Waaree Renewable Technologies Limited announced that its Board of Directors has approved the transfer of its entire shareholding in its wholly-owned subsidiary, Waaree Green Data Centers Private Limited (formerly Sunsantional Energy Private Limited), to its holding company, Waaree Energies Limited. This transaction is considered a related party transaction and is being conducted on an arm’s length basis. The Board also approved the company’s board report for FY 2025-26 and the notice for the 27th Annual General Meeting.
Board Approves Key Restructuring Move
In a strategic move to streamline its corporate structure, the Board of Directors of Waaree Renewable Technologies Limited has officially approved the transfer of its entire shareholding in its wholly-owned subsidiary, Waaree Green Data Centers Private Limited. This entity was formerly known as Sunsantional Energy Private Limited. The transfer will be executed in favor of the company’s holding entity, Waaree Energies Limited.
Transaction Details and Related Party Nature
The company confirmed that this significant transaction is being undertaken on an arm’s length basis and falls within the ordinary course of business. It has been classified as a related party transaction. The general terms and conditions for this exercise are detailed in Annexure A of the disclosure. The agreement for this sale is expected to be entered into on or before October 31, 2026, with the completion of the sale/disposal anticipated on the same date. The consideration for this transfer is set at Rs. 1,00,000/-, with the shares being sold at a face value of Rs. 10 per share.
Financial and AGM Matters
Beyond the subsidiary transfer, the Board also gave its approval for the company’s Board’s report, including its annexures, for the Financial Year 2025-26. Additionally, the Board considered, decided upon, and approved the notice for the 27th Annual General Meeting (AGM), which is scheduled to be held on Wednesday, September 23, 2026. The company’s contribution to turnover and net worth from Waaree Green Data Centers Private Limited for the Financial Year 2025-26 was deemed Nil/Negligible.
Meeting Concluded
The Board Meeting commenced at 4:59 p.m. and concluded at 5:30 p.m. on Thursday, August 27, 2026.
Source: BSE
