Key Resolutions and Voting Results

Resolution 1: Ordinary Resolution - Appointment of Director

  • Description: Appointment of Mr. Jignesh Devchandbhai Rathod (DIN: 11121448) as a Director of the Company
  • Voting Results:
  • Total shares voted: 234,659,033 (81.5776% of outstanding shares)
  • Votes in favor: 234,113,133 (99.7674% of votes polled)
  • Votes against: 545,900 (0.2326% of votes polled)
  • Resolution Outcome: Passed

Resolution 2: Ordinary Resolution - Appointment as Whole-Time Director & CEO

  • Description: Appointment of Mr. Jignesh Devchandbhai Rathod (DIN: 11121448) as a Whole-Time Director & CEO of the Company and the remuneration payable to him
  • Voting Results:
  • Total shares voted: 234,658,990 (81.5776% of outstanding shares)
  • Votes in favor: 232,539,681 (99.0969% of votes polled)
  • Votes against: 2,119,309 (0.9031% of votes polled)
  • Resolution Outcome: Passed

Resolution 3: Special Resolution - Capital Raising

  • Description: Approval to raise capital by way of a Qualified Institutions Placement to eligible investors through an issuance of Equity Shares or other eligible securities for an amount aggregating up to ₹10,000 crores
  • Voting Results:
  • Total shares voted: 234,658,994 (81.5776% of outstanding shares)
  • Votes in favor: 233,668,458 (99.5779% of votes polled)
  • Votes against: 990,536 (0.4221% of votes polled)
  • Resolution Outcome: Passed

Voting Process Details

  • Record Date: May 9, 2026
  • Total Shareholders on Record Date: 716,505
  • Voting Period: May 15, 2026 (9:00 AM IST) to June 13, 2026 (5:00 PM IST)
  • Voting Mode: Remote e-voting only through MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Scrutinizer: Mr. Vaibhav Dandawate, Partner of M/s. Makarand M. Joshi & Co., Practicing Company Secretaries
  • Scrutinizer Appointment Date: April 29, 2026
  • Scrutinizer Report Date: June 15, 2026

Shareholding Pattern Analysis

  • Total Outstanding Shares: 287,651,335
  • Promoter and Promoter Group Holdings: 184,642,013 shares (64.19%)
  • Public Institutions Holdings: 34,088,963 shares (11.85%)
  • Public Non-Institutions Holdings: 68,920,359 shares (23.96%)

Additional Notes

  • No invalid votes were cast on any resolution
  • Votes cast do not include abstained votes
  • Foreign Portfolio Investor voting rights were restricted as per SEBI Master Circular No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/2024/70 dated May 30, 2024 for those not submitting additional disclosures
  • The company has no shares with differential voting rights

Disclosure Availability

The information will be made available on the company website www.waaree.com and the e-voting agency website https://instavote.linkintime.co.in