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.

Waaree Energies Limited , a prominent player in the renewable energy sector, has announced two significant acquisitions aimed at strengthening its market position and expanding its product offerings.

Acquisition of Kotson's Private Limited

Waaree Energies has approved the acquisition of a 64% stake in Kotson's Private Limited (KPL) for ₹192.00 crore. This strategic move is set to bolster Waaree's transformer solutions business and enhance its capabilities in the electrical ecosystem.

Key details of the acquisition include:

• Consideration: ₹192.00 crore in cash
• Share Details: 2.56 crore shares at ₹75.00 per share (face value ₹10.00 per share)
• Completion Timeline: Expected by September 30, 2025, or as agreed by the parties

Kotson's Private Limited, incorporated on April 22, 1978, specializes in designing, manufacturing, and supplying advanced transformer solutions. The company offers a diverse range of products, including Oil Filled, Dry Type, Special Purpose, and Renewable Energy application transformers. KPL's current plant production capacity stands at 4,000 MVA.

Acquisition of Impactgrid Renewables

In a parallel move, Waaree Energies has also approved the acquisition of 100% shareholding in Impactgrid Renewables Private Limited. This entity, previously a step-down subsidiary, is being acquired from Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies.

Details of this acquisition include:

• Consideration: ₹1.00 lakh in cash
• Share Details: 10,000 shares at a face value of ₹10.00 per share
• Completion Timeline: Expected within FY 2025-26

Impactgrid Renewables is described as a newly incorporated, non-operational company in the renewable energy business.

Strategic Implications

These acquisitions align with Waaree Energies' growth strategy and are expected to yield several benefits:

1. Vertical Integration: The KPL acquisition will enable Waaree to integrate transformer solutions into its existing renewable energy portfolio.
2. Market Expansion: Access to KPL's established customer base and product line will help Waaree expand its market reach.
3. Supply Chain Control: The company aims to enhance control over its supply chain and improve product quality through these acquisitions.
4. Diversification: By acquiring Impactgrid Renewables, Waaree strengthens its position in the renewable energy sector.

The Board of Directors approved these acquisitions in a meeting held on September 2, 2025. The company has stated that the KPL acquisition is not a related party transaction, while Impactgrid Renewables was already a step-down subsidiary.

These strategic moves by Waaree Energies demonstrate the company's commitment to growth and its aim to solidify its position in both the transformer solutions and renewable energy markets.