Meeting Details

  • Date: Thursday, September 24, 2026
  • Time: 11:00 A.M. to 12:15 P.M. (IST)
  • Mode: Video Conferencing and Other Audio-Visual Means (VC/OAVM)
  • Location: Conducted remotely via video conferencing
  • Type: Annual General Meeting

Proposed Resolutions and Implications

Six resolutions were proposed and approved at the meeting:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors (Ordinary Resolution)

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors' report (Ordinary Resolution)

3. Declaration of dividend on equity shares for financial year ended March 31, 2026 (Ordinary Resolution)

4. Re-appointment of Mr. Viren Chimanlal Doshi (DIN: 00207121) who retires by rotation (Ordinary Resolution)

5. Ratification of Cost Auditors Remuneration for FY 2026-27 (Ordinary Resolution)

6. Appointment of Ms. Mona Bhide (DIN: 05203026) as an Independent Director (Special Resolution)

Voting Process and Methods

The company provided e-voting facility through MUFG Intime India Private Limited. Voting methods included:

  • Remote e-voting prior to the meeting
  • Venue e-voting during the AGM
  • The e-voting facility remained open for 15 minutes post conclusion of the meeting
  • Mr. Vaibhav Dandawate, Partner of M/s. Makarand M Joshi & Co., Practicing Company Secretaries, was appointed as Scrutinizer

Key Voting Outcomes

The document states that "all the items of business contained in the Notice were transacted and passed by the Members with the requisite majority" but does not provide specific vote counts or percentages. The scrutinizer's report was to be submitted after the meeting and results were to be intimated to stock exchanges and uploaded on company website within two working days.

Participation Breakdown

  • Number of Shareholders Present: 80
  • Five registered speaker shareholders asked questions during the meeting

Scrutinizer's Role

Mr. Vaibhav Dandawate was appointed to scrutinize the e-voting at the AGM and remote e-voting process "in a fair and transparent manner." The scrutinizer was to unblock votes cast through remote e-voting and venue e-voting and make a consolidated scrutinizer's report of total votes cast in favor or against.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Various MCA and SEBI Circulars
  • The Statutory Auditors' Report and Secretarial Audit Report had no qualifications for FY ended March 31, 2026

Business Performance Highlights

During the meeting, the Chairman reported:

  • FY 2025-26 was a record year with record revenue, record EBITDA, and record profit
  • Waaree has shipped 36 GW of modules globally
  • Company transition to Waaree 2.0 integrated energy platform
  • Manufacturing footprint expansion across India, United States, and Oman

Attendees

Board Members Present:

  • Mr. Hitesh Chimanlal Doshi - Chairman & Managing Director
  • Mr. Viren Doshi - Whole Time Director
  • Mr. Jignesh Rathod - Whole Time Director & Chief Executive Officer
  • Mr. Rajender Malla - Independent Director, Chairman of Audit Committee
  • Mr. Mahesh Chhabria - Independent Director, Chairman of Stakeholders Relationship Committee
  • Mr. Rajinder Loona - Independent Director, Chairman of Nomination and Remuneration Committee
  • Ms. Mona Bhide - Independent Director

Management Present:

  • Mr. Abhishek Pareek - Chief Financial Officer
  • Mr. Rajesh Gaur - Company Secretary and Compliance Officer

Auditors Present:

  • M/s. SRBC & Co. LLP - Statutory Auditors
  • M/s. Mahajan & Aibara - Internal Auditors
  • M/s. Makarand M. Joshi & Co. - Secretarial Auditors