Waaree Renewable Technologies Limited (WRTL) has successfully secured shareholder approval for a significant amendment to its Employee Stock Option Plan 2022 (Waaree RTL ESOP 2022). The company conducted a postal ballot voting process from October 16 to November 14, resulting in an overwhelming endorsement of the proposed changes.

Voting Results

The special resolution to amend the ESOP 2022 received strong support from shareholders across all categories:

Key Highlights

• Total Participation: 76.74% of the company's outstanding shares participated in the voting process.
• Overwhelming Approval: 99.85% of the total valid votes cast were in favor of the amendment.
• Institutional Support: Despite some opposition, 90.52% of participating public institutional shareholders backed the resolution.
• Retail Confidence: 99.85% of votes from public non-institutional shareholders supported the amendment, indicating strong retail investor confidence.

Implications

The approved amendment to the Waaree RTL ESOP 2022 may have significant implications for the company's employee compensation structure and retention strategies. Employee stock option plans are often used as a tool to align employee interests with those of the company and its shareholders, potentially boosting motivation and long-term commitment.

Compliance and Transparency

WRTL conducted the voting process in compliance with the Companies Act, 2013, and SEBI regulations. The company appointed Shruti Somani, a practicing Company Secretary, as the scrutinizer to ensure a fair and transparent voting process.

The successful passage of this resolution demonstrates strong shareholder alignment with the company's employee incentive strategies, which could potentially contribute to WRTL's long-term growth and success in the renewable energy sector.

Waaree Renewable Technologies Limited (WAAREERTL), a subsidiary of Waaree Energies Limited, has announced a significant expansion in its ongoing solar power project. The company has secured an enhancement in the scope of work for its existing 980 MWp / 700 MWac solar power plant contract, increasing the project's total value to ₹1,017.82 crore.

Key Highlights

• Scope Expansion: Waaree Renewable Tech has received an additional order worth ₹27.22 crore.
• Project Details: The contract involves Engineering, Procurement, and Construction (EPC) work for a solar power plant.
• Total Project Value: Following the expansion, the aggregate order value has reached ₹1,017.82 crore (inclusive of taxes).

Project Specifications

Contract Details

The scope expansion is part of an existing contract for the execution of EPC work for a solar power plant. The company has stated that all other terms and conditions of the original contract remain unchanged. This development underscores Waaree Renewable Tech's growing presence in India's renewable energy sector.

Market Implications

This significant order expansion reflects the robust growth in India's solar energy market. For Waaree Renewable Tech, it represents an opportunity to strengthen its position in the renewable energy sector and potentially improve its financial performance in the coming quarters.

Disclosure and Compliance

The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was received by the company on November 10, 2025, at 03:30 p.m. (IST), highlighting the company's commitment to timely and transparent communication with its stakeholders.

As the renewable energy sector continues to expand in India, projects of this scale are likely to play a crucial role in the country's transition towards cleaner energy sources.