On March 13, 2026, the Board of Directors of Waaree Renewable Technologies Limited (WRTL) convened to approve several key corporate measures, primarily focusing on regulatory compliance and employee incentives. The Board sanctioned amendments to the company’s “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information” to align with the latest SEBI (Prohibition of Insider Trading) Regulations. Additionally, the Board approved the grant of 66,809 Equity Shares under the “Waaree RTL ESOP 2022” scheme. These options, priced at Rs. 10 per share, are set to vest over a six-year period starting from the first anniversary of the grant date.

Waaree Renewable Technologies Limited is a leading solar EPC (Engineering, Procurement, and Construction) company in India and a subsidiary of Waaree Energies Limited. The company specializes in providing end-to-end solar solutions, including the installation of utility-scale, rooftop, and floating solar power plants. In early 2026, WRTL announced a massive strategic move by approving the acquisition of a 55% stake in Associated Power Structures Limited (ASPL) for approximately Rs. 1,225 crore, aimed at strengthening its presence in the power transmission and distribution sector. Recent operational updates include securing a significant 300 MWac solar EPC contract in March 2026 and a 1,218 MWp project in late 2025, which have bolstered its unexecuted order book to nearly 3 GWp.

For the quarter ended December 31, 2025 (Q3 FY26), the company reported its highest-ever quarterly performance with revenue from operations reaching Rs. 851.06 crore, a staggering 136.18% increase from Rs. 360.35 crore in the same period last year. Profit after tax (PAT) for the same period more than doubled to Rs. 120.19 crore, up 124.74% from Rs. 53.48 crore in Q3 FY25. On a sequential (QoQ) basis, revenue grew by approximately 9.8% from Rs. 774.78 crore in Q2 FY26, while PAT saw a 3.3% increase from Rs. 116.34 crore. The company attracts significant institutional interest, with major global investors like BlackRock, Inc. and State Street Global Advisors holding stakes as of early 2026.