Governance Neutral

2026-11-07 16:25

- Waaree Energies Limited has appointed GoIndia Advisors LLP as its Investor Relations Agency with effect from November 07, 2026. - The appointment aims to strengthen investor engagement and communications.

Governance Neutral

2026-11-07 16:22

- Waaree Energies Limited has appointed GoIndia Advisors LLP as its new Investor Relations Agency with immediate effect. - The appointment aims to strengthen investor engagement and communications. - The intimation is provided under Regulation 30 of SEBI (LODR) Regulations, 2015 as a matter of good corporate governance.

Business Update Positive

2026-11-04 16:11

Financial Performance & Order Book - Q2 FY27 revenue rose 23.9% YoY to ₹7,517.7 Cr with operating EBITDA of ₹1,335.2 Cr (17.8% margin) and PAT of ₹753.6 Cr. - H1 FY27 revenue grew 47.3% YoY to ₹15,449.5 Cr; company remains net debt-free with ₹3,224 Cr net cash. - Total order book stands at ₹59,200 Cr (25.6 GW), with geographical mix of 48.4% domestic India, 43.8% domestic US, and 7.8% exports. Capex & Capacity Expansion - Out of ~₹30,000 Cr capex program, 35% is deployed, 28% under execution, and 37% under planning; funded primarily through internal cash. - Existing module capacity is 25.8 GW (targeting 29 GW by FY28), with US module capacity scaling to 4.8 GW. - India cell capacity expanding from 5.4 GW to 15.4 GW with 10 GW coming online in H2 FY27 (5 GW in Q3, 5 GW in Q4). - Ingot & wafer facility (10 GW) at Nagpur scheduled to commence commercial production by September 2027. - BESS: Commissioning 5 GWh pack facility in Q3 FY27 and 3.5 GWh battery cell plant starting in Q4 FY27. US Strategy & Trade Policy Updates - Rationalized ~3 GW of US export orders from order book due to Section 232 MIP implementation without financial liability. - Local US manufacturing generates superior EBITDA (8-9 cents/watt peak vs 3-4 cents for exports) supported by IRA incentives. Retail & Growth Drivers - Retail business grew ~2x YoY in H1 FY27 to ₹5,753 Cr (37% of total revenue) via a network of 775+ exclusive retail centers. - Long-term revenue ambition targets ₹90,000-₹1,00,000 Cr over 4-5 years, with ~50% expected from non-solar module segments (BESS, Inverters, Transformers, EPC). Management Guidance & Outlook - Reaffirmed full-year FY27 operating EBITDA guidance of ₹7,000 Cr to ₹7,700 Cr, with H2 contributing 55%-60%.

Business Update Positive

2026-11-04 16:09

Management Guidance & Outlook - Reaffirmed FY27 operating EBITDA guidance of ₹7,000 to ₹7,700 Cr, with H2 expected to deliver 55-60% of full-year EBITDA. - Long-term revenue ambition of ₹90,000 to ₹1,00,000 Cr over the next 4-5 years, targeting ~50% revenue from non-module/adjacencies. Financial & Operational Highlights - Q2 FY27 Revenue at ₹7,517.7 Cr (▲23.9% YoY) with Operating EBITDA of ₹1,335.2 Cr (margin 17.8%) and PAT of ₹753.6 Cr. - Remains net debt-free with net cash standing at ₹3,224 Cr; Operating Cash Flow grew 5x YoY in H1 FY27. - Retail/franchisee business recorded ₹5,753 Cr in H1 FY27 (almost 2x YoY), accounting for 37% of H1 revenue. Order Book & US Market - Total order book stands at ~₹59,200 Cr (25.6 GW module volume). - Rationalized ~3 GW of export orders due to US Section 232 implementation without liability; US manufacturing ramping up to 4.8 GW to capture higher margins. Capex & Expansions - Total Capex program of ~₹30,000 Cr across horizontal and vertical integration (35% deployed, 28% under execution, 37% planning). - Adding 10 GW cell capacity in India in H2 FY27 to reach 15.4 GW; 10 GW ingot-wafer facility scheduled for commercial commissioning by September 2027. - Expanding into BESS (5 GWh pack and 3.5 GWh battery cells), inverters, and transformers.

Business Update Positive

2026-11-03 18:33

- Waaree Energies has been assigned an ESG Rating of 68.61, categorized as "Leader", by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. - The rating was unsolicited and based entirely on publicly available information without company participation.

Business Update Positive

2026-11-03 18:26

- Waaree Energies Limited has received an ESG rating of 68.61, categorized as "Leader", from Niche Ninety Nine Capability and Certifications (OPC) Private Limited. - The rating was assigned based on publicly available information without company engagement or participation. - The intimation was received by the company via email on November 03, 2026.

Routine Negative

2026-11-02 23:27

CRITICAL RED FLAG DETECTED

- Waaree Energies received a Final Administrative Decision dated October 29, 2026, from U.S. CBP's Office of Trade, Regulations and Rulings regarding EAPA Consolidated Case No. 8163. - The decision affirmed an affirmative determination of evasion on a limited subset of historical entries imported during 2024. - The company maintains that these entries were made before AD/CVD liability attached and plans to evaluate judicial review before the U.S. Court of International Trade. - The decision has no impact on current manufacturing operations, business continuity, or customer deliveries. - Potential financial exposure is already accounted for in the company's financial statements under Ind AS 37 and is not expected to have a material adverse impact.

