Waaree Energies will host a group of institutional investors and analysts for a physical meeting at its manufacturing facilities in Gujarat on Tuesday, August 25, 2026. The interaction is part of the company's ongoing engagement with the investment community under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company emphasized that all discussions during the visit will be based solely on publicly available information. No unpublished price-sensitive information will be disclosed during the interactions. Waaree noted that changes to the schedule may occur due to exigencies on the part of the host.

Visit Details

The event aims to provide investors with a firsthand look at the company's operational capabilities. Key details of the engagement are as follows:

• Date: August 25, 2026
• Location: Manufacturing facilities in Gujarat
• Participants: Group of investors and analysts
• Scope: Discussion based on publicly available information only

Investors seeking further information can refer to the latest investor presentation available on the company's website. The announcement was signed by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer of Waaree Energies Limited.

Waaree Energies has entered into a joint venture with Ultratech Cement Limited (UCL) to develop solar energy projects. The deal involves Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies, and Solaris Horizon Energy Private Limited (SHEPL), a wholly owned subsidiary of Waaree Forever.

The parties executed an Energy Supply Agreement (ESA) and a Share Subscription and Shareholders’ Agreement (SSHA) on August 12, 2026. Under the terms of the SSHA, UCL will subscribe to and hold 26% of the total paid-up equity share capital of SHEPL. The cash consideration for this subscription is ₹27.76 crore (₹27,75,50,000).

Deal Structure and Timeline

SHEPL was incorporated in FY26 as a special purpose vehicle and has not yet commenced business operations. The transaction is not classified as a related party transaction, and UCL does not belong to the promoter group or group companies of Waaree Energies.

Completion of the sale is expected within 180 days from the execution of the agreements, subject to the fulfillment of conditions precedent and subsequent outlined in the SSHA and ESA. The ESA stipulates that the parties will supply and offtake electricity generated from the project undertaken by SHEPL.

What the Numbers Show

The valuation implied by the transaction places the total equity value of SHEPL at approximately ₹106.77 crore, based on UCL’s 26% stake being valued at ₹27.76 crore. This structure allows Waaree Energies to retain a controlling 74% interest while securing a strategic industrial off-taker in UCL, which is engaged in cement manufacturing and the sale of grey cement, ready mix concrete, and white cement. The deal aligns with regulatory disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.