Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015, attached herewith.
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Waa Solar Ltd has successfully commissioned a 6,000 KW (AC) grid-connected solar PV system under the government-backed PM KUSUM-C Feeder Level Solarization Scheme. The company received two commissioning certificates from Paschim Gujarat Vij Company Limited (PGVCL), a state power distribution utility. With this addition, Waa Solar's cumulative commissioned capacity under the PM KUSUM-C scheme has reached 42 MW, marking a notable milestone. The project aligns with India's renewable energy goals and the company's ongoing solar portfolio expansion. The announcement was made under SEBI's Regulation 30 disclosure requirements.
This is a positive execution update, showing the company is steadily delivering on its government-backed solar projects and building its renewable energy portfolio. Investors may view this as a sign of operational progress, though the financial impact would depend on how this 6 MW addition translates into revenue and earnings over time.