Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
Waaree Energies Ltd. announced that its wholly owned subsidiary Waaree Power Private Limited has mutually terminated the Share Subscription cum Shareholders Agreement (SSSA) dated December 14, 2024, with Ewaa Renewable Techno Solutions Private Limited (ERTSPL) and its existing shareholders Mr. Rajjat Kumar Bothra and Mr. Nitin Bothra. The SSSA was originally signed to acquire a 55% stake (55,00,000 equity shares at Rs. 10 each, totalling Rs. 5.50 crores) in ERTSPL. The termination was executed via a termination agreement dated May 27, 2025, and the parties have mutually agreed to end all rights and obligations under the original deal.
This is a small-ticket acquisition that has been called off by mutual consent, with no financial impact or reasons disclosed. Investors are unlikely to see a material effect on Waaree Energies' stock price, as the deal value of Rs. 5.50 crores is negligible relative to the company's overall size.