Meeting Details

The 27th Annual General Meeting is scheduled to be held on Wednesday, September 23, 2026, at 11:00 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM) facility.

Ordinary Business Items

1. Adoption of Financial Statements

  • To receive, consider and adopt the Audited Standalone Financial Statements for FY 2025-26
  • To receive, consider and adopt the Audited Consolidated Financial Statements for FY 2025-26
  • Includes Balance Sheet as at March 31, 2026, Statement of Profit and Loss, and Cash Flow Statement

2. Re-appointment of Director

  • Re-appointment of Mr. Sunil Rathi (DIN: 08036090) who retires by rotation
  • Mr. Rathi is Whole-Time Director, age 55 years, with Bachelor's in Electronics Engineering and MBA
  • Date of first appointment: March 28, 2023
  • Attended 6 Board Meetings and 2 adjourned meetings during the year
  • Holds directorships in All India Solar Industries Association, Waaree Energies Middle East FZE, and Sunsational Power Private Limited

3. Re-appointment of Statutory Auditor

  • Re-appointment of M/s. KKC & Associates LLP (formerly Khimji Kunverji & Co. LLP), Chartered Accountants (FRN: 105146W/W100621)
  • For a second term of 5 consecutive years
  • Remuneration of ₹25 lakhs per annum
  • Authorization to Audit Committee/Board to revise terms and conditions

Special Business Items

4. Conversion of Loan into Equity

  • Special resolution under Section 62(3) of Companies Act, 2013
  • Enables lenders to convert outstanding loans into equity shares at their option
  • Conversion may occur during currency of financial assistance or upon event of default
  • Conversion price to be determined as per financing documents and applicable laws
  • Company clarifies this is an enabling resolution with no current conversion proposals

5. Approval of Material Related Party Transaction with Waaree Energies Limited

  • Parent company relationship
  • Aggregate value: ₹746.80 crore
  • Transactions include: Purchase of Goods/Services (₹400 Cr), Sale of Goods/Services (₹20 Cr), Availing of Loan/Guarantee/Security (₹250 Cr), Interest Expense (₹60 Cr), Reimbursement of Expenses (₹6 Cr), Rent (₹4.80 Cr), Common Manpower Cost Allocation (₹6 Cr)
  • FY 2025-26 previous transactions: Purchases (₹731.57 Cr), Sales (₹179.40 Cr), Loan Taken (₹88 Cr), Loan Repaid (₹28 Cr)
  • Interest rate: 10%, unsecured, on-demand repayment

6. Approval of Material Related Party Transaction with Waaree Forever Energies Private Limited

  • Wholly-owned subsidiary of parent company
  • Aggregate value: ₹1,000.40 crore
  • Transactions include: Sales of goods/services (₹1,000 Cr), Reimbursement of Expenses (₹0.4 Cr)
  • FY 2025-26 previous transactions: Sales (₹60.23 Cr), Reimbursement (₹0.27 Cr)
  • Q1 FY2027 transactions: Sales (₹246.28 Cr)

7. Approval of Material Related Party Transaction with Waaneep Solar One Private Limited

  • Wholly-owned subsidiary of parent company
  • Aggregate value: ₹500 crore
  • Transaction: Sale of Goods/Services
  • No previous transactions in FY2026 or Q1 FY2027

8. Approval of Material Related Party Transaction with Lumina Greentech Private Limited

  • Step-down subsidiary of parent company
  • Aggregate value: ₹550 crore
  • Transaction: Sale of Goods/Services
  • No previous transactions in FY2026 or Q1 FY2027

Financial Impact and Ratios

For Waaree Energies Limited RPT:

  • Debt to Equity Ratio before transaction: 0.09
  • Debt to Equity Ratio after transaction: 0.36
  • Debt Service Coverage Ratio before transaction: 5.80
  • Debt Service Coverage Ratio after transaction: 5.04
  • Value represents 22.42% of listed entity's annual consolidated turnover

For Other RPTs:

  • Waaree Forever Energies: 30.03% of consolidated turnover
  • Waaneep Solar One: 15.01% of consolidated turnover
  • Lumina Greentech: 16.51% of consolidated turnover

Voting Arrangements

  • Remote e-Voting period: September 20, 2026 (9:00 a.m.) to September 22, 2026 (5:00 p.m.)
  • Cut-off date for voting eligibility: September 16, 2026
  • Scrutinizer: Ms. Shruti Somani, Practicing Company Secretary (ACS 49773)
  • Results to be submitted to stock exchanges within 2 working days of AGM conclusion

Record Date and Shareholding

  • Record date: September 16, 2026
  • Parent company Waaree Energies Limited holds 74.30% stake in Waaree Renewable Technologies

Additional Information

  • AGM will be conducted virtually in compliance with MCA Circulars and SEBI regulations
  • Facility available for first 1,000 members on first-come-first-served basis
  • Large shareholders (2%+), promoters, institutional investors, directors, KMPs exempt from attendance restrictions
  • No amount of unclaimed dividend or shares were transferred to IEPF during the year