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Waaree Energies on Monday said that it has got shareholders' approval to raise up to Rs 10,000 crore through the issuance of equity shares on a Qualified Institutions Placement basis. On April 29, the board of the company approved raising of up to Rs 10,000 crore through the issuance of equity shares, non-convertible debentures, along with warrants, any other eligible securities convertible into equity shares of the company, or any combination (collectively, securities) on Qualified Institutional Placement. According to a regulatory filing, the company got shareholders' approval to raise capital through a qualified institutions placement. The shareholders also approved the appointment of Jignesh Devchandbhai Rathod as a Whole-Time Director & CEO of the company. "...the resolutions as proposed in the postal ballot notice dated May 14, 2026, have been passed by the shareholders by remote e-voting process with requisite majority, on Saturday, June 13, 2026 (last date of remote ...
Waaree Energies has posted around 75 per cent rise in consolidated net profit to Rs 1,126 crore during the quarter ended March 31, supported by higher revenues from its core business. The company had reported a net profit of Rs 644.47 crore in the year ago period, the company said in an exchange filing on Wednesday. During the January-March quarter, the company's total income more than doubled to Rs 8,659.98 crore from Rs 4,140.92 crore in the fourth quarter of the preceding 2024-25 financial year. For the entire FY26, the net profit surged to Rs 3,884.15 crore from Rs 1,928.13 crore in FY25. The board of the company has recommended a final dividend of Rs 2 per equity share of Rs 10 each at the rate of 20 per cent for the year ended March 31, 2026, subject to approval of the Members at the ensuing Annual General Meeting (AGM) of the company. The board also approved raising up to Rs 10,000 crore through Qualified Institutional Placement (QIP) route or through any other permissible
Waaree Energies, a renewable energy company, will set up an integrated lithium-ion battery gigafactory in Andhra Pradesh at an outlay of over Rs 8,000 crore. The project will come up at Rambilli in Anakapalli district and is expected to generate around 3,000 direct jobs, said an official release on Thursday. "Waaree Energies will establish India's largest integrated lithium-ion battery gigafactory in Andhra Pradesh. The project will come up at Rambilli in Anakapalli district with an investment of Rs 8,175 crore," said the release. With a capacity of 16 GWh, the greenfield facility will cover the complete battery value chain, including cell manufacturing, battery packs and large-scale Battery Energy Storage Systems (BESS). The project has received in-principle approval from the Andhra Pradesh State Investment Promotion Board, chaired by Chief Minister N Chandrababu Naidu. Andhra Pradesh Human Resources Minister Nara Lokesh said the project marks a significant milestone in Andhra ..