Integrated Filing — IndAS



General information about company

Scrip Code 544277
NSE Symbol WAAREEENER
MSEI Symbol NOTLISTED
ISIN INE377N01017
Name of company Waaree Energies Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing of Solar Modules
Start date and time of board meeting 29-04-2026   15:00:00
End date and time of board meeting 29-04-2026   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 24-03-2026
Indicate Company website link for updated RPT policy of the Company https://www.waaree.com/investor/policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default on Loans and no debt Securities applicable to the company



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 6,74,780.00 20,99,051.00
Other income 23,045.00 1,38,707.00
Total income 6,97,825.00 22,37,758.00
2 Expenses
(a) Cost of materials consumed 4,81,818.00 13,75,838.00
(b) Purchases of stock-in-trade 30,305.00 59,351.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (34,507.00) (99,516.00)
(d) Employee benefit expense 7,622.00 33,474.00
(e) Finance costs 3,115.00 19,860.00
(f) Depreciation, depletion and amortisation expense 19,878.00 70,672.00
(f) Other Expenses
1 Other Manufacturing and engineering, procurement and construction(EPC) Projrect Expenses 31,196.00 91,314.00
2 Sales admin and other expense 37,465.00 1,60,477.00
Total other expenses 68,661.00 2,51,791.00
Total expenses 5,76,892.00 17,11,470.00
3 Total profit before exceptional items and tax 1,20,933.00 5,26,288.00
4 Exceptional items 0.00 (29,478.00)
5 Total profit before tax 1,20,933.00 4,96,810.00
6 Tax expense
7 Current tax 23,605.00 1,11,083.00
8 Deferred tax 3,972.00 9,481.00
9 Total tax expenses 27,577.00 1,20,564.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 93,356.00 3,76,246.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 93,356.00 3,76,246.00
17 Other comprehensive income net of taxes 48.00 (8.00)
18 Total Comprehensive Income for the period 93,404.00 3,76,238.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 28,765.00 28,765.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 12,84,201.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 32.45 130.88
Diluted earnings (loss) per share from continuing operations 32.42 130.62
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 32.45 130.88
Diluted earnings (loss) per share from continuing and discontinued operations 32.42 130.62
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 4,11,931.00
Capital work-in-progress 70,142.00
Investment property 17,606.00
Goodwill 0.00
Other intangible assets 377.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 2,81,234.00
Trade receivables, non-current 0.00
Loans, non-current 4,14,463.00
Other non-current financial assets
1 Security deposit 1,567.00
2 Other financial asset 1,868.00
Total of other non-current financial assets 3,435.00
Total non-current financial assets 6,99,132.00
Deferred tax assets (net)
Other non-current assets
1 Income tax asset 7,370.00
2 Other non-current assets 5,803.00
Total of other non-current assets 13,173.00
Total non-current assets 12,12,361.00
2 Current assets
Inventories 3,93,410.00
Current financial asset
Current investments 1,348.00
Trade receivables, current 1,92,963.00
Cash and cash equivalents 18,782.00
Bank balance other than cash and cash equivalents 3,88,876.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 1,05,151.00
Total current financial assets 7,07,120.00
Current tax assets (net) 0.00
Other current assets
Total of other current assets
Total current assets 11,00,530.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 23,12,891.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 28,765.00
Other equity 12,84,201.00
Total equity attributable to owners of parent 13,12,966.00
Non controlling interest
Total equity 13,12,966.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 24,463.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 17,483.00
Total of other non-current financial liabilities 17,483.00
Total non-current financial liabilities 41,946.00
Provisions, non-current 23,120.00
Deferred tax liabilities (net) 8,734.00
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 31,626.00
Total of other non-current liabilities 31,626.00
Total non-current liabilities 1,05,426.00
Current liabilities
Current financial liabilities
Borrowings, current 1,57,561.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 8,567.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,23,026.00
Total Trade payable 2,31,593.00
Other current financial liabilities
1 Lease liabilities 1,969.00
2 Supplier's Credit/ Letter of Credit-acceptances 44,644.00
3 Other financial liabilities 51,571.00
Total of other current financial liabilities 98,184.00
Total current financial liabilities 4,87,338.00
Other current liabilities 3,54,687.00
1 Other current liabilities 3,54,687.00
Total of other current liabilities 3,54,687.00
Provisions, current 28,168.00
Current tax liabilities (Net) 24,306.00
Deferred government grants, Current
Total current liabilities 8,94,499.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 9,99,925.00
Total equity and liabilites 23,12,891.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the net defined benefit liability / asset 64.00 (10.00)
Total Amount of items that will not be reclassified to profit and loss 64.00 (10.00)
2 Income tax relating to items that will not be reclassified to profit or loss 16.00 (2.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 48.00 (8.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,96,810.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories (1,62,712.00)
Adjustments for decrease (increase) in trade receivables, current (1,27,380.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (844.00)
Adjustments for other financial assets, current (22,552.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 60,532.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 13,459.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 70,672.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 17,247.00
Adjustments for provisions, non-current 9,372.00
Adjustments for other financial liabilities, current (67,396.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 676.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 1,485.00
Adjustments for fair value losses (gains) (77.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (1,11,609.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (3,19,127.00)
Net cash flows from (used in) operations 1,77,683.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,07,194.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 70,489.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 53,203.00
Cash flows used in obtaining control of subsidiaries or other businesses 2,59,821.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 474.00
Purchase of property, plant and equipment 89,778.00
Proceeds from sales of investment property 3,44,219.00
Purchase of investment property 3,42,842.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 3,23,635.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 2,80,141.00
Cash receipts from repayment of advances and loans made to other parties 67,213.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 47,811.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (1,36,027.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 267.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 6,25,652.00
Repayments of borrowings 5,47,864.00
Payments of lease liabilities 4,574.00
Dividends paid 7,521.00
Interest paid 14,951.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 51,009.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (14,529.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 1,060.00
Net increase (decrease) in cash and cash equivalents (13,469.00)
Cash and cash equivalents cash flow statement at beginning of period 32,251.00
Cash and cash equivalents cash flow statement at end of period 18,782.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 SRBC & CO LLP Yes 28-02-2029


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 28-10-2024
Amount Raised 3,60,000.00
Report filed for Quarter ended 31-03-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE EDGE RATINGS
Is there a Deviation / Variation in use of funds raised Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Yes
If Yes, Date of shareholder Approval 01-08-2025
Explanation for the Deviation / Variation Change in Project Location from Orissa to Gujrat and Maharashtra
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Project location as mentioned in Prospectus was Orissa Project location changed from Orissa to Gujrat and Maharashtra 9,04,995.00 9,04,958.00 22,278.00 0.00


Signatory Details

Name of signatory Rajesh Ghanshyam Gaur
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 29-04-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Sale of goods or services 2,00,000.00 Not Applicable 67,044.00 1,012.00 47,537.00
2 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Purchase of goods or services 50,000.00 Not Applicable 4,628.00 9,076.00 (353.00)
3 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Any other transaction Reimbursement of Expenses 300.00 Not Applicable 25.00 9,076.00 (353.00)
4 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Inter-corporate deposit 10,000.00 Not Applicable 8,800.00 0.00 6,161.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(1)
5 Waaree Energies Limited Waaree Green Aluminium Private Limited (formerly Blue Rays Solar Private Limited) Subsidiary Inter-corