Waaree Energies Ltd (WAAREEENER) — Board Meeting | 24 September 2026 (2 announcements)

Waaree Energies approved a scheme to amalgamate Indosolar Limited into itself, creating a vertically integrated solar manufacturer. The merger consolidates assets, eliminates duplicate compliance, and offers shareholders of Indosolar shares in Waaree at a 1:11 exchange ratio. The transaction requires regulatory approvals and will simplify the group structure.

Waaree Energies held its 36th AGM on September 24, 2026 via video conference, approving audited standalone financial statements for FY2025-26, declaring a dividend, and ratifying cost auditor remuneration. Chairman Hitesh Doshi highlighted record FY2025-26 revenue, EBITDA, and profit, and outlined the company's transition to an integrated energy platform under Waaree 2.0, expanding manufacturing across India, the US, and Oman to support India's clean energy goals.