Waaree Energies Ltd announced that its wholly owned subsidiary, Waaree Renewable Energies Australia PTY Limited, was deregistered by the Australian Securities & Investments Commission (ASIC) on June 10, 2026. The company received confirmation of the deregistration via email on June 24, 2026. Consequently, the Australian entity has ceased to be a wholly owned subsidiary of Waaree Energies Ltd effective June 10, 2026.

The disclosure was made to the stock exchanges in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Subsidiary Details and Financial Impact

According to the details provided in the filing, Waaree Renewable Energies Australia PTY Limited was a dormant company. During the previous financial year 2025-26, the subsidiary contributed nil turnover, revenue, income, or net worth to the listed entity. The deregistration was not part of a sale agreement, and no consideration was received or expected.

The transaction did not involve any buyers, nor did it fall under related party transactions or a slump sale. As the subsidiary was dormant, the deregistration does not involve any Scheme of Arrangement. The company confirmed that the disposal was completed outside any such scheme.

The following table summarizes the key details regarding the deregistration:

Waaree Energies Ltd has accepted the resignation of Sanjeev Pushkarna from the position of Chief Procurement Officer, effective June 19, 2026. The company disclosed this change in senior management personnel to the stock exchanges, confirming that the resignation took effect at the close of business hours on the specified date. This development marks a departure in the firm's procurement leadership structure.

The resignation was communicated pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his resignation letter addressed to the Whole-time Director & CEO, Pushkarna explained that the decision was made after careful consideration to transition to a new professional and personal chapter that aligns with his long-term aspirations and goals.

Details of the Change

The company filed the necessary disclosures with BSE Limited and the National Stock Exchange of India Limited. The filing included an annexure detailing the specifics of the personnel change, which categorized the event as a resignation.

Pushkarna expressed gratitude for the opportunities provided during his tenure and acknowledged the support extended by the leadership team and colleagues. He wished the Waaree Group continued success and future prosperity in his communication. The company has updated its records to reflect this change in its senior management roster.