Waaree Energies Limited has announced a major expansion in its renewable energy portfolio through the incorporation of 15 new wholly-owned subsidiaries over one week. The company informed stock exchanges about these strategic developments in compliance with SEBI listing regulations.

December 17, 2025 Initial Incorporations

Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies, initially incorporated three new subsidiaries on December 17, 2025. The certificates of incorporation were received on the same day.

December 18, 2025 Additional Incorporations

Following the previous day's incorporations, Waaree Forever Energies Private Limited incorporated two additional wholly-owned subsidiaries on December 18, 2025, with certificates of incorporation received on the same day.

December 22-23, 2025 Major Expansion

In the latest development, Waaree Forever Energies Private Limited incorporated ten additional wholly-owned subsidiaries, with certificates of incorporation received on December 23, 2025. This brings the total number of new subsidiaries to 15 within one week.

Business Objectives and Strategic Purpose

All 15 newly incorporated entities have been established with a specific focus on the Independent Power Producer (IPP) framework. These subsidiaries are designed to facilitate and hold specific power projects, indicating Waaree Energies' significant commitment to expanding its presence in the renewable energy sector.

Shareholding Structure and Compliance

Waaree Forever Energies Private Limited holds 100% share capital in all 15 newly incorporated companies. This structure ensures complete control and alignment with the parent company's strategic objectives in the renewable energy space.

The incorporation announcements were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures follow the requisite format as specified under SEBI circular dated November 11, 2024, ensuring full transparency with stakeholders and regulatory authorities. The company has confirmed that these incorporations do not fall within related party transactions, and no governmental or regulatory approvals are required for these incorporations.

Waaree Energies Limited has announced a scheduled investor meeting for December 27, 2025, in compliance with SEBI regulations. The company informed stock exchanges about this upcoming engagement with institutional investors and analysts.

Meeting Details

The solar energy equipment manufacturer has organized a physical meeting with a group of investors scheduled for Saturday, December 27, 2025, in Delhi. Company officials will conduct the session to engage with the investment community.

Regulatory Compliance

The company has filed this intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and investor meetings.

Waaree Energies has emphasized that discussions during the meeting will be based solely on publicly available information. The company has specifically stated that no unpublished price-sensitive information relating to the company will be disclosed during the interactions.

Important Considerations

The company has noted that changes to the meeting schedule may occur due to exigencies on the part of the host or company. Investors and participants are advised to stay updated on any potential modifications.

The latest investor presentation is available on the company's official website at www.waaree.com , providing participants with access to current publicly available information ahead of the meeting.

Stock Exchange Communication

The notification was sent to both major Indian stock exchanges where Waaree Energies shares are listed. The company communicated with BSE Limited (Scrip Code: 544277) and National Stock Exchange of India Limited (Trading Symbol: WAAREEENER) regarding this investor engagement.

The communication was signed by Rajesh Ghanshyam Gaur, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols are followed for this investor interaction.