Waaree Renewable Technologies completes 55% stake acquisition

Waaree Renewable Technologies Ltd has successfully completed the acquisition of 55% equity shares in Associated Power Structures Private Limited. The transaction, executed through primary and secondary acquisitions, was finalized on June 18, 2026. Consequently, Associated Power Structures Private Limited has become a subsidiary of Waaree Renewable Technologies Ltd, strengthening its operational footprint.

The acquisition involved the allotment of shares under the primary acquisition and the transfer of shares under the secondary acquisition. This development follows previous intimations sent to the exchanges on January 26, 2026, May 7, 2026, and June 15, 2026. The company received intimation regarding the completion of the acquisition at 14:30 p.m. (IST).

Key Details of the Acquisition

Aspect	Details
Target Company	Associated Power Structures Private Limited
Former Name	Associated Power Structures Limited
Stake Acquired	55% equity shares
Transaction Type	Primary and secondary acquisition
Completion Date	June 18, 2026
Subsidiary Status	Associated Power Structures Private Limited is now a subsidiary

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 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
-0.14%	-1.74%	+2.98%	+2.14%	+1.79%	+16.03%

Waaree Renewable Technologies Ltd has secured an order enhancement of Rs 30.91 Cr for an existing solar power project, increasing the total contract value to Rs 1,044.69 Cr inclusive of taxes. The company received intimation regarding the scope expansion on June 17, 2026. The enhancement applies to the Engineering, Procurement, and Construction (EPC) works for a 980 MWp / 700 MWac solar power plant, awarded by one of India's leading renewable energy companies, a domestic entity.

The aggregate order size for the project remains consistent with the initial disclosure made on February 20, 2024, and all original terms and conditions of the contract remain unchanged following this scope adjustment. The execution timeline for the enhanced scope is yet to be mutually decided between the parties.

The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The filing also references a previous update submitted on November 10, 2025, regarding the Letter of Award for this project.

Order Details

The key parameters of the enhanced order are summarised below:

Particulars:	Details
Nature of Order:	Commercial Order
Entity Type:	Domestic
Order Enhancement:	Rs 30.91 Cr
Total Order Value:	Rs 1,044.69 Cr (Inclusive of taxes)
Project Capacity:	980 MWp / 700 MWac
Related Party Transaction:	No