Waaree energies Limited has been assigned an Environmental, Social and Governance (ESG) rating of 66 with a category classification of 'Aspiring' by NSE Sustainability Ratings and Analytics Limited, a SEBI registered ESG rating provider. The company disclosed this development through a regulatory filing dated April 7th, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Details

The rating assessment was conducted independently by NSE Sustainability Ratings and Analytics Limited without any direct engagement from Waaree Energies. The company emphasized that it neither participated in the evaluation process nor provided any specific data for the assessment purpose.

Company's Clarification

Waaree Energies specifically clarified its non-involvement in the rating process, stating that the evaluation was based entirely on publicly available information. The company received notification of this rating through an email intimation from BSE Limited on April 6th, 2026, at 01:41 P.M.

The rating information has been made accessible through the company's official website at www.waaree.com , ensuring transparency for stakeholders and investors.

Regulatory Compliance

The disclosure was made in adherence to the mandatory reporting requirements under SEBI's listing regulations. The filing was signed by Rajesh Ghanshyam Gaur, Company Secretary and Compliance Officer, demonstrating the company's commitment to regulatory compliance and transparent communication with stakeholders.

ESG ratings have become increasingly important for companies as investors and stakeholders place greater emphasis on environmental, social, and governance factors in their decision-making processes.

Waaree Energies has officially announced that its wholly owned subsidiary, Sangam Solar One Private Limited, has commenced operations at a new 3000 MW solar module manufacturing facility in Gujarat. The facility began operations on April 06, 2026, at 10:00 am, marking a significant milestone in India's renewable energy manufacturing capacity expansion.

Facility Specifications and Infrastructure

The new manufacturing facility has been strategically established in Samakhiali-Kutch, Gujarat, with substantial production capabilities:

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing both major stock exchanges about this development. Waaree Energies submitted formal intimations to BSE Limited (Scrip Code: 544277) and National Stock Exchange of India Limited (Trading Symbol: WAAREENER) under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The announcement was signed by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed for this material development.

Strategic Manufacturing Expansion

This facility represents a notable addition to India's solar manufacturing ecosystem through Sangam Solar One Private Limited, the wholly owned subsidiary executing this project. The 3000 MW annual capacity contributes significantly to the country's domestic manufacturing capabilities in renewable energy, supporting India's goals of reducing import dependence and achieving renewable energy targets.

The modular design with four production lines of 750 MW each allows for efficient operations and demonstrates the company's systematic approach to scaling manufacturing capacity. The facility's location in Gujarat leverages the state's position as a key renewable energy manufacturing hub in India.

Corporate Structure and Operations

The facility operations are managed by Sangam Solar One Private Limited, operating as a wholly owned subsidiary of Waaree Energies Limited. This corporate structure allows for focused management of manufacturing operations while maintaining strategic oversight from the parent company. The commencement of operations strengthens Waaree Energies' manufacturing footprint and enhances its position in the solar energy value chain.