Waaree Renewable Technologies announced the incorporation of AuroVault Data Centers as a new step-down subsidiary. The move expands the company’s digital infrastructure presence alongside its existing Sunstar Data Centers entity.

The company filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the September 11, 2026 incorporation of Sunstar Data Centers Private Limited, another step-down wholly owned subsidiary of Waaree Green Data Centers Private Limited.

Business Scope and Objectives

Sunstar Data Centers will focus on establishing, developing, and operating data center facilities. The scope includes hyperscale data centers, AI-ready data centers, edge data centers, and disaster recovery centers. The entity plans to provide colocation, managed hosting, cloud connectivity, and cybersecurity services.

The business objectives also cover GPU hosting, high-performance computing, and other digital infrastructure services. Operations are planned for both India and international markets. The company intends to finance, construct, own, lease, and manage these facilities.

Financial and Regulatory Details

As a newly incorporated entity, Sunstar Data Centers has nil turnover. The acquisition does not involve related party transactions, and no promoter or group company interest exists outside the parent structure. No governmental or regulatory approvals are required for this incorporation.

The consideration for the incorporation involves cash subscription to the Memorandum of Association by Waaree Green Data Centers. The transaction is not classified as an acquisition with a specific cost price, as it is a fresh incorporation. The entity is registered in India and has not yet commenced business operations.

Waaree Renewable Technologies has scheduled its 27th Annual General Meeting (AGM) for Wednesday, September 23, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM) at 11:00 am.

The company issued the notice on August 31, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report for FY26 is also available electronically to members with registered email IDs and on the company website.

E-Voting Schedule

Waaree Renewable Technologies will utilize the remote e-voting system provided by Central Depository Services Limited (CDSL). The voting window is strictly defined as follows:

Shareholders can also vote electronically during the AGM itself. The cut-off date for determining member eligibility to vote is Wednesday, September 16, 2026.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for shareholder approval:

• Adoption of Financial Statements: Shareholders will consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.
• Re-appointment of Director: Mr. Sunil Rathi (DIN: 08036090), who retires by rotation, has offered himself for re-appointment.
• Re-appointment of Statutory Auditor: M/s. KKC & Associates LLP (formerly Khimji Kunverji & Co. LLP) is proposed for re-appointment as Statutory Auditor for a second term of five consecutive years. The remuneration is fixed at ₹25 Lakhs per annum.
• Conversion of Loan into Equity: A special resolution seeks approval to enable lenders to convert outstanding loans into fully paid-up equity shares at their option, subject to financing documents and applicable laws. The company clarified this is an enabling resolution with no current proposals for conversion.
• Material Related Party Transactions: Ordinary resolutions seek approval for transactions with four related parties for a period of one year from the conclusion of the AGM:
  • Waaree Energies Limited (Parent): Proposed transactions valued at ₹746.80 crore, including purchases, sales, loans, and reimbursements.
  • Waaree Forever Energies Private Limited (Wholly-Owned Subsidiary of Parent): Proposed sales of goods/services valued at ₹1,000 crore.
  • Waaneep Solar One Private Limited (Wholly-Owned Subsidiary of Parent): Proposed sales of goods/services valued at ₹500 crore.
  • Lumina Greentech Private Limited (Step-Down Subsidiary of Parent): Proposed sales of goods/services valued at ₹550 crore.

Corporate Details

The intimation was issued by Heema Shah, Company Secretary (ACS 52919). Waaree Renewable Technologies is a subsidiary of Waaree Energies Limited. The company is listed on both the Bombay Stock Exchange and the National Stock Exchange of India.