Waaree Energies Limited , a leading player in the solar energy sector, has announced the acquisition of Voltshift Energy Transition Private Limited, marking its strategic entry into the transformer manufacturing business. This move is part of Waaree's efforts to diversify its portfolio and strengthen its position in the energy sector.

Key Highlights of the Acquisition

• Waaree Energies has acquired 100% shareholding of Voltshift Energy Transition Private Limited.
• The acquisition was made through Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies.
• Voltshift Energy Transition is a newly incorporated company, acquired specifically for its potential in the transformer business.
• The acquisition cost is reported at Rs. 1.00 Lakh, with 10,000 equity shares at a face value of Rs. 10.00 per share.

Strategic Implications

This acquisition aligns with Waaree Energies' strategy to expand its presence in the energy sector. By venturing into the transformer business, the company aims to:

1. Diversify its product portfolio beyond solar energy solutions.
2. Establish an independent Strategic Business Unit for transformer manufacturing.
3. Potentially create synergies between its solar energy expertise and transformer production.

Financial Performance

Waaree Energies has also released its financial results for the quarter ended June 30, 2025. The company reported:

Corporate Governance Updates

In addition to the acquisition and financial results, Waaree Energies has made several key appointments:

• Reappointed M/s. VJ Talati & Co. as the Cost Auditor for the Financial Year 2025-26
• Reappointed Mahajan and Aibara as the Internal Auditor for the Financial Year 2025-26
• Appointed M/s Makarand M Joshi & Co. as the Secretarial Auditor for a period of five consecutive financial years

Expansion Plans

The company has also approved significant capital expenditure plans:

• Setting up a 4 GW Cell plant in Unn, Navsari district, Gujarat
• Establishing a 4 GW Ingot Wafer plant in Nagpur, Maharashtra
• Total capex amount of Rs. 2,754.00 Crores, to be spread over FY 2026-27

These expansion plans demonstrate Waaree Energies' commitment to growing its manufacturing capabilities in the solar energy sector, while simultaneously diversifying into the transformer business through the Voltshift acquisition.

As Waaree Energies continues to expand its footprint in the energy sector, the acquisition of Voltshift Energy Transition marks a significant step towards becoming a more diversified energy solutions provider. The company's strong financial performance and strategic investments position it well for future growth in both the solar and transformer markets.

Waaree Energies Limited , a leading player in the solar energy sector, has reported robust financial performance for the first quarter of fiscal year 2026 and announced significant expansion plans.

Strong Q1FY26 Financial Performance

Waaree Energies reported impressive financial results for the quarter ended June 30, 2025:

Major Manufacturing Expansion

In a significant move to bolster its manufacturing capabilities, Waaree Energies' Board of Directors has approved additional capital expenditure of ₹2,754.00 crore for expanding production facilities. The expansion plans include:

1. A 4 GW cell plant in Gujarat
2. A 4 GW ingot-wafer plant in Maharashtra

Currently, the company's manufacturing capacity stands at 15 GW for modules and 5.4 GW for cells.

Investor Meeting and Future Guidance

Waaree Energies has scheduled an analysts and institutional investors meeting on July 30, 2025, to present the quarterly results ended June 30, 2025. The management has provided FY26 EBITDA guidance in the range of ₹5,500.00-6,000.00 crores.

Outlook

Waaree Energies' strong Q1FY26 performance and ambitious expansion plans reflect the company's confidence in the growing demand for solar energy solutions. The significant investments in new manufacturing facilities are expected to strengthen the company's position in the market and support its long-term growth strategy.

As the renewable energy sector continues to gain momentum, Waaree Energies appears well-positioned to capitalize on the opportunities in the solar market, both domestically and internationally.