Summary of Key Information:
Reporting Period: Not Applicable (Board Meeting Decisions)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 and 42
Key Financial Highlights:
Not Specified
Corporate Actions:
- Manufacturing facilities consolidation: Relocation of Plant & Machinery from Tumb (1.0 GW capacity) and Nandigram (1.11 GW capacity) manufacturing facilities to existing manufacturing facility at Chikhli, Gujarat
- This unit contributed approximately 14.00% of the standalone turnover of the Company during the last financial year
- Closure expected on or before December 31, 2026
- Reason: For operational efficiency
- Capital Expenditure: US$ 37 million by Waaree Solar Americas Inc. (wholly-owned subsidiary) to revamp its manufacturing facility at Arizona, USA
- Revamp involves replacement of existing module manufacturing lines with new high-efficiency module production lines
- Will increase manufacturing capacity at Arizona from 1 GW to 1.6 GW
- Funding: Mix of debt and internal accruals
- Post-completion, Company's aggregate manufacturing capacity in United States will be 4.8 GW (3.2 GW at Texas + 1.6 GW at Arizona)
- Dividend: Record Date set as Friday, September 11, 2026 for ascertaining Members entitled to receive Final Dividend for Financial Year 2025-26, subject to approval at AGM
Other Significant Information:
- 36th Annual General Meeting to be held on Thursday, September 24, 2026 through Video Conferencing/Other Audio Visual Means
Board Committee Reconstitution:
Audit Committee composition:
- Rajender Mohan Malla (Independent Director) - Chairman
- Mahesh Chhabria (Independent Director) - Member
- Hitesh Mehta (Whole-Time Director) - Member