Waaree Technologies Sets AGM Date and Proposes Auditor Change

Loss After Tax narrowed to Rs 4.18 crore for FY25-26 from Rs 5.65 crore in FY24-25.
Total Income stood at Rs 7.45 crore compared to Rs 10.45 crore in the prior fiscal.

Reader Takeaway: Improved loss performance provides some stability, while auditor rotation and large-scale related party dealings remain key focus areas.

What just happened

Waaree Technologies Ltd has officially scheduled its 13th Annual General Meeting (AGM) for September 28, 2026, at 04:00 P.M. The meeting will occur via Video Conferencing or Other Audio Visual Means. Shareholders eligible to vote must be registered by the cut-off date of September 21, 2026.

Why this matters

The meeting marks a transition in the company's oversight, with the board proposing the appointment of M/s BHATTER & CO. as statutory auditors for a five-year term, ending at the 18th AGM in 2031. They will replace the outgoing firm, M/s R T Jain & Co. LLP.

Key Proposals

Beyond administrative appointments, the board is seeking approval for material related party transactions. These include dealings with group entities such as Waaree Energies Limited, Waaree Renewable Technologies Limited, and Waaree ESS Private Limited. These transactions cover the purchase and sale of solar modules, batteries, and inverters, alongside inter-corporate deposits for working capital. The company maintains these are conducted at arm's length.

What changes now

The management structure sees a continuity move with the re-appointment of Mr. Vivek Srivastava, who retires by rotation and has offered himself for another term. Investors are primarily watching the narrowing of losses, which fell from Rs 5.65 crore to Rs 4.18 crore in the last financial year despite a dip in total income to Rs 7.45 crore.