Waaree Energies has approved the acquisition of 33.34% of the paid-up equity share capital of Wictor Sealz Private Limited for ₹33,340. This move aims to strengthen the company’s supply chain integration, reduce reliance on imported solar module sealants, and enhance supply security. Waaree Energies will also make a further investment of ₹5 crore in Wictor Sealz by March 31, 2027. The acquisition is expected to be completed by the financial year 2026-27.
Waaree Energies Acquires Stake in Wictor Sealz
Waaree Energies Limited has announced the approval of a significant acquisition, purchasing 33.34% of the paid-up equity share capital of Wictor Sealz Private Limited. The transaction was approved during the company’s Board of Directors meeting held on October 31, 2026. The stake was acquired from Vimac Impex Private Limited through a Share Purchase-cum-Shareholders’ Agreement.
Strategic Rationale for Acquisition
The primary objective behind this acquisition is to bolster Waaree Energies’ supply chain integration. By increasing its stake in Wictor Sealz, the company aims to reduce its dependence on imported solar module sealants, thereby enhancing supply security. This strategic move is also expected to create long-term value for stakeholders and strengthen the company’s competitive position in the market.
Financial Details and Future Investment
The cost of acquisition for the 33.34% equity stake is ₹33,340, based on a face value of ₹10 per share for 3,334 equity shares. Furthermore, Waaree Energies has committed to making an additional investment of ₹5 crore (Rupees Five Crore only) in Wictor Sealz. This future investment is planned to be completed by March 31, 2027.
Target Entity and Timeline
Wictor Sealz Private Limited operates in the solar module sealants and specialty chemicals manufacturing industry. The company was incorporated in India on January 05, 2026, and is engaged in related products, though it has yet to commence full business operations. The indicative time period for the completion of this acquisition is the Financial Year 2026-27.
Source: BSE
