board attendance included Hitesh Doshi (Chairman & MD), Hitesh Mehta (Whole Time Director), Viren Doshi (Whole Time Director), Jignesh Rathod (Whole Time Director & CEO), and several independent directors including Rajender Malla, Mahesh Chhabria, Rajinder Loona, and Ms. Mona Bhide. Abhishek Pareek served as Chief Financial Officer, and Rajesh Ghanshyam Gaur acted as Company Secretary and Compliance Officer.

Statutory auditors SRBC & Co. LLP, internal auditors Mahajan & Aibara, and secretarial auditors Makarand M. Joshi & Co. were present. Vaibhav Dandawate of Makarand M Joshi & Co. was appointed as the scrutinizer for the e-voting process. Results of the e-voting will be uploaded to the company website and stock exchanges within two working days.

Voting pattern analysis

Scrutinizer reports released on September 25, 2026, detailed the voting outcomes across shareholder categories. While all resolutions passed with requisite majorities, institutional investors expressed dissent on specific governance matters.

For the re-appointment of Viren Chimanlal Doshi as a director, institutional holders cast 7.18% of their votes against the resolution, while non-institutional public shareholders voted almost unanimously in favor (99.99%). Promoters voted 100% in favor.

Similarly, for the appointment of Mona Bhide as an independent director, institutional investors voted against the proposal with 12.12% dissent. Non-institutional public shareholders supported the appointment with 99.99% votes in favor. Promoters again voted unanimously in favor.

In contrast, financial resolutions such as the adoption of standalone and consolidated financial statements saw lower but notable institutional dissent of 2.18% and 2.92% respectively. The declaration of dividend received near-unanimous support from all categories, with only 0.0004% total votes against.