Waaree Technologies conducted its 13th Annual General Meeting (AGM) on September 28, 2026, through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting commenced at 4:00 pm and concluded at 4:40 pm, including the time allotted for e-voting.

Due to the absence of Chairman and Managing Director Kirit Chimanlal Doshi, the Board appointed Rushabh Pankaj Doshi, Director and CFO, as the Chairperson for the session. A total of 31 members participated in the virtual meeting. The quorum required under Section 103 of the Companies Act, 2013, was confirmed present before proceedings began.

Resolutions passed at the meeting

The members considered and passed several ordinary resolutions outlined in the AGM notice. These included the adoption of financial statements for FY26 and the appointment of directors liable to retire by rotation.

A significant portion of the agenda focused on governance and oversight. The shareholders approved the appointment of M/s Bhatte & Co Chartered Accountants as the new Statutory Auditors. Additionally, multiple material related party transactions were approved to ensure continued operational synergy with group entities.

Auditor and compliance updates

The Chairperson informed members that the Statutory Auditor’s Report on the financial statements was free from any qualification, reservation, adverse remark, or disclaimer. Similarly, the Secretarial Audit Report received a clean opinion. The reports were made available for inspection electronically upon request.

Remote e-voting had been open from September 24, 2026, at 10:00 am until September 27, 2026, at 5:00 pm. During the AGM, venue e-voting remained open for attendees who had not voted earlier. Manoj Mimani, Partner at M/s R M Mimani & Associates LLP, served as the Scrutinizer to supervise the voting process. The final results are expected to be declared within two working days.

Waaree Technologies has submitted its Annual Report for FY26 along with the notice for its 13th Annual General Meeting (AGM), scheduled for September 28, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

Key Agenda Items

The AGM agenda includes the adoption of audited financial statements for the year ended March 31, 2026, and the reappointment of Mr. Vivek Srivastava as a director by rotation. Crucially, shareholders are asked to approve multiple material related-party transactions (RPTs) with promoter group entities and companies where directors hold interests.

Financial Performance

For FY26, the company reported total income of ₹745.19 lakh, a decline from ₹1,045.10 lakh in FY25. The loss before tax narrowed to ₹555.75 lakh from ₹753.26 lakh in the previous year. Net loss after tax stood at ₹417.83 lakh, compared to ₹565.00 lakh in FY25.

Related Party Transactions

The company seeks omnibus approval for RPTs with several entities, including Waaree Energies Limited, Waaree Renewable Technologies Limited, and Waaree Sustainable Finance Private Limited. These transactions involve the purchase and sale of goods, availing EPC services, and borrowing facilities.

• Waaree Energies Limited: Proposed purchases of up to ₹100 crore, sales of up to ₹20 crore, and borrowing facility of up to ₹20 crore.
• Waaree Renewable Technologies Limited: Proposed EPC services up to ₹5 crore, sales up to ₹10 crore, and borrowing up to ₹20 crore.
• Waaree Sustainable Finance Private Limited: Borrowing facility up to ₹20 crore.

Other proposed transactions include deals with Waaree Power Private Limited, Sangam Solar One Private Limited, Waaree ESS Private Limited, Waa Cables Private Limited, and Waaree Energy Storage Solutions Private Limited, primarily involving the sale of battery packs and energy storage materials.

Auditor Appointment

Shareholders will also vote on the appointment of M/s BHATTER & CO., Chartered Accountants, as statutory auditors for five years, replacing M/s R T Jain & Co. LLP whose tenure expires. The proposed remuneration for the new auditors is ₹3.50 lakh per annum, excluding taxes.

Meeting Logistics

The cut-off date for voting is September 21, 2026. Remote e-voting will be available from September 24 to September 27, 2026. Members holding shares in physical mode are reminded to update their KYC details to ensure eligibility for electronic payments.