Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Waaree Energies Limited

Meeting Details

The 36th Annual General Meeting was held on Thursday, September 24, 2026 at 11:00 a.m. IST through Video Conferencing. The meeting concluded at 12:15 a.m. The notice convening the AGM was dated September 02, 2026.

Proposed Resolutions and Implications

Six resolutions were proposed and approved:

1. Ordinary Resolution: To receive, consider and adopt the audited standalone financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors

2. Ordinary Resolution: To receive, consider and adopt the audited consolidated financial statements for FY ended March 31, 2026, with report of Auditors

3. Ordinary Resolution: To declare dividend on equity shares for FY ended March 31, 2026

4. Ordinary Resolution: To reappoint Mr. Viren Chimanlal Doshi (DIN: 00207121) as director who retires by rotation

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

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

Voting Process and Methods

The voting process utilized remote e-voting and e-voting during the AGM:

  • Remote e-voting period: September 20, 2026 (9:00 A.M. IST) to September 23, 2026 (5:00 P.M. IST)
  • E-voting during AGM: September 24, 2026
  • Scrutinizer: Vaibhav Dandawate of Makarand M. Joshi & Company (Membership No.: 27947)
  • Scrutinizer appointment date: August 29, 2026
  • Record date: September 17, 2026

Key Voting Outcomes

General Participation Data:

  • Total shareholders on record date: 785,272
  • Shareholders attending via video conferencing: 80 (all public shareholders)
  • No promoters or promoter group members attended physically or via VC

Resolution-wise Results:

Resolution 1 - Adoption of Standalone Financial Statements:

  • Total votes cast: 230,570,766 (80.1563% of outstanding shares)
  • Votes in favor: 229,896,434 (99.7075%)
  • Votes against: 674,332 (0.2925%)
  • Promoter group: 100% approval (179,750,234 votes)
  • Public institutions: 97.8199% approval
  • Public non-institutions: 99.9949% approval

Resolution 2 - Adoption of Consolidated Financial Statements:

  • Total votes cast: 230,570,768 (80.1563% of outstanding shares)
  • Votes in favor: 229,667,573 (99.6083%)
  • Votes against: 903,195 (0.3917%)
  • Promoter group: 100% approval
  • Public institutions: 97.0791% approval
  • Public non-institutions: 99.9946% approval

Resolution 3 - Dividend Declaration:

  • Total votes cast: 230,590,161 (80.1631% of outstanding shares)
  • Votes in favor: 230,589,184 (99.9996%)
  • Votes against: 977 (0.0004%)
  • Nearly unanimous approval across all categories

Resolution 4 - Reappointment of Mr. Viren Chimanlal Doshi:

  • Total votes cast: 230,587,811 (80.1623% of outstanding shares)
  • Votes in favor: 228,367,129 (99.0369%)
  • Votes against: 2,220,682 (0.9631%)
  • Public institutions showed 7.1811% opposition

Resolution 5 - Cost Auditor Remuneration Ratification:

  • Total votes cast: 230,587,826 (80.1623% of outstanding shares)
  • Votes in favor: 230,586,319 (99.9993%)
  • Votes against: 1,507 (0.0007%)
  • Near-unanimous approval

Resolution 6 - Appointment of Ms. Mona Bhide as Independent Director:

  • Total votes cast: 230,587,780 (80.1622% of outstanding shares)
  • Votes in favor: 226,842,274 (98.3757%)
  • Votes against: 3,745,506 (1.6243%)
  • Public institutions showed 12.1158% opposition

Scrutinizer's Findings

Vaibhav Dandawate confirmed:

  • No invalid votes across all resolutions
  • Votes cast do not include abstained votes
  • All resolutions passed with requisite majority
  • Foreign Portfolio Investor voting restrictions per SEBI Master Circular did not apply
  • The scrutinizer's report was dated September 25, 2026

Compliance with Regulations

The company confirmed compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014
  • MCA General Circulars
  • Secretarial Standard 2 on General Meetings

Additional Information

  • NSE Symbol: WAAREEENER
  • Total outstanding shares: 287,651,335
  • Promoter holding: 184,442,013 shares (64.12%)
  • Public institutions holding: 35,872,031 shares (12.47%)
  • Public non-institutions holding: 67,337,291 shares (23.41%)