Waaree Renewable Technologies acquisition delayed to June 30

Waaree Renewable Technologies Ltd has informed the stock exchanges that the completion of its acquisition of Associated Power Structures Private Limited has been delayed. The company now expects the entire process, including the transfer of existing securities and the allotment of fresh securities, to be completed by June 30, 2026. The transaction was originally scheduled to be finalized by June 15, 2026.

The delay is attributed to procedural requirements associated with the acquisition. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This update follows previous intimations sent to the exchanges on January 26, 2026, and May 7, 2026.

Associated Power Structures Private Limited was formerly known as Associated Power Structures Limited. The acquisition involves both the acquisition of existing securities and the issuance of fresh securities. The company stated that the information regarding the updated timeline is available on its website.

Key Details of the Acquisition

Aspect	Details
Target Company	Associated Power Structures Private Limited
Former Name	Associated Power Structures Limited
Original Completion Date	June 15, 2026
Revised Completion Date	June 30, 2026
Reason for Delay	Procedural requirements for transfer and allotment of securities

Waaree Renewable Technologies Limited is a subsidiary of Waaree Energies Limited. The filing was submitted by Heema Shah, Company Secretary and Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.12%	+0.30%	+3.11%	+2.75%	-2.23%	+13.48%

Waaree Renewable Technologies has signed a Letter of Agreement (LOA) for the execution of an Engineering, Procurement, and Construction (EPC) contract for a 300MW/450MWp Ground Mount Solar project. The order, secured from its wholly-owned subsidiary Sunsational Power Private Limited (SPPL), includes two years of operation and maintenance services and is scheduled for completion in the financial year 2026-27.

Contract Details

The key parameters of the EPC contract are outlined below:

Parameter	Details
Contract Type	EPC (Engineering, Procurement & Construction)
Project Capacity	300MW/450MWp
Client	Sunsational Power Private Limited (SPPL)
Target Completion	FY 2026-27
Maintenance Period	Two years post-commissioning
Nature of Order	Commercial Order
Entity Type	Domestic

Scope of the Agreement

Under the terms of the LOA, Waaree Renewable Technologies will provide EPC services for the 300MW/450MWp Ground Mount Solar Project. The agreement encompasses full project execution responsibilities along with a post-commissioning operation and maintenance commitment for two years. The disclosure confirms that the order falls within related party transactions and is conducted at arm's length, as SPPL is a subsidiary of the company.