Waaree Renewable Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on August 26, 2025.
WAAREERTL · price
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Waaree Renewable Technologies Limited held a board meeting on August 26, 2025, where several key decisions were approved. The board approved the Board's Report for FY 2024-25 and fixed the 26th Annual General Meeting for September 23, 2025, with the register of members closed from September 17 to 23, 2025. Three new Whole Time Directors were appointed for a 5-year term effective August 26, 2025: Mr. Viren Doshi (related to the Managing Director), Mr. Hitesh Mehta, and Mr. Sunil Rathi. M/s Makarand M. Joshi & Co. was appointed as the Secretarial Auditor for five consecutive financial years from FY 2025-26 to FY 2029-30, subject to shareholder approval. Additionally, Mr. Kamlesh Harchandani was appointed as CEO-Data Centre under the Senior Management Personnel category, effective September 1, 2025, signalling the company's entry into the data centre business.
The appointment of three whole-time directors and a CEO for the data centre vertical suggests the company is strengthening its leadership team and expanding into a new business segment. For shareholders, this could indicate a growth phase and diversification beyond solar, though the Secretarial Auditor appointment still requires shareholder approval at the upcoming AGM.