Routine Negative

2026-11-02 23:25

CRITICAL RED FLAG DETECTED

- Waaree Energies received a Final Administrative Decision dated October 29, 2026, from U.S. CBP's Office of Trade, Regulations and Rulings in EAPA Consolidated Case No. 8163. - The review affirmed an evasion determination regarding a limited subset of historical entries from 2024 concerning solar cells from Vietnam. - The company maintains that these entries occurred before AD/CVD liability attached and plans to evaluate judicial review before the U.S. Court of International Trade. - Operations, manufacturing, and customer deliveries remain unaffected, with potential financial exposure already accounted for under Ind AS 37.

Business Update Positive

2026-10-31 20:12

- Waaree Energies Limited's board approved acquiring a 33.34% stake in Wictor Sealz Private Limited for ₹33,340. - The company will make a further cash investment of ₹5 crore post-acquisition. - The acquisition aims to strengthen the supply chain integration for solar module sealants and specialty chemicals.

Business Update Positive

2026-10-31 20:10

- Waaree Energies Ltd approved the acquisition of 33.34% equity share capital of Wictor Sealz Private Limited. - The acquisition involves 3,334 equity shares for a cash consideration of Rs. 33,340. - The company will make a further investment of Rs. 5 crore in Wictor Sealz post-acquisition. - The objective is to strengthen supply chain integration and reduce dependence on imported solar module sealants.

Business Update Positive

2026-10-31 20:06

- Waaree Energies Limited approved the acquisition of a 33.34% stake in Wictor Sealz Private Limited for ₹33,340. - The company will make a further investment of ₹5 crore post-acquisition. - The acquisition aims to strengthen supply chain integration and reduce dependence on imported solar module sealants.

Business Update Positive

2026-10-31 20:05

- Waaree Energies Ltd approved the acquisition of a 33.34% stake in Wictor Sealz Private Limited for ₹33,340. - The company will make a further investment of ₹5 crore post-acquisition. - The acquisition aims to strengthen supply chain integration, reduce dependence on imported solar module sealants, and enhance supply security. - Completion is expected within the Financial Year 2026-27.

Governance Neutral

2026-10-31 19:24

- Waaree Energies Limited approved the grant of 3,07,000 stock options to eligible employees under the ESOP 2021 plan. - The exercise price is set at ₹10 per option. - Vesting schedule spans across 6 years, with 15% vesting annually from year 1 to 4, and 20% vesting in years 5 and 6.

Governance Neutral

2026-10-31 19:18

- Waaree Energies Ltd. has approved the grant of 3,07,000 stock options to eligible employees under the Waaree Employee Stock Option Plan 2021 (ESOP 2021). - The exercise price is set at ₹10 per option, covering 3,07,000 equity shares of face value ₹10 each. - Vesting is spread over 6 years (15% annually for the first 4 years, and 20% annually for the 5th and 6th years).

Business Update Positive

2026-10-30 20:34

- Waaree Energies Limited has completed the acquisition of 100% equity stake in Waaree Green Data Centers Private Limited (WGDCPL) along with its two wholly-owned subsidiaries. - Total consideration for the acquisition is INR 1 lakh. - WGDCPL has become a wholly-owned subsidiary of the Company effective October 30, 2026.

Business Update Positive

2026-10-30 20:33

- Waaree Energies Limited has completed the acquisition of a 100% equity stake in Waaree Green Data Centers Private Limited (WGDCPL) along with its two wholly-owned subsidiaries. - The total consideration for the acquisition is INR 1 lakh. - WGDCPL has become a wholly-owned subsidiary of the company effective October 30, 2026.

Business Update Positive

2026-10-30 15:35

- Waaree Solar Americas Inc., a wholly-owned subsidiary of Waaree Energies Limited, has commenced commercial production from its new manufacturing lines at Brookshire, Texas, USA on October 29, 2026. - The facility added 2 solar module manufacturing lines of 800 MW capacity each, aggregating to 1.6 GW. - With this addition, the total aggregate annual installed capacity of the Brookshire facility has increased to 3.2 GW.

Business Update Positive

2026-10-30 15:34

- Waaree Solar Americas Inc., a wholly-owned subsidiary, commenced commercial production from 2 new solar module manufacturing lines of 800 MW each (aggregating 1.6 GW) in Brookshire, Texas, USA on October 29, 2026. - With this addition, the total aggregate annual installed capacity of the Brookshire facility has increased to 3.2 GW.

Routine Negative

2026-10-30 00:36

CRITICAL RED FLAG DETECTED

- Gujarat Pollution Control Board (GPCB) issued a closure direction on January 28, 2026, for Waaree Energies' solar cell manufacturing facility at Navsari, Gujarat. - The company paid ₹9,00,000 as interim environmental compensation and furnished ₹8,00,000 in bank guarantees. - GPCB revoked the closure direction on February 11, 2026, and later extended the revocation until December 2026.

Routine Negative

2026-10-30 00:15

CRITICAL RED FLAG DETECTED

- Gujarat Pollution Control Board (GPCB) issued a closure direction on January 28, 2026, for the solar cell manufacturing facility in Degam, Gujarat due to water act non-compliances. - The company paid interim Environmental Damage Compensation of ₹9,00,000 and furnished bank guarantees of ₹8,00,000. - GPCB revoked the closure direction on February 11, 2026, and later extended the revocation until December 2026, meaning operations were never actually halted.

