Waaree Renewable Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on March 13, 2026.
WAAREERTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Waaree Renewable Technologies (a subsidiary of Waaree Energies) met on March 13, 2026, and approved three key items. First, it amended the Code of Fair Disclosure under SEBI's Insider Trading Regulations to align with recent SEBI amendments, including policies on legitimate purpose for sharing unpublished price-sensitive information and inquiry procedures in case of leaks. Second, it approved a postal ballot notice to seek shareholder approval for increasing the company's threshold for giving loans, guarantees, and making investments under Section 186 of the Companies Act, 2013. Third, it approved the grant of 66,809 stock options to eligible employees under the Waaree RTL ESOP 2022 scheme, with an exercise price of Rs. 10 per option on shares of Rs. 2 face value. The options will vest in tranches of 15% each in the first four years and 20% each in years five and six, and must be exercised within six years of vesting.
The ESOP grant is modest in size and unlikely to materially dilute existing shareholders, but signals continued efforts to retain and incentivize employees. The proposed increase in Section 186 thresholds via postal ballot would give the Board more flexibility to extend loans, guarantees, or make investments in other entities, which could be material if the company plans expansion or inter-corporate transactions. The insider trading policy update is routine compliance housekeeping with no business impact.