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 e-voting)," it stated.
Waaree Energies gets shareholders' nod to raise up to Rs 10,000 cr via QIP
Waaree Energies shareholders have approved a significant capital raise. The company can now raise up to Rs 10,000 crore through a Qualified Institutions Placement. This move will bolster the company's financial standing. Additionally, Jignesh Devchandbhai Rathod has been appointed as Whole-Time Director and CEO. These approvals were confirmed through a remote e-voting process.
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