Business Update Neutral

2026-10-28 19:37

- Audio recording of the Analysts/Institutional Investors Call held on October 28, 2026, is available on the company website. - The call covered discussion on the Unaudited Financial Results for the quarter and half-year ended September 30, 2026.

Business Update Neutral

2026-10-28 19:30

- Waaree Energies has made available the audio recording of its Earnings Call held on October 28, 2026. - The call covered the Unaudited Financial Results (Standalone and Consolidated) for Q2 ended September 30, 2026. - The recording is accessible on the company's official investor relations website.

Business Update Positive

2026-10-28 00:31

Waaree Energies Limited reported Q2 FY27 consolidated revenue of ₹7,518 Cr (up 24% YoY) with an operating EBITDA of ₹1,335 Cr (17.8% margin) and PAT of ₹754 Cr. - The company's total order book stood robust at approximately ₹59,200 Cr as of October 26, 2026. - Module capacity reached 26 GW, and cell capacity reached 5.4 GW, backed by strong retail and export growth.

Financials Positive

2026-10-28 00:27

Waaree Energies Ltd Q2 FY27 Consolidated Revenue ₹7,518Cr vs ₹6,063Cr (▲24% YoY) EBITDA ₹1,335Cr vs ₹820Cr (▲63% YoY) PAT ₹754Cr vs ₹362Cr (▲108% YoY) EBITDA Margin 17.8% vs 13.5% (▲430bps)

Ownership Neutral

2026-10-27 21:41

- Waaree Energies reported a violation of SEBI (PIT) Regulations, 2015 by a Designated Person, Mr. Mithil Gandhi (General Manager - Sales). - The violation involved executing a contra trade (purchasing shares within six months of a sale) and failing to obtain prior pre-clearance from the Compliance Officer. - The company issued a written warning letter to the individual. - The individual was directed to disgorge profits amounting to ₹4,33,566, which has been deposited into the SEBI Investor Protection and Education Fund (IPEF).

Ownership Neutral

2026-10-27 21:40

- Waaree Energies reported a violation of the SEBI (PIT) Regulations, 2015 by a designated person (Mithil Gandhi, General Manager - Sales). - The designated person executed a contra trade by purchasing shares within six months of a previous sale without pre-clearance. - The company issued a warning letter and directed the individual to disgorge profits amounting to ₹4,33,566 to SEBI's IPEF.

Financials Neutral

2026-10-27 21:34

Q2 FY27 Consolidated Revenue ₹7,517.7 Cr vs ₹6,065.6 Cr (▲23.9% YoY) EBITDA ₹1,335.2 Cr vs ₹1,406.4 Cr (▼5.1% YoY) PAT ₹753.6 Cr vs ₹878.2 Cr (▼14.2% YoY) EBITDA Margin 17.8% vs 23.2% (▼540bps YoY)

Financials Neutral

2026-10-27 21:33

Q2 FY27 Consolidated Revenue ₹7,517.7Cr vs ₹6,065.6Cr (▲23.9% YoY) EBITDA ₹1,335.2Cr vs ₹1,406.4Cr (▼5.1% YoY) PAT ₹753.6Cr vs ₹878.2Cr (▼14.2% YoY) EBITDA Margin 17.8% vs 23.2% (▼540bps)

Governance Neutral

2026-10-27 21:27

- Waaree Energies Limited has announced the grant of 5,800 stock options to an eligible employee under the Waaree Employee Stock Option Plan 2021 (ESOP 2021). - The exercise price is set at ₹10 per option, covering an equal number of equity shares of face value ₹10 each. - Options vest over a period of 6 years (15% annually for the first 4 years and 20% annually for the 5th and 6th years).

Governance Neutral

2026-10-27 21:25

- Nomination and Remuneration Committee approved the grant of 5,800 stock options to eligible employees under the Waaree Employee Stock Option Plan 2021. - Exercise price is set at ₹10 per option covering 5,800 equity shares of face value ₹10 each. - Vesting schedule spans across 6 years with phased percentages ranging from 15% to 20% annually.

Financials Neutral

2026-10-27 20:28

Q2 FY27 Consolidated Revenue ₹7,518Cr vs ₹6,066Cr (▲24% YoY) EBITDA ₹1,335Cr vs ₹1,406Cr (▼5% YoY) PAT ₹754Cr vs ₹878Cr (▼14% YoY) EBITDA Margin 18% vs 23% (▼500bps)

Financials Neutral

2026-10-27 20:26

Q2 FY27 Consolidated Revenue ₹7,518Cr vs ₹6,066Cr (▲24% YoY) EBITDA ₹1,335Cr vs ₹1,406Cr (▼5% YoY) PAT ₹754Cr vs ₹878Cr (▼14% YoY) EBITDA Margin 17.8% vs 23.2% (▼543bps)

Financials Negative

2026-10-27 20:18

CRITICAL RED FLAG DETECTED

Q2 FY27 Consolidated Revenue ₹7,517.74Cr vs ₹6,065.64Cr (▲24% YoY) EBITDA ₹1,335.20Cr vs ₹1,406.40Cr (▼5% YoY) PAT ₹753.64Cr vs ₹878.21Cr (▼14% YoY) EBITDA Margin 18% vs 23% (▼543bps)

Financials Negative

2026-10-27 20:12

CRITICAL RED FLAG DETECTED

Q2 FY27 Consolidated Revenue ₹7,517.74Cr vs ₹6,065.64Cr (▲24% YoY) EBITDA ₹1,335.20Cr vs ₹1,406.40Cr (▼5% YoY) PAT ₹753.64Cr vs ₹878.21Cr (▼14% YoY) EBITDA Margin 17.76% vs 23.19% (▼543bps)

