Waaree Energies Limited has issued a regulatory clarification under Regulation 30(11) of SEBI Listing Regulations regarding media reports about a battery giga-factory investment in Andhra Pradesh. The clarification comes in response to a news item published in The Hindu on February 19, 2026, titled "Andhra secures Waaree Energies' battery giga-factory with ₹8,175 crore investment."

Board Approval and Investment Details

The company confirmed that its Board of Directors had previously approved a significant expansion in manufacturing capacity during a meeting held on October 01, 2025. The board decision involved increasing the production capacity of Lithium-Ion Advanced Chemistry Storage Calls and Battery Energy Storage Systems (BESS) from the current 3.5 GWh to 20 GWh.

Subsidiary and Manufacturing Plans

The expansion will be implemented through the company's wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited, with an additional capital expenditure of approximately ₹8,000 crores. This information was duly communicated to the stock exchanges on October 01, 2025, as per regulatory requirements.

Government Discussions and Site Selection

Following the board approval, Waaree Energies confirmed it is currently engaged in discussions with multiple state governments regarding the proposed greenfield manufacturing facility. The company specifically mentioned ongoing talks with:

• Government of Andhra Pradesh
• Certain other state governments

The company emphasized that these discussions are part of the site selection process for establishing the new manufacturing facility as approved by the board.

Regulatory Compliance and Market Movement

In its clarification, Waaree Energies addressed concerns about share price movements, stating that any price fluctuations are market-driven. The company explicitly confirmed that there is no Unpublished Price Sensitive Information pending disclosure to the stock exchanges.

The company reiterated its commitment to regulatory compliance, stating it has always adhered to the provisions of Regulation 30 of SEBI Listing Regulations and will continue to do so. Waaree Energies assured stakeholders that it will keep stock exchanges informed of any material developments in this matter in accordance with applicable regulations.

The clarification was signed by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited on February 19, 2026.

Waaree Energies has announced a significant business development with the receipt of a substantial order for solar modules from its Americas operations. The order demonstrates the company's expanding reach in international markets and strengthens its position in the global solar energy sector.

Order Details

The company has secured an order for 150MW solar modules from Waaree Solar Americas. This represents a substantial commitment from the Americas division and highlights the strong demand for Waaree Energies' solar module products in the North American market.

Market Expansion

This order reinforces Waaree Energies' strategic focus on expanding its international presence through its global network. The company's ability to secure large-scale orders from its regional operations demonstrates the effectiveness of its international business strategy and the quality of its solar module offerings.

The order from Waaree Solar Americas represents the company's continued growth in the Americas market, where demand for renewable energy solutions continues to expand. This development positions Waaree Energies to capitalize on the growing solar energy adoption in the region.