Waaree Energies , a prominent player in the solar energy sector, saw its share price soar to an all-time high of Rs 3,748.00 on Thursday, marking a significant 7.77% gain. This surge comes as part of a three-day winning streak for the company's stock.

GST Rate Cut Impact

CEO Amit Paithankar highlighted the transformative impact of recent GST rate cuts on India's solar industry. He stated that these reductions would substantially boost demand and lower project costs by 5%, directly benefiting consumers, including those participating in the PM Surya Ghar Yojana.

Financial Performance

Waaree Energies reported robust financial results, with consolidated net profit surging by 89% to Rs 745.00 crore, compared to Rs 394.00 crore in the corresponding period last year.

Stock Performance and Analyst Outlook

The company's stock has demonstrated strong performance, advancing 57.7% over the past 12 months and 29% year-to-date. Thursday's trading session saw volume reach four times the 30-day average, with the Relative Strength Index (RSI) at 70.51.

Analyst sentiment remains mixed:

• 4 analysts maintain buy ratings
• 3 analysts suggest sell ratings
• The average consensus price target implies a 13% downside

Corporate Governance Update

In a recent development, Waaree Energies received no objection for reclassifying promoter group Metafin Cleantech Finance Pvt. Ltd. from the promoter category to the public category.

The combination of positive industry developments, strong financial performance, and corporate restructuring appears to be driving investor interest in Waaree Energies, as reflected in its recent stock price movements.

Waaree Energies Limited , a prominent player in the renewable energy sector, has successfully obtained approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for the reclassification of a promoter group entity. The company announced that Metafin Cleantech Finance Private Limited has been reclassified from the promoter group category to public shareholder status.

Reclassification Details

The approvals for this significant change were granted on September 8, 2025, following an application submitted by Waaree Energies on May 22-23, 2025. The reclassification process was carried out in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Shareholding Status

It's noteworthy that Metafin Cleantech Finance Private Limited currently holds zero equity shares in Waaree Energies, representing a 0.00% shareholding in the company. This absence of shareholding likely facilitated the reclassification process.

Regulatory Compliance

Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer of Waaree Energies, confirmed the receipt of approval letters from both exchanges. The BSE approval came through letter no: LIST/COMP/KR/431/2025-26, while the NSE approval was communicated via letter no: NSE/LIST/COMP/WAAREEENER/483/2025-26, both dated September 8, 2025.

Implications and Transparency

This reclassification marks a change in the company's ownership structure and could potentially impact investor perceptions. By moving Metafin Cleantech Finance Private Limited to the public shareholder category, Waaree Energies demonstrates its commitment to transparent corporate governance and accurate representation of its ownership structure.

Upcoming Investor Engagement

In a separate announcement, Waaree Energies disclosed plans for a physical meeting with a group of investors scheduled for September 12, 2025. The meeting will take place at the company's manufacturing plant in Chikhli, Navsari, Gujarat. The company has emphasized that discussions during this visit will be based solely on publicly available information, adhering to regulatory guidelines regarding the disclosure of sensitive information.

Investors and market watchers will likely keep a close eye on Waaree Energies as it continues to evolve its corporate structure and engage with the investment community. The company's proactive approach to regulatory compliance and investor relations underscores its commitment to maintaining strong market presence in the competitive renewable energy sector.