Waaree Energies has achieved a significant milestone in its expansion strategy as its subsidiary Sangam Solar One Private Limited has officially commenced operations at a new solar module manufacturing facility in Gujarat. The company has formally notified stock exchanges about this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Official Commencement Details

The wholly-owned subsidiary has officially started operations at its manufacturing facility with specific timing and regulatory compliance.

Plant Specifications and Capacity

The new manufacturing facility has been designed with impressive specifications that position it as a major player in the solar module production landscape.

Strategic Infrastructure Design

The plant's infrastructure has been strategically planned with dual production lines, each contributing 750 MW to the total capacity. This configuration allows for enhanced production flexibility and efficiency, optimized manufacturing processes across two dedicated lines, and scalable operations to meet varying market demands. The facility represents robust manufacturing capability in the solar energy sector.

Regulatory Compliance and Transparency

Waaree Energies has maintained full transparency by promptly informing both BSE Limited and National Stock Exchange of India Limited about the commencement of operations. The information has also been made available on the company's official website at www.waaree.com , ensuring comprehensive stakeholder communication.

Market Impact and Significance

The official commencement of operations at this facility marks an important development in India's solar manufacturing ecosystem. The 1500 MW capacity addition through Sangam Solar One strengthens the overall production capabilities in the renewable energy sector. Gujarat continues to be a preferred destination for solar manufacturing investments, and this facility adds to the state's growing renewable energy infrastructure. The operational launch demonstrates Waaree Energies' commitment to expanding its manufacturing footprint through subsidiary operations, contributing to India's renewable energy goals and manufacturing capabilities.

Waaree Energies has officially incorporated Solaris Horizon Energy Private Limited as a wholly owned subsidiary on December 10, 2025, marking a strategic expansion into the Independent Power Producer (IPP) segment. The company received the Certificate of Incorporation and informed stock exchanges through regulatory filings under SEBI listing regulations.

Official Incorporation and Regulatory Compliance

The incorporation was completed through Waaree Forever Energies Private Limited (WFEPL), a wholly-owned subsidiary of Waaree Energies, which holds 100% share capital of the newly formed entity. The company has filed the requisite disclosures with BSE and NSE as per SEBI regulations.

Strategic Business Expansion

Solaris Horizon Energy has been incorporated specifically for facilitating and holding power projects under the IPP framework. This development represents Waaree Energies' move to diversify operations beyond solar panel manufacturing into power generation, enabling participation across the entire solar energy value chain.

Market Positioning and Future Operations

The newly incorporated entity is yet to commence business operations but positions Waaree Energies to capitalize on India's growing renewable energy sector from multiple angles. The company can now serve both as an equipment supplier to other developers and as a power generator through its subsidiary, potentially creating additional revenue streams and market opportunities.

This vertical integration strategy enables Waaree Energies to leverage its manufacturing expertise while expanding into the power generation business, offering comprehensive solar energy solutions from equipment manufacturing to actual power production and supply.