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.

Waaree Renewable Technologies submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 2026. The filing confirms a turnover of ₹1,59,746.14 lakh and net worth of ₹45,669.36 lakh. The company reported zero fatalities and zero lost-time injuries across its operations during the period.

The Mumbai-based entity operates as a subsidiary of Waaree Energies Limited. Its business activities account for 100% of turnover through turnkey solar EPC solutions and the supply of electricity. The reporting scope encompasses project sites and offices across India, with no international operations disclosed.

Operational Metrics

The company manages 58 total locations, comprising 23 EPC projects, 34 O&M projects, and one office. It serves customers in 11 states within India. The customer base spans industrial, commercial, and utility segments, engaging in rooftop, ground-mounted, and open-access solar projects.

What the Numbers Show

The data reveals a significant shift in related-party transaction dynamics. Purchases from related parties rose to 28.56% of total purchases in FY26, a sharp increase from 4.74% in the prior year. Sales to related parties also nearly doubled to 7.27% from 3.55%. Notably, loans and advances given to related parties constituted 100% of total loans and advances, indicating complete concentration of lending exposure within the corporate group.

Human Capital

The workforce consists of 795 employees, with no direct workers employed. Female representation stands at 3.14% of the total employee count. The board includes one woman director, representing 12.5% of the total strength. Key Management Personnel includes one female member, accounting for 50% of that group.

The turnover rate for permanent employees was 28.69% in FY26, compared to 27.22% in FY25 and 18.73% in FY24. All permanent employees received health and accident insurance coverage. The company conducted 10,355 EHS training sessions, amounting to 87,498 training hours against total worked man-hours of 1,10,32,387.

Environmental Impact

Total energy consumption stood at 11,057 GJ, with renewable sources contributing 173 GJ and non-renewable sources accounting for 10,884 GJ. Greenhouse gas emissions totaled 616 metric tonnes of CO2 equivalent for Scope 1 and 149 metric tonnes for Scope 2.

Water withdrawal was entirely from third-party sources, totaling 8,159 kiloliters. The company generated 790.8 metric tonnes of waste, recovering 787.6 metric tonnes through recycling, reuse, or other recovery options. Only 0.05 metric tonnes were disposed of via incineration.

Governance

The Managing Director oversees sustainability-related decision-making. The company reported two shareholder complaints and three customer complaints, all of which were resolved within the reporting year. No fines, penalties, or legal actions were recorded during the period.