Financials Negative

2026-10-27 20:10

CRITICAL RED FLAG DETECTED

Q2 FY27 Consolidated Revenue ₹7,517.74Cr vs ₹6,065.64Cr (▲24% YoY) EBITDA ₹1,335.20Cr vs ₹1,406.40Cr (▼5% YoY) PAT ₹753.64Cr vs ₹878.21Cr (▼14% YoY) EBITDA Margin 17.76% vs 23.19% (▼543bps)

Business Update Neutral

2026-10-23 18:24

Concall Schedule Concall Date: October 28, 2026 Concall Time: 02:00 PM IST

Business Update Neutral

2026-10-23 18:20

Concall Schedule Concall Date: Wednesday, October 28, 2026 Concall Time: 02:00 PM IST Purpose: To discuss unaudited financial results for the quarter and half year ended September 30, 2026

Governance Neutral

2026-10-22 10:55

- Board meeting scheduled on Tuesday, October 27, 2026. - To consider and approve Unaudited Standalone and Consolidated Financial Results for Q2 and H1 ended September 30, 2026. - Trading window remains closed until 48 hours after the declaration of results.

Business Update Positive

2026-09-30 20:02

- Waaree Power Private Limited, a wholly owned subsidiary of Waaree Energies Limited, commenced commercial production of its new solar inverter manufacturing line on September 30, 2026. - Location: Sarodhi, Valsad, Gujarat. - New line capacity: 1.10 GW per annum. - Total aggregate annual installed capacity of solar inverter manufacturing increased from 3.05 GW to 4.15 GW.

Business Update Positive

2026-09-30 19:50

- Waaree Power Private Limited, a wholly owned subsidiary, commenced commercial production of its new solar inverter manufacturing line on September 30, 2026. - The new facility is located at Sarodhi, Valsad, Gujarat, with an annual installed capacity of 1.10 GW. - With this addition, the total aggregate annual installed capacity of solar inverter manufacturing has increased from 3.05 GW to 4.15 GW.

Routine Neutral

2026-09-28 14:51

- Trading window for dealing in company securities will close from Thursday, October 01, 2026. - Closure remains effective until 48 hours after the declaration of Unaudited Financial Results for the quarter and half-year ended September 30, 2026.

Routine Neutral

2026-09-28 14:47

- Trading window for dealing in securities of Waaree Energies Ltd closed from October 01, 2026. - Closure remains until 48 hours after declaration of Q2/H1 FY27 unaudited financial results. - Applicable to Directors, KMPs, Designated Persons, and immediate relatives.

Governance Neutral

2026-09-24 18:03

- Waaree Energies Limited held its 36th Annual General Meeting (AGM) on September 24, 2026, through Video Conferencing. - All ordinary and special resolutions relating to the adoption of financial accounts, dividend declaration, re-appointment of directors, and appointment of independent directors were transacted successfully.

Business Update Positive

2026-09-24 16:01

Waaree Clean Energy Solutions (WCES), a wholly-owned subsidiary of Waaree Energies Limited, has entered India's specialty gases market to supply semiconductor and solar cell manufacturers. - WCES is building a specialty gases plant at GIDC Saykha, Dahej, Gujarat, to provide domestic supply and replace imports. - The product portfolio includes UHP Ammonia purification, Phosphine/Hydrogen mixing, UHP Oxygen, UHP Hydrogen, and custom gas and chemical supply systems.

Business Update Positive

2026-09-24 15:50

Waaree Energies' board approved the draft Scheme of Amalgamation of Indosolar Limited with Waaree Energies Limited and their respective shareholders. - Share Exchange Ratio: 1 equity share of ₹10 each fully paid up of Waaree Energies for every 11 equity shares of ₹10 each fully paid up of Indosolar Limited. - Rationale includes simplifying group structure, creating a backward-integrated undertaking, eliminating related-party transactions, and enhancing shareholder value. - The transaction is subject to statutory and regulatory approvals including NCLT, BSE, and NSE.

Business Update Positive

2026-09-23 20:18

- Waaree Energies Ltd. Board approved the Scheme of Amalgamation of Indosolar Limited (Transferor Company) with Waaree Energies Limited (Transferee Company) on September 23, 2026. - Rationale: Simplification of group structure, creation of a backward-integrated entity, operational synergies, enhanced liquidity for shareholders, and reduced compliance. - Share Exchange Ratio: 1 equity share of Waaree Energies (INR 10 paid up) for every 11 equity shares of Indosolar Limited (INR 10 paid up). - The scheme is subject to various statutory, regulatory, and customary approvals.

Business Update Positive

2026-09-23 20:11

- The Board of Directors of Waaree Energies Limited approved the draft Scheme of Amalgamation of Indosolar Limited (Transferor Company) with Waaree Energies Limited (Transferee Company) on September 23, 2026. - The scheme aims to simplify the group structure, achieve operational synergies, enhance liquidity for public shareholders, and reduce compliance layers. - The share exchange ratio is 1 equity share of Waaree Energies Limited for every 11 equity shares of Indosolar Limited.

Business Update Neutral

2026-09-22 18:41

- Concall Schedule - Concall Date: September 28, 2026 - Concall Time: 10:00 a.m. to 11:00 a.m.

Business Update Neutral

2026-09-22 18:39

- Concall Schedule - Concall Date: September 28, 2026 - Concall Time: 10:00 a.m. to 11:00 a.m.

