Waaree Renewable Technologies Limited has informed the Exchange regarding Notice of Postal Ballot
WAAREERTL · price
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Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has issued a Postal Ballot Notice to shareholders seeking approval (via e-voting) for a Special Resolution to increase its Section 186 threshold by up to Rs. 2,000 Crores. The enhanced limit will allow the company to give loans, provide guarantees or security, and make investments in other bodies corporate beyond the statutory cap of 60% of paid-up capital/free reserves or 100% of free reserves and securities premium, whichever is higher. Shareholders of record as on the cut-off date of March 6, 2026 can vote electronically between March 16, 2026 and April 14, 2026, with results expected within two working days after the e-voting closes.
Approval would give the company significantly more flexibility to deploy capital through loans, guarantees, or investments in other entities, signaling potential expansion or strategic investments. Shareholders should evaluate whether such deployment of funds supports long-term value creation, as it could also expose the company to greater financial risk.