Waaree Energies Limited has informed the Exchange about Acquisition.
WAAREEENER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Waaree Energies held its Board meeting on April 29, 2026 approving multiple items. For FY2026, consolidated revenue reached Rs. 26,536.77 Crores and net profit stood at Rs. 3,884.15 Crores, up from Rs. 14,444.50 Crores and Rs. 1,928.13 Crores respectively in FY2025. The board recommended a final dividend of Rs. 2 per share (20%) subject to shareholder approval. It also approved raising up to Rs. 10,000 Crores via QIP or other permissible modes. Key acquisition: The company, through its wholly-owned subsidiary Waaree Power Private Limited, acquired 100% of Waaree Semicon Private Limited for Rs. 1 Lakh from promoter entity Waaree Sustainable Finance Private Limited. This is a related party transaction where the target is a non-operating company incorporated in September 2025, intended to establish strategic presence in power semiconductors (IGBTs, MOSFETs, PV diodes) for renewable energy and EV applications. The deal is expected to complete in FY2026-27. Additionally, US Customs investigation provisions of Rs. 294.78 Crores and Income Tax department investigations were noted.
Strong financial growth in FY2026 with near doubling of revenue and profit. The semiconductor acquisition signals strategic diversification into power electronics components. Fund raising approval of Rs. 10,000 Crores suggests significant expansion plans ahead. The ongoing US Customs and IT investigations add some regulatory risk but provisions have been made.