Waaree Energies Limited has announced the outcome of its Board Meeting held on October 27, 2026. The board approved the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, the company approved the acquisition of 100% shareholding of Waaree Green Data Centers Private Limited, along with its two wholly-owned subsidiaries. This strategic move signifies Waaree’s expansion into the data center business.
Board Meeting Outcome
Waaree Energies Limited convened its Board Meeting on October 27, 2026. During this meeting, the Board of Directors considered and approved key agenda items, including the unaudited financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Report from statutory auditors SRBC & Co. LLP, have been attached to this disclosure.
Strategic Acquisition in Data Centers
A significant decision made by the board was the approval for the acquisition of 100% shareholding in Waaree Green Data Centers Private Limited (WGDCPL). WGDCPL was formerly known as Sunsational Energy Private Limited. This acquisition also includes WGDCPL’s two wholly-owned subsidiaries: Aurovault Data Centers Private Limited and Sunstar Data Centers Private Limited. The acquisition is being made from Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited. This strategic expansion into the data center sector, including hyperscale, AI-ready, and edge data centers, aligns with the company’s vision for diversified growth.
Transaction Details
The acquisition is structured as a cash consideration with an indicative completion period within the Financial Year 2026-27. The total cost of acquisition is stated as ₹1,00,000/-, representing 10,000 equity shares at a face value of ₹10 per share, with Waaree Energies Limited acquiring 100% shareholding and control. The target entities, Waaree Green Data Centers Private Limited and its subsidiaries, were incorporated between August 30, 2024, and September 14, 2026, and are yet to commence operations.
Financial Performance Overview
The unaudited consolidated financial results for the quarter and six months ended September 30, 2026, show total revenue from operations of ₹7,517.74 crore and ₹15,449.53 crore, respectively. The profit before tax for these periods stood at ₹1,029.75 crore and ₹2,240.13 crore. Net profit attributable to owners of the parent company was ₹718.68 crore for the quarter and ₹1,568.90 crore for the six months. The consolidated statement of assets and liabilities as of September 30, 2026, reported total assets of ₹37,830.18 crore and total equity of ₹17,300.35 crore.
Independent Auditor’s Review
The accompanying consolidated financial results have undergone a review by SRBC & Co. LLP, Chartered Accountants. The auditors’ report states that based on their review, nothing has come to their attention that causes them to believe that the accompanying Statement, prepared in accordance with Indian Accounting Standards, has not disclosed the information required or contains any material misstatement. They also highlighted an ongoing investigation by U.S. Customs and Border Protection, noting that pending its outcome, no further adjustments have been made to the results.
Source: BSE
