Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, has announced significant changes to its leadership team and set the date for its upcoming Annual General Meeting (AGM). The decisions were made during a board meeting held on August 26, 2025.

New Whole Time Directors

The company's board has approved the appointment of three new Whole Time Directors, each for a term of five years effective August 26, 2025:

1. Mr. Viren Doshi (DIN: 00207121): With over two decades of experience in the engineering industry, Mr. Doshi has been with the Waaree Group since its inception. He currently oversees the engineering, procurement, and construction of solar projects across the company and its subsidiaries.

2. Mr. Hitesh Mehta (DIN: 00207506): Bringing over three decades of experience in engineering, solar, and oil industries, Mr. Mehta combines strategic insight with financial expertise. He holds a Bachelor's degree in Commerce from the University of Bombay and is a member of the Institute of Chartered Accountants of India (ICAI).

3. Mr. Sunil Rathi (DIN: 08036090): Mr. Rathi holds a BE in Electronics and an MBA in Marketing from ITM, Mumbai. With over three decades of experience in sales and marketing, his career spans leadership roles with reputed companies.

It's worth noting that Mr. Viren Doshi is related to Mr. Pujan Doshi, the Managing Director of the company, while Mr. Hitesh Mehta and Mr. Sunil Rathi have no inter-se relationships with other Board members or Key Managerial Personnel.

Additional Appointments

The board also made two other significant appointments:

1. M/s Makarand M. Joshi & Co. has been appointed as the Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30, subject to shareholder approval at the upcoming AGM.

2. Mr. Kamlesh Harchandani has been appointed as CEO-Data Centre under the Senior Management Personnel (SMP) category, effective September 1, 2025. Mr. Harchandani brings over 29 years of diverse experience, including 16+ years specializing in Data Center design and development.

Annual General Meeting

Waaree Renewable Technologies has scheduled its 26th Annual General Meeting for September 23, 2025. The company has set the following important dates:

The company will be using the e-voting system provided by Central Depository Services Limited (CDSL) for both remote voting and voting during the AGM.

These strategic appointments and the upcoming AGM underscore Waaree Renewable Technologies' commitment to strengthening its leadership team and maintaining transparent communication with its shareholders as it continues to grow in the renewable energy sector.

Waaree Renewable Technologies Limited (WRTL) has announced an extension to the completion timeline for its acquisition of Smart Joules Private Limited. The company has executed definitive agreements for the acquisition, which involves both purchasing equity shares from existing shareholders and subscribing to compulsory convertible preference shares (CCPS).

Acquisition Details

WRTL has signed two key agreements:

1. Share Subscription Agreement (SSA)
2. Share Purchase Agreement (SPA)

These agreements formalize the company's intent to acquire Smart Joules Private Limited, a move that could potentially strengthen WRTL's position in the renewable energy sector.

Extended Timeline

Initially, the acquisition was scheduled to be completed by July 31, 2025. However, due to procedural requirements associated with the transfer and allotment of securities, the completion date has been pushed back to August 30, 2025. This month-long extension is expected to provide sufficient time to address all necessary formalities.

Additional Steps

Upon completion of the acquisition, WRTL will execute a Deed of Adherence (DoA). This document typically ensures that the new shareholder (in this case, WRTL) agrees to be bound by the terms of any existing shareholders' agreement.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about significant corporate actions.

WRTL, a subsidiary of Waaree Energies Limited, continues to make strategic moves in the renewable energy space. The acquisition of Smart Joules Private Limited, once completed, may potentially expand WRTL's capabilities and market presence in the sector.

Investors and stakeholders can find more information about this development on the company's website at www.waareertl.com .