Waaree Energies has secured two solar module orders, reinforcing its growing order book in the renewable energy sector. The company received an order for 212 MW of solar modules from a renowned international customer that owns and manages utility-scale renewable power projects, along with a separate order for 125 MW of solar modules, reflecting sustained demand for its offerings.

212 MW International Order

The 212 MW order from the international client is incremental to an existing 350 MW commitment from the same customer, bringing the total order capacity from this client to 562 MW. The supply of these modules is scheduled for Financial Year 2026-27. The order was received on July 16, 2026, and involves a one-time supply of solar modules. The transaction is not a related party transaction, and promoters and group companies of Waaree Energies have no interest in the entity awarding the order.

125 MW Solar Module Order

In addition to the international order, Waaree Energies has also received a separate order for 125 MW of solar modules, further adding to its execution pipeline.

Strategic Implications

With these order wins, Waaree Energies continues to demonstrate its ability to secure substantial utility-scale solar projects across both domestic and international markets. The cumulative supply commitment of 562 MW to the global client alone, combined with the additional 125 MW order, underscores the robust demand for the company's solar module offerings and strengthens its near-term execution pipeline.

Waaree Energies Limited has executed a significant restructuring within its promoter group, following the transfer of 12,69,82,903 equity shares, representing a 44.14% stake, from Mr. Chimanlal Tribhuvandas Doshi to the C.T. Doshi Family Trust. The transaction, executed as an inter se transfer by way of gift on July 16, 2026, aims to streamline succession planning and promote family welfare. This shift does not alter the aggregate promoter group holding or affect the interests of public shareholders.

The transfer was sanctioned under an exemption granted by the Securities and Exchange Board of India (SEBI) via order WTM/KCV/CFD/05/2026-27 dated July 03, 2026. This order relieved the acquirer from the mandatory open offer obligations typically required under Regulations 3, 4, and 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption was granted considering the transaction is an internal family arrangement with no change in control or management of the target company.

Shareholding Pattern

The off-market gift resulted in a material realignment of holdings among promoter entities. Mr. Chimanlal Tribhuvandas Doshi's direct equity stake reduced substantially, while the C.T. Doshi Family Trust emerged as a major holder. The total equity share capital of the company remains unchanged at Rs. 2,87,65,13,350, comprising 28,76,51,335 equity shares of Rs. 10 each.

Regulatory Compliance

Prior intimation regarding the proposed acquisition was submitted to the stock exchanges on July 09, 2026, in compliance with Regulation 10(5) of the Takeover Regulations. The disclosure was filed by Hitesh Chimanlal Doshi, Power of Attorney Holder and Managing Trustee of the C.T. Doshi Family Trust. The filing confirms that the trustees and beneficiaries of the trust are immediate relatives or lineal descendants of the promoter, ensuring beneficial ownership remains within the promoter group.