Waaree Energies Limited has informed the Exchange regarding Notice of Postal Ballot including details of e-voting.
WAAREEENER · price
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Waaree Energies Limited has issued a postal ballot notice seeking shareholder approval for three resolutions. First, shareholders are voting to confirm the appointment of Mr. Jignesh Devchandbhai Rathod (DIN: 11121448) as a Director of the Company (ordinary resolution). Second, shareholders are voting to formalise his appointment as Whole-Time Director & CEO for a 5-year term from March 21, 2026 to March 20, 2031, along with the remuneration package (ordinary resolution). Third, and most significantly, shareholders are voting on a special resolution to approve raising capital of up to ₹10,000 crore through a Qualified Institutions Placement (QIP), involving issuance of equity shares or other eligible securities to eligible investors in one or more tranches. The e-voting period runs from May 15, 2026 to June 13, 2026, with the cut-off date for eligible voters being May 9, 2026.
The proposed ₹10,000 crore QIP represents a very large capital raise that could significantly dilute existing shareholders. The appointment of Jignesh Rathod as Whole-Time Director & CEO formalises recent leadership changes and may signal a strategic shift. Investors should monitor voting outcomes given the scale of the capital raise request.