Waaree Energies Limited has informed the Exchange regarding Re-Appointment of M/s. V J Talati & Co. as Cost Auditor of the Company.
WAAREEENER · price
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Waaree Energies reported strong FY2026 consolidated results with total income of Rs 27,245 crores (up 84% YoY) and net profit of Rs 3,884 crores (up 101% YoY). The Board recommended a final dividend of Rs 2 per share (20%). It approved fund raising up to Rs 10,000 crores via QIP or other modes, and acquisition of 100% of Waaree Semicon Private Limited for Rs 1 lakh (a related party transaction from the promoter company) to enter semiconductor products like IGBTs and MOSFETs for renewable energy applications. Cost Auditor M/s V J Talati & Co. and Internal Auditor M/s Mahajan and Aibara were re-appointed for FY2026-27. Notable items include a Rs 294.78 crore provision for US Customs investigation and Rs 349.92 crore in 45X production credits.
The nearly doubled profit and fund raising plan signal strong growth ambitions. The semiconductor diversification through an intragroup acquisition at nominal value is positive for vertical integration. Ongoing regulatory investigations remain a watch item.