Business Update Positive

2026-09-21 19:19

- Order Win: Waaree Energies Limited won an order from a renowned customer, a leading solar developer. - Order Quantity: 2 GW solar modules. - Completion Timeline: Financial Year 2026-27 & 2027-28.

Business Update Positive

2026-09-21 19:12

- Order Win: Waaree Energies Limited won an order from a renowned domestic solar developer. - Order Details: Supply of 2 GW solar modules. - Completion Timeline: Financial Year 2026-27 and 2027-28.

Business Update Neutral

2026-09-16 16:44

- Concall Schedule - Concall Date: September 21, 2026 - Concall Time: 09:00 a.m. to 02:00 p.m.

Business Update Neutral

2026-09-16 16:41

- Investor/Analyst Meet Schedule - Date: September 21, 2026 - Time: 09:00 a.m. to 02:00 p.m. - Event: Anand Rathi Annual Flagship Conference G-200 Summit 2026 - Mode: In Person

Ownership Neutral

2026-09-03 10:30

- C.T. Doshi Family Trust, a Waaree Energies Limited promoter, acquired 44.14% direct and 18.34% indirect equity shares via gift from Mr. Chimanlal Tribhuvandas Doshi on August 06, 2026. - The Trust's total stake post-transaction is 62.49%. This inter-se transfer, for succession, is SEBI-exempt from open offer.

Governance Neutral

2026-09-02 22:30

- Waaree Energies Limited announced its 36th Annual General Meeting (AGM) for FY 2025-26, scheduled for September 24, 2026, at 11:00 A.M. (IST) via VC/OAVM. - A weblink for the Integrated Annual Report for FY 2025-26 was also provided.

Governance Neutral

2026-09-02 22:29

- Waaree Energies Limited will hold its 36th Annual General Meeting (AGM) on Thursday, September 24, 2026, at 11:00 A.M. (IST) via Video Conferencing/OAVM. - The Annual Report for FY 2025-26 is available online.

Business Update Positive

2026-09-02 22:24

- Waaree Energies Limited submitted its Business Responsibility and Sustainability Report for the Financial Year 2025-26. - The company achieved its highest-ever annual module production of 12 GW. - Revenue for FY 2025-26 was ₹20,990.51 Crores, reflecting a 64.44% year-on-year growth. - Exports contributed ₹5,503.25 Crores (26.22%) to the total turnover.

Governance Positive

2026-08-29 14:44

- Board approved consolidation of facilities and US$37M capex to increase Arizona capacity to 1.6 GW (total US 4.8 GW). - Ms. Mona Bhide appointed as Independent Director; Ms. Richa Goyal's term completed. - 36th AGM on Sep 24, 2026. Record date for FY25-26 Final Dividend is Sep 11, 2026.

Business Update Positive

2026-08-29 14:44

- Board approved US$37M capex to increase US solar manufacturing capacity (Arizona from 1 GW to 1.6 GW, total US 4.8 GW). - Consolidation of Tumb & Nandigram facilities to Chikhli, Gujarat, by Dec 31, 2026, for operational efficiency. - Ms. Mona Bhide appointed as Independent Director; Ms. Richa Goyal ceased upon term completion. - 36th AGM on Sep 24, 2026; Sep 11, 2026, is record date for FY25-26 Final Dividend.

Business Update Positive

2026-08-29 14:33

- Board approved consolidating manufacturing facilities from Tumb (1.0 GW) and Nandigram (1.11 GW) to Chikhli, Gujarat for operational efficiency. - Approved US$ 37 million capex for Waaree Solar Americas Inc. to revamp its Arizona facility, increasing its capacity from 1 GW to 1.6 GW. - Total US manufacturing capacity will rise to 4.8 GW (3.2 GW at Texas and 1.6 GW at Arizona), funded by debt and internal accruals. - Ms. Mona Bhide appointed as an Additional Non-Executive Independent Director for a five-year term. - Ms. Richa Goyal ceased to be an Independent Director upon completing her first five-year term. - The 36th Annual General Meeting (AGM) is scheduled for September 24, 2026. - September 11, 2026, has been set as the Record Date for the Final Dividend for FY2025-26.

Business Update Positive

2026-08-29 14:33

- Board approved consolidation of manufacturing facilities from Tumb (1.0 GW) and Nandigram (1.11 GW) to Chikhli, Gujarat, for operational efficiency. - US$ 37 million Capital Expenditure by Waaree Solar Americas Inc. to revamp its Arizona manufacturing facility, increasing capacity from 1 GW to 1.6 GW, raising total US capacity to 4.8 GW. - Ms. Mona Bhide appointed as an Additional Non-Executive Independent Director; Ms. Richa Goyal ceased to be an Independent Director upon completion of her first term. - 36th Annual General Meeting (AGM) scheduled for September 24, 2026. September 11, 2026, set as Record Date for Final Dividend for FY 2025-26.

