Waaree Energies Limited has announced that its wholly owned subsidiary in Singapore, Rasila International Pte Ltd, has been struck off from the Accounting & Corporate Regulatory Authority (ACRA). The strike-off became effective on August 9, 2025, as per the notification received by the company on September 15, 2025.

Key Details of the Strike-Off

• Effective Date: August 9, 2025
• Notification Received: September 15, 2025
• Regulatory Authority: Accounting & Corporate Regulatory Authority, Singapore

Impact on Waaree Energies

As a result of this development, Rasila International Pte Ltd has ceased to be a wholly owned subsidiary of Waaree Energies Limited. The company disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Implications

According to the company's disclosure:

• Rasila International Pte Ltd was described as a dormant company.
• The subsidiary had no turnover, revenue, income, or net worth in the financial year 2024-25.
• The strike-off was not part of any sale transaction, and no consideration was received.

Regulatory Compliance

Waaree Energies Limited has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this development. The company's Company Secretary & Compliance Officer, Rajesh Ghanshyam Gaur, signed the official communication to the stock exchanges.

This corporate action appears to be a streamlining of Waaree Energies' corporate structure, removing an inactive subsidiary from its books. As the struck-off entity was dormant and had no financial activity in the previous fiscal year, the immediate impact on Waaree Energies' operations and financials is likely to be minimal.

Waaree Energies , a prominent player in the renewable energy sector, has taken a significant step towards expanding its power project portfolio. The company's subsidiary, Waaree Forever Energies Private Limited, has incorporated three new step-down companies, as announced in a recent corporate update.

Strategic Expansion

The newly established step-down companies are set to play a crucial role in Waaree Energies' future growth strategy. These entities have been specifically created to hold and manage upcoming power projects, indicating the company's intent to broaden its footprint in the energy sector.

Potential for Future Growth

This move by Waaree Forever Energies Private Limited suggests a proactive approach to structuring its business for future power project acquisitions or developments. By creating separate entities for these projects, the company may be positioning itself to:

• Streamline project management
• Optimize financial structures for individual projects
• Potentially attract project-specific investments or partnerships

Implications for Waaree Energies

The incorporation of these step-down companies by its subsidiary could signal Waaree Energies' commitment to expanding its power generation capacity. This strategic decision may allow the parent company to:

• Diversify its project portfolio
• Enhance its market position in the power sector
• Create additional value for stakeholders through new project developments

As the renewable energy landscape continues to evolve, Waaree Energies appears to be laying the groundwork for capitalizing on future opportunities in the power generation market.

Investors and industry observers will likely be watching closely to see how these new entities contribute to Waaree Energies' overall growth strategy and operational capabilities in the coming months and years.