In a move that could potentially boost the renewable energy sector, the Indian government is considering providing Goods and Services Tax (GST) relief for solar and wind energy industries. This development comes as part of the country's ongoing efforts to promote clean energy and reduce dependence on fossil fuels.

Potential GST Relief

The government is exploring options to offer GST relief specifically tailored for the solar and wind energy sectors. While the exact details of the proposed relief are yet to be disclosed, this move could significantly reduce the tax burden on these renewable energy segments, potentially making solar and wind power more cost-competitive.

Grid Fee Waiver Extension

In addition to the GST relief, authorities are also contemplating an extension of the grid fee waiver for solar and wind energy producers. The grid fee waiver has been a crucial incentive for renewable energy companies, as it helps reduce the overall cost of power generation and transmission.

Implications for the Renewable Energy Sector

These potential measures, if implemented, could have far-reaching implications for India's renewable energy landscape:

1. Cost Reduction: GST relief and extended grid fee waivers could lower the overall cost of solar and wind energy projects, making them more attractive to investors and developers.

2. Increased Competitiveness: Reduced costs could help solar and wind energy compete more effectively with traditional fossil fuel-based power generation.

3. Accelerated Growth: These incentives may spur faster growth in the renewable energy sector, helping India meet its ambitious clean energy targets.

4. Investor Confidence: Government support through tax relief and fee waivers could boost investor confidence in the renewable energy sector.

While these considerations are still in the exploratory phase, they signal the government's commitment to supporting and expanding India's renewable energy capacity. Stakeholders in the solar and wind energy sectors will be closely watching for further developments and official announcements regarding these potential incentives.

Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has announced significant changes to its leadership team and set the date for its upcoming Annual General Meeting (AGM). The decisions were made during a board meeting held on August 26, 2025.

New Whole Time Directors

The company's board has approved the appointment of three new Whole Time Directors, each for a term of five years effective August 26, 2025:

1. Mr. Viren Doshi (DIN: 00207121): With over two decades of experience in the engineering industry, Mr. Doshi has been with the Waaree Group since its inception. He currently oversees the engineering, procurement, and construction of solar projects across the company and its subsidiaries.

2. Mr. Hitesh Mehta (DIN: 00207506): Bringing over three decades of experience in engineering, solar, and oil industries, Mr. Mehta combines strategic insight with financial expertise. He holds a Bachelor's degree in Commerce from the University of Bombay and is a member of the Institute of Chartered Accountants of India (ICAI).

3. Mr. Sunil Rathi (DIN: 08036090): Mr. Rathi holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai. With over three decades of experience in sales and marketing, his career spans leadership roles with reputed companies.

It's worth noting that Mr. Viren Doshi is related to Mr. Pujan Doshi, the Managing Director of the company, while Mr. Hitesh Mehta and Mr. Sunil Rathi have no inter-se relationships with other Board members or Key Managerial Personnel.

Additional Appointments

The board also made two other significant appointments:

1. M/s Makarand M. Joshi & Co. has been appointed as the Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30, subject to shareholder approval at the upcoming AGM.

2. Mr. Kamlesh Harchandani has been appointed as CEO-Data Centre under the Senior Management Personnel (SMP) category, effective September 1, 2025. Mr. Harchandani brings over 29 years of diverse experience, including 16+ years specializing in Data Center design and development.

Annual General Meeting

Waaree Renewable Technologies has scheduled its 26th Annual General Meeting for September 23, 2025. The company has set the following important dates:

The company will be using the e-voting system provided by Central Depository Services Limited (CDSL) for both remote voting and voting during the AGM.

These strategic appointments and the upcoming AGM underscore Waaree Renewable Technologies' commitment to strengthening its leadership team and maintaining transparent communication with its shareholders as it continues to grow in the renewable energy sector.