Waaree Renewable Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
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Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, held its 26th Annual General Meeting on September 23, 2025, via video conferencing from 11:15 a.m. to 12:20 p.m., with 45 members present. The meeting, chaired by Independent Director Mr. Nilesh Gandhi, covered 13 resolutions including adoption of FY25 audited financial statements (standalone and consolidated), re-appointment of Mr. Hitesh Mehta as a director, appointment of a new secretarial auditor, and increase in the company's overall borrowing limits. Three executive directors (Mr. Viren Doshi, Mr. Hitesh Mehta, and Mr. Sunil Rathi) were appointed as Whole-Time Directors, and shareholders approved a revision in the remuneration of Managing Director Mr. Pujan Doshi. Material related party transactions with Waaree Energies, Waaree Forever Energies, Indosolar, and Waaneep Solar One were also tabled for approval. The statutory and secretarial audit reports had no qualifications or adverse remarks, and e-voting results are to be declared within two working days.
The AGM outcomes signal continued board continuity, potential debt expansion capacity, and closer financial integration with the parent Waaree group through related party transactions. Shareholders should watch the declared e-voting results for any dissent on borrowing limits or the MD remuneration revision, as these could influence near-term sentiment.