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 key senior management personnel change with the resignation of its Chief Marketing Officer, Nilesh Malani, effective December 10, 2025. The solar energy company disclosed this development under Regulation 30 of SEBI Listing Regulations on December 17, 2025.

Leadership Transition Details

The company has provided comprehensive details regarding the management change through its regulatory filing:

Professional Contribution and Achievements

During his tenure of nearly two years, Malani led the marketing efforts at Waaree Energies and played a crucial role in developing the new business of special modules. In his resignation letter addressed to Mr. Amit Paithankar, Whole-time Director and CEO, Malani highlighted his significant contributions to the company's growth.

Malani expressed gratitude for the opportunity to contribute to the company's growth and acknowledged the trust and support shown by the leadership team. He praised the dedication and talent of the entire Waaree team, describing it as "truly exceptional" and emphasizing the collaborative spirit fostered during his tenure.

Reason for Departure

The Chief Marketing Officer cited personal and professional reasons for his decision to resign. In his resignation letter, Malani stated that after careful consideration, he decided to transition to a new professional and personal chapter that aligns with his long-term aspirations and goals.

Regulatory Compliance

Waaree Energies filed the disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in its regulatory submission.

The company acknowledged a delay in reporting this change, describing it as unintentional and inadvertently missed due to an oversight. The information has been made available on the company's website at www.waaree.com for stakeholder reference.

Company Leadership Structure

The resignation was formally communicated by Rajesh Ghanshyam Gaur, Company Secretary and Compliance Officer, through the official regulatory filing. The company maintains its registered office at Western Edge-1, Western Express Highway, Borivali (E), Mumbai, and continues its operations in the solar energy sector under the leadership of the existing management team.