Business Update Positive

2026-08-29 14:29

CRITICAL RED FLAG DETECTED

- Approved consolidation of Tumb (1.0 GW) and Nandigram (1.11 GW) manufacturing facilities to Chikhli, Gujarat, for operational efficiency. The affected units represent ~14.00% of standalone turnover, with closure by December 31, 2026. - Sanctioned Capital Expenditure of approximately US$37 million by Waaree Solar Americas Inc. to revamp its Arizona manufacturing facility, increasing capacity from 1 GW to 1.6 GW. This will bring the Company's aggregate US manufacturing capacity to 4.8 GW. - Ms. Mona Bhide appointed as an Additional Non-Executive Independent Director for a first term of 5 years, effective August 30, 2026. - Ms. Richa Goyal ceased to be an Independent Director on August 29, 2026, upon completion of her 5-year term. - The 36th Annual General Meeting (AGM) will be held on September 24, 2026. - The Record Date for the Final Dividend for the Financial Year 2025-26 is September 11, 2026.

Business Update Positive

2026-08-29 14:28

- Consolidation of Tumb (1.0 GW) and Nandigram (1.11 GW) manufacturing facilities to Chikhli, Gujarat for operational efficiency. - US$ 37 million Capital Expenditure by Waaree Solar Americas Inc. to revamp its Arizona facility, increasing capacity from 1 GW to 1.6 GW. - Aggregate US manufacturing capacity will reach 4.8 GW (3.2 GW at Texas, 1.6 GW at Arizona), funded by debt and internal accruals. - Ms. Mona Bhide appointed as an Additional Non-Executive Independent Director for a 5-year term effective August 30, 2026. - Ms. Richa Goyal ceased to be an Independent Director upon completion of her 5-year term, effective August 29, 2026. - The 36th Annual General Meeting (AGM) is scheduled for September 24, 2026. - The Record Date for the Final Dividend for FY2025-26 is September 11, 2026.

Governance Positive

2026-08-29 14:23

- Board approved manufacturing facility consolidation and US$37M capex to expand US capacity to 4.8 GW. - Ms. Mona Bhide appointed Independent Director; Ms. Richa Goyal's term ended. - AGM on Sept 24, 2026. Record Date for FY26 Final Dividend: Sept 11, 2026.

Governance Positive

2026-08-29 14:23

- Board approved consolidation of Tumb (1.0 GW) and Nandigram (1.11 GW) manufacturing facilities to Chikhli, Gujarat. - US$37 million CAPEX approved for Waaree Solar Americas Inc. to revamp Arizona facility, increasing capacity from 1 GW to 1.6 GW, aggregate US capacity to 4.8 GW. - Ms. Mona Bhide appointed as Additional Non-Executive Independent Director for 5 years from August 30, 2026. - Ms. Richa Goyal ceased to be an Independent Director on August 29, 2026, upon completion of her term. - 36th Annual General Meeting (AGM) to be held on September 24, 2026. - Record Date for Final Dividend for FY2025-26 is September 11, 2026.

Governance Positive

2026-08-29 14:20

- Board approved manufacturing consolidation for efficiency and US$ 37M capex to expand US capacity to 4.8 GW. - Ms. Mona Bhide appointed as Independent Director; Ms. Richa Goyal ceased due to term completion. - 36th AGM on Sept 24, 2026; Sept 11, 2026 is Record Date for FY25-26 Final Dividend.

Business Update Positive

2026-08-29 14:18

- The Board approved consolidation of Tumb (1.0 GW) and Nandigram (1.11 GW) manufacturing facilities into its Chikhli, Gujarat facility for operational efficiency.- Approved US$37 million Capex for Waaree Solar Americas Inc. to revamp its Arizona facility, increasing capacity from 1 GW to 1.6 GW, bringing total US capacity to 4.8 GW.- Ms. Mona Bhide appointed as an Additional Non-Executive Independent Director, while Ms. Richa Goyal ceased to be an Independent Director upon completing her term.- The 36th Annual General Meeting will be held on September 24, 2026, with September 11, 2026, set as the record date for the FY25-26 Final Dividend.

Business Update Positive

2026-08-28 14:32

- Order Win: Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies Limited, received a Letter of Award from Solar Energy Corporation of India Limited (SECI). - Project Details: For the development of a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project in Solapur, Maharashtra. - Power Purchase Agreement: Valid for 25 years from the scheduled Commencement of Supply Date.

Business Update Positive

2026-08-28 14:31

- Order Win: Waaree Energies Limited's wholly-owned subsidiary, Waaree Forever Energies Private Limited, received a Letter of Award from Solar Energy Corporation of India Limited (SECI). - Project Scope: Development of a 700 MW Solar and 700 MW/2800 MWh Energy Storage Solution (ESS) Renewable Energy Power Project in Solapur, Maharashtra. - Power Purchase Agreement: Valid for 25 years from the scheduled Commencement of Supply Date.

Business Update Negative

2026-08-28 14:28

CRITICAL RED FLAG DETECTED

- Directorate of Revenue Intelligence (DRI) conducted a search at Waaree Energies Ltd's wholly-owned subsidiary, Sangam Solar One Private Limited, on August 27, 2026. - The search pertained to the classification of imported stainless-steel pipes/tubes and Anti-Dumping Duty (ADD) applicability. - The company has already paid ₹2,33,82,930/- for the ADD amount plus interest, stating no further financial impact.

Business Update Negative

2026-08-28 14:26

CRITICAL RED FLAG DETECTED

- Waaree Energies reported a DRI search at its subsidiary's plant (Aug 27, 2026) regarding imported steel pipes and Anti-Dumping Duty. - Company paid ₹2.33 Cr ADD with interest, stating no further payments or material financial/operational impact.

