Waaree Energies Limited’s step-down subsidiary, Waaree Smart Meters Private Limited, has acquired a 24.21% stake in Eppeltone Engineers Limited through an off-market transaction on August 07, 2026. Eppeltone Engineers, established in 1977, specializes in manufacturing electronic energy meters, including smart meters and power conditioning devices. This strategic acquisition aims to strengthen Waaree’s presence across the energy value chain and integrate smart meter capabilities.
Strategic Stake Acquisition
Waaree Energies Limited has announced a significant strategic move through its subsidiary, Waaree Smart Meters Private Limited. On August 07, 2026, the subsidiary completed an off-market transaction to acquire 24.21% of the equity share capital of Eppeltone Engineers Limited. This acquisition marks a key step in Waaree’s growth strategy within the energy sector.
About Eppeltone Engineers
Eppeltone Engineers Limited, founded in 1977, is a well-established player in the manufacturing of electronic energy meters. The company’s product portfolio also includes smart meters and various power conditioning devices. This expertise directly aligns with the evolving demands of the energy management and smart grid landscape, making it a valuable addition to Waaree’s ecosystem.
Synergies and Future Impact
The primary objective behind this acquisition is to integrate smart meter technologies and thereby strengthen Waaree’s overall presence across the entire energy value chain. This move is expected to enhance Waaree’s product offerings and competitive positioning in the market for energy measurement and management solutions. The cost of this acquisition was approximately Rs. 21.78 crores.
Source: BSE
