Waaree Technologies has recommended the appointment of M/s. Bhatter & Co. as its statutory auditor, replacing the retiring firm M/s. R T Jain & Co LLP. The move follows a recommendation from the company’s audit committee during its board meeting held on August 29, 2026.

The proposed appointment is subject to approval by members through an ordinary resolution at the 13th Annual General Meeting (AGM). Upon approval, the new term will commence immediately after the conclusion of the current AGM and extend until the end of the 18th AGM scheduled for 2031.

Auditor Profile

Bhatter & Co., identified by Firm Registration Number (FRN) 131092W, is a Mumbai-based chartered accountants firm founded in 1975 by CA Daulal Bhatter. Headquartered in Nariman Point, the firm holds a valid peer review certificate and serves listed companies, financial institutions, and growth-stage businesses.

The board confirmed that there are no relationships between the directors and the proposed auditors, stating this field as "not applicable" in its regulatory disclosure.

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the details required for such appointments.

Vibhor Kumawat, Company Secretary and Compliance Officer, signed the disclosure following the board meeting which concluded at 4:05 pm on August 29, 2026.

The government is planning a major polysilicon manufacturing initiative valued at ₹7000-8000 crore, with Waaree Technologies and Premier among the companies associated with the development.

Initiative overview

The proposed polysilicon manufacturing initiative represents a significant push toward domestic production capacity in a critical segment of the solar energy supply chain. Polysilicon serves as a foundational raw material for solar photovoltaic cells and modules, and domestic manufacturing capability in this segment is considered strategically important for India's renewable energy ambitions.

Key details

Waaree Technologies and Premier are among the entities linked to this government-backed polysilicon manufacturing plan. The initiative underscores the government's intent to strengthen the domestic solar manufacturing ecosystem by addressing upstream supply chain gaps.

Significance for domestic solar manufacturing

Polysilicon is a key upstream input in the solar value chain, and India has historically relied on imports to meet demand. A domestically anchored polysilicon manufacturing base of this scale could reduce import dependence and support the broader solar module manufacturing industry. The involvement of established players such as Waaree Technologies signals industry participation in the initiative.