Waaree Energies Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
WAAREEENER · price
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Waaree Energies Limited has announced the results of its postal ballot concluded on August 1, 2025. The single special resolution pertained to varying the objects of the company's Initial Public Offer (IPO) to change the project location. Out of 28.72 crore total outstanding shares, 23.32 crore votes were polled (81.16% participation). The resolution was passed with overwhelming support — 99.9987% of votes polled were in favour, with only 2,962 votes against. Promoters and promoter group, who hold 18.47 crore shares, voted 100% in favour. Public institutions voted 100% in favour on 82.45% of their holdings, while public non-institutions voted 99.99% in favour. The scrutinizer's report was issued by Mr. Omkar Dindorkar of MMJB & Associates LLP on August 2, 2025.
Shareholders have approved the variation in IPO objects to allow a change in project location, giving the company flexibility to deploy IPO proceeds at a different site than originally disclosed. This is a procedural administrative matter with near-unanimous shareholder support, so it is unlikely to have a material impact on the stock price.