Business Update Neutral

2026-08-24 19:49

- Concall Schedule - Concall Date: August 27, 2026 - Concall Time: 10:00 a.m. to 5:00 p.m. - Meeting with: DAM Capital Renewable Energy (In Person, Group/One on One)

Business Update Neutral

2026-08-24 19:47

- Investor/Analyst Meeting Schedule - Meeting Date: August 27, 2026 - Meeting Time: 10:00 a.m. to 05:00 p.m.

Business Update Positive

2026-08-20 18:38

- Waaree Energies Limited officials will hold a physical meeting with a group of investors and analysts. - The meeting is scheduled for Tuesday, August 25, 2026, at the company's manufacturing facilities in Gujarat. - Discussions will be based solely on publicly available information.

Business Update Neutral

2026-08-20 18:34

- Waaree Energies Limited will hold a physical meeting with a group of analysts/institutional investors. - The meeting is scheduled for Tuesday, August 25, 2026, at its manufacturing facilities in Gujarat. - Discussions will be based solely on publicly available information.

Business Update Positive

2026-08-13 19:29

- Waaree Energies Limited's subsidiary, Waaree Power Private Limited (WPPL), along with Waaree Semicon Private Limited, has entered into a Joint Venture Agreement with SmartenGrand Ltd (SGL). - The JV aims to manufacture and supply semiconductor products, including power application diodes, and establish a semiconductor fabrication unit in India (Gujarat). - WPPL will hold 86.83% and SGL 13.17% shareholding in Waaree Semicon Private Limited. - The JV is expected to leverage SGL's technology and Waaree's infrastructure to offer competitive products and expand market presence.

Business Update Positive

2026-08-13 19:22

- Waaree Energies Limited, through its subsidiary Waaree Power Private Limited (WPPL) and Waaree Semicon Private Limited, has entered into a Joint Venture Agreement with SmartenGrand Ltd (SGL). - The JV will engage in manufacturing and supplying semiconductor products and set up a semiconductor fabrication unit in Gujarat, India. - WPPL will hold 86.83% and SGL will hold 13.17% in Waaree Semicon Private Limited. - The JV is expected to offer improved and competitive products by leveraging SGL's technology and Waaree's infrastructure.

Business Update Positive

2026-08-12 20:44

- Waaree Energies' subsidiary WFEPL and its subsidiary SHEPL entered an Energy Supply Agreement (ESA) and Share Subscription and Shareholders' Agreement (SSHA) with Ultratech Cement Limited (UCL). - UCL will subscribe to 26% of SHEPL's equity for ₹27.75 Cr, for electricity supply/offtake from SHEPL's project. - Expected completion within 180 days.

Business Update Positive

2026-08-12 20:40

- Waaree Energies' subsidiaries WFEPL and SHEPL signed an Energy Supply and Share Subscription Agreement with Ultratech Cement Limited (UCL). - UCL will acquire a 26% equity stake in SHEPL for ₹27.75 crore and will be involved in electricity supply/offtake from SHEPL's project.

Routine Neutral

2026-08-07 19:32

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Routine Neutral

2026-08-07 19:11

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Routine Neutral

2026-08-07 19:07

New Filing detected. See link for details.

Business Update Positive

2026-08-06 18:51

- Waaree Energies' wholly-owned subsidiary, Waaree Clean Energy Solutions Private Limited, incorporated a new step-down subsidiary, WH Clean Mobility Systems Private Limited, on August 04, 2026. - The new subsidiary will focus on providing Mobility Solutions using clean fuels/batteries in the Hydrogen Business.

Business Update Neutral

2026-08-06 18:35

- Concall Schedule - Waaree Energies Limited will interact with Analysts/Investors as per the following schedule: - August 11th & 13th, 2026, from 12:30 p.m. to 01:30 p.m. (Virtual, Group/One on One) for Citi's 2026 India Industrials Access Day. - August 12th, 2026, from 09:00 a.m. to 02:00 p.m. (In Person, Group/One on One) for EMKAY Confluence - Investor Conference 2026.

Business Update Neutral

2026-08-06 18:35

- Concall Schedule - Waaree Energies officials to meet analysts/investors. - Dates & Events: - August 11th & 13th, 2026: Citi's 2026 India Industrials Access Day (Virtual, 12:30 p.m. - 01:30 p.m.) - August 12th, 2026: EMKAY Confluence - Investor Conference 2026 (In Person, 09:00 a.m. - 02:00 p.m.) - Discussions limited to publicly available information.

Business Update Positive

2026-08-06 17:33

- Q1 FY27 Revenue from operations: ₹7,932 Cr (▲79.2% YoY) - Operating EBITDA: ₹1,440 Cr (▲44.4% YoY), with EBITDA Margin at 18.2% (▼430bps YoY from 22.5%) - PAT: ₹892 Cr (▲15.4% YoY), with PAT Margin at 11% (▼650bps YoY from 17.5%) - Record Order Book: ₹61,500 Cr, up from ₹50,000 Cr a quarter ago, with ₹16,000 Cr in new orders in Q1. - FY27 Operating EBITDA guidance reaffirmed at ₹7,000-7,700 Cr; retail business expected to reach ₹9,000-10,000 Cr. - Capacity expansion includes 3 GW module, 5.15 GWH BESS container production, 17.6 MVA inverter transformer, and acquisition of 55% stake in Associated Power Structures. - Cell-to-module integration ratio expected to rise from ~20% to ~65% in 2-3 quarters, leading to margin expansion (module plus cell integrated supply margin profile 35-41%).

Business Update Positive

2026-08-04 19:08

- Waaree Energies Limited's wholly-owned subsidiary, Waaree Clean Energy Solutions Private Limited, has incorporated a new wholly-owned step-down subsidiary, WH Clean Fuels Private Limited, on August 03, 2026. - The new subsidiary is established for the Hydrogen Business, specifically focusing on Green Hydrogen and Green Ammonia projects.

Business Update Positive

2026-08-01 17:45

- Order Win: Waaree Energies Limited received an order from a renowned renewable energy solutions provider. - Order Details: Supply of 739.71 MW solar modules. - Completion Timeline: To be supplied in FY 2026-27 and FY 2027-28.

Business Update Neutral

2026-07-30 17:36

- Audio recording of the Analysts/Institutional Investors Meeting/Call held on July 30, 2026, is now available. This call discussed the unaudited financial results (Standalone and Consolidated) for the Quarter ended June 30, 2026. The recording is accessible on the Company's website.

Ownership Negative

2026-07-29 21:52

CRITICAL RED FLAG DETECTED

- Waaree Energies Limited reported a violation of its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 by Designated Person Ankit Ozarker. - On July 8, 2026, 149 pledged equity shares (~₹4.21 lacs) of Mr. Ozarker were invoked by a financial institution during the trading window closure due to a margin shortfall. - The company issued a written warning to Mr. Ozarker for not maintaining adequate margin and ensuring compliance.

Business Update Positive

2026-07-29 20:56

- Waaree Energies Limited successfully commissioned 118.8 MW (out of 170 MW total) of Unit 3 of its Solar Power Facility in Neemuch Solar Park, Madhya Pradesh on July 28, 2026.

Financials Positive

2026-07-29 19:02

- Consolidated Revenue ₹7,931.79 Cr vs ₹4,425.83 Cr (▲79.22% YoY) - Operating EBITDA ₹1,439.92 Cr vs ₹997.32 Cr (▲44.38% YoY) - PAT ₹891.87 Cr vs ₹772.89 Cr (▲15.39% YoY) - Operating EBITDA Margin 18.15% vs 22.53% (▼438bps) - FY27 Operating EBITDA guidance reaffirmed at ₹7,000–7,700 crore. - Company added new orders worth ~₹16,000 Crores, taking total order book to ~₹61,500 Crores.

Financials Negative

2026-07-29 17:35

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹7,931.79 Cr vs ₹4,425.83 Cr (▲79.22% YoY) - EBITDA ₹1,439.92 Cr vs ₹997.32 Cr (▲44.38% YoY) - PAT ₹891.87 Cr vs ₹772.89 Cr (▲15.39% YoY) - EBITDA Margin 18.15% vs 22.53% (▼438 bps) - Company is under investigation by U.S. Customs and Border Protection regarding exports to the USA and has received a notice of determination of evasion, resulting in a ₹294.78 Cr provision during FY 2025-26. - Income Tax authorities conducted an investigation at company offices in November 2025. - Arbitration proceedings initiated against the company by a seller over alleged breaches of a Share Purchase Agreement.

Business Update Neutral

2026-07-27 20:19

- Concall Schedule - Concall Date: Thursday, July 30, 2026 - Concall Time: 11:00 AM IST - To discuss Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY27).

Business Update Positive

2026-07-22 19:44

- Order Win: Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies Limited, won an order. - Client Name: Renowned customer that owns and manages utility-scale renewable power projects. - Order Value: Supply of 125 MW high-efficiency HJT solar modules. - Completion Timeline: Supply in Financial Year 2026-27.

Ownership Neutral

2026-07-17 19:27

- C.T. Doshi Family Trust, a promoter group entity of Waaree Energies Limited, acquired 12,69,82,903 equity shares (44.14% of total equity capital) by way of gift from Mr. Chimanlal Tribhuvandas Doshi. - The inter-se transfer within the promoter group is for succession planning and is exempt from open offer obligations as per SEBI Exemption Order dated July 03, 2026. - Date of acquisition: July 16, 2026.

Business Update Positive

2026-07-17 14:32

- Order Win: Waaree Energies Limited received an order from a renowned customer for solar modules. - Order Capacity: 212 MW solar modules. - Total Capacity: This order is incremental to an existing 350 MW order, increasing the total order capacity from this customer to 562 MW. - Completion Timeline: Supply in Financial Year 2026-27.

Business Update Positive

2026-07-16 14:44

- Waaree ESS commenced a 5.15 GWh advanced automated BESS Container Manufacturing Facility (uprated from 3.5 GWh). - This is the first step in a 20 GWh manufacturing roadmap, including 5.15 GWh Battery Pack and 3.5 GWh Lithium Cell units this FY. - The initiative supports India's clean energy and 'Make in India' goals.

Business Update Positive

2026-06-30 08:00

- Order Win: Waaree Solar Americas Inc, a wholly-owned subsidiary of Waaree Energies Limited, received an order from a renowned customer. - Order Details: Supply of 236.22 MW solar modules. - Completion Timeline: Q1 and Q2 of Financial Year 2027-28.

Business Update Positive

2026-06-28 12:20

- Waaree Energies clarifies U.S. Customs determination regarding media reports on an EAPA investigation (No. 8163). - CBP confirmed Waaree did not export solar modules using Chinese-origin solar cells to the U.S. - CBP drew no adverse inference against the Company and declined a broader evasion finding. - The determination is limited to a narrow subset of historical import entries and is not a final adjudication. - No impact on ongoing manufacturing, customer deliveries, or commercial operations.

WAAREEENER

Waaree Energies Ltd

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