Waaree Energies Limited has informed the Exchange regarding Re-appointment of M/s. Mahajan and Aibara, Chartered Accountant LLP as Internal Auditor of the Company.
WAAREEENER · price
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Waaree Energies reported strong FY2026 results with revenue of Rs 26,537 Crores (up 84% YoY) and net profit of Rs 3,884 Crores (up 101% YoY). The Board declared a final dividend of Rs 2 per share (20%) and approved fund raising up to Rs 10,000 Crores via QIP or other modes. The company also approved acquisition of Waaree Semicon Private Limited for Rs 1 Lakh to enter semiconductor manufacturing (power diodes, IGBTs, MOSFETs) for renewable energy applications. Cost Auditor M/s V J Talati & Co and Internal Auditor M/s Mahajan and Aibara were reappointed for FY2026-27. Notable items include Rs 294.78 Crores provision for US Customs EAPA investigation and ongoing Income Tax investigation in India.
Strong financial performance and fund-raising approval are positive signals, but ongoing regulatory investigations (US Customs and Income Tax) and related provisions could create near-term volatility in the stock.