Waaree Renewable Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
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Waaree Renewable Technologies has notified the exchanges that its 26th Annual General Meeting will be held on Tuesday, September 23, 2025 at 11:00 a.m. via video conferencing. The agenda includes adoption of audited standalone and consolidated financial statements for FY25, re-appointment of Mr. Hitesh Mehta as director, and appointment of M/s Makarand M. Joshi & Co. as Secretarial Auditor for 5 years at Rs. 2.85 lakh per annum. Shareholders will also vote on raising the company's borrowing limit to Rs. 3,000 crore, approving charges on company assets, and appointing Mr. Viren Doshi, Mr. Hitesh Mehta, and Mr. Sunil Rathi as Whole Time Directors for 5-year terms. Four material related party transactions are up for approval with Waaree Energies (parent), Waaree Forever Energies, Indosolar, and Waaneep Solar One. The MD Mr. Pujan Doshi's salary is proposed to be raised from Rs. 24 lakh to Rs. 1 crore per annum effective April 1, 2025.
The Rs. 3,000 crore borrowing cap expansion signals significant growth plans ahead, while the MD salary hike from Rs. 24 lakh to Rs. 1 crore is a steep increase worth noting. Multiple related party transactions with group entities suggest heavy inter-group dealings that shareholders should review carefully. Book closure runs September 17-23, 2025 with e-voting from September 20-22, 2025.