Waaree Energies has announced that one of its subsidiaries has launched three new fully-owned renewable energy companies. This strategic move represents an expansion of the group's renewable energy portfolio and demonstrates the company's continued focus on strengthening its position in the clean energy sector.

Corporate Structure Enhancement

The establishment of these three new entities marks a notable step in Waaree Energies' organizational growth strategy. By creating fully-owned subsidiary companies dedicated to renewable energy, the group is positioning itself to capitalize on emerging opportunities in the clean energy market while maintaining complete operational control over these new ventures.

Strategic Implications

This corporate restructuring initiative reflects the company's commitment to expanding its renewable energy capabilities through dedicated business units. The formation of multiple specialized entities allows for focused operations in different aspects of renewable energy development and implementation. Such structural changes may enable companies to pursue diverse projects simultaneously while maintaining operational efficiency across various renewable energy segments.

Market Positioning

The launch of these three new companies strengthens Waaree Energies' overall market presence in the renewable energy sector. By establishing fully-owned subsidiaries, the group maintains complete strategic and operational control while creating specialized entities that can focus on specific renewable energy initiatives and market opportunities.

Through this strategic corporate restructuring, Waaree Energies' subsidiary has expanded the group's presence in the clean energy sector, further solidifying its position as a key player in the renewable energy industry.

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

December 17, 2025 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.

Business Objectives and Strategic Purpose

All five 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' commitment to expanding its presence in the renewable energy sector.

Shareholding Structure

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

Regulatory Compliance

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. All five entities are incorporated in India and registered with the appropriate authorities, positioning them to support Waaree Energies' renewable energy project development initiatives.