WAAREE Energies announces the incorporation of three new wholly-owned step-down subsidiaries through its subsidiary, Waaree Forever Energies Private Limited. The new entities, Aqua Ray Renewables Private Limited, Vayu Shakti Renewables Private Limited, and Geo Nova Energy Private Limited, were incorporated on December 17, 2025. These incorporations align with WAAREE’s focus on expanding its footprint in the renewable energy sector.
New Subsidiaries Incorporated
Waaree Energies, through its wholly-owned subsidiary Waaree Forever Energies Private Limited, has incorporated three new wholly-owned step-down subsidiaries. The incorporations were completed on December 17, 2025.
Details of the New Entities
The newly incorporated companies are:
- Aqua Ray Renewables Private Limited
- Vayu Shakti Renewables Private Limited
- Geo Nova Energy Private Limited
Purpose of Incorporation
These newly incorporated entities are intended to facilitate and hold specific power projects under the Independent Power Producer (IPP) framework. Waaree Forever Energies Private Limited holds 100% share capital of each of these companies.
Future Operations
While the companies are registered on December 17, 2025, they are yet to commence their business operations. No further details regarding turnover or existing operations are available since these are newly formed entities.
Source: BSE
