Meeting Details

The 27th Annual General Meeting was held on Wednesday, September 23, 2026, at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means. The meeting commenced at 11:00 a.m. and concluded at 11:55 a.m. The meeting was convened pursuant to circulars issued by the Ministry of Corporate Affairs and SEBI, and in compliance with the Companies Act, 2013 and relevant rules.

Resolutions Considered

The following eight resolutions were proposed and passed at the meeting:

  • Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026
  • Ordinary Resolution: Re-appointment of Mr. Sunil Rathi as Director who retires by rotation
  • Ordinary Resolution: Re-appointment of KKC & Associates LLP as Statutory Auditors for five years
  • Special Resolution: Conversion of loan into equity
  • Ordinary Resolution: Approval of Material Related Party Transaction with Waaree Energies Limited
  • Ordinary Resolution: Approval of Material Related Party Transaction with Waaree Forever Energies Private Limited
  • Ordinary Resolution: Approval of Material Related Party Transaction with Waaneep Solar One Private Limited
  • Ordinary Resolution: Approval of Material Related Party Transaction with Lumina Greentech Private Limited

Attendance and Participation

Total 56 members were present in the meeting through video conferencing. The following individuals attended:

  • Mr. Nilesh Gandhi - Non-Executive Independent Director and Chairperson
  • Mrs. Ambika Sharma - Non-Executive Independent Director
  • Mr. Sunil Jain - Non-Executive Independent Director
  • Mr. Pujan Doshi - Managing Director
  • Mr. Viren Doshi - Whole Time Director
  • Mr. Hitesh Mehta - Whole Time Director
  • Mr. Sunil Rathi - Whole Time Director
  • Mr. Manmohan Sharma - Chief Financial Officer
  • Ms. Heema Shah - Company Secretary & Compliance Officer
  • Mr. Divesh Shah - Representative of KKC & Associates LLP (Statutory Auditor)
  • Mr. Vaibhav Dandawate - Representative of Makarand M. Joshi & Co. (Secretarial Auditor)

Mr. Sudhir Arya, Non-Executive Independent Director, was unable to attend due to pre-occupancy.

Voting Process

The remote electronic voting facility was provided through Central Depository Services Limited (CDSL). The voting period commenced on Sunday, September 20, 2026, at 09:00 a.m. and ended on Tuesday, September 22, 2026, at 5:00 p.m. Members holding shares as of the record date of Wednesday, September 16, 2026, were eligible to vote electronically.

During the AGM, e-voting facility remained open for an additional 30 minutes for members who had not cast their votes. Ms. Shruti Somani, Practicing Company Secretary, was appointed as Scrutinizer for conducting the e-voting process.

Voting Results and Declaration

The results of the voting were to be declared based on the Scrutinizer's report covering both remote e-voting and e-voting during the AGM. The results were scheduled to be announced within 2 working days of the conclusion of the meeting and placed on the company's website (www.waareertl.com) and CDSL's website, with intimation to BSE Limited and National Stock Exchange of India Limited.

Compliance and Regulatory References

The meeting was conducted in compliance with:

  • Companies Act, 2013 and relevant rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Circulars issued by Ministry of Corporate Affairs
  • Circulars issued by Securities and Exchange Board of India

The financial statements, director's report, auditor's report, and secretarial audit report were taken as read with no qualifications, reservations, adverse remarks, or disclaimers noted.

Signatories and Contact

The document was digitally signed by Heema Shah, Company Secretary (ACS 52919), with email contact info@waareertl.com. The proceedings were submitted to BSE Limited and National Stock Exchange of India Limited.

Additional Information

The company availed services of MUFG Intime India Private Limited for holding the AGM through VC/OAVM. The Chairperson acknowledged the presence of members and invitees, and the meeting concluded with a vote of thanks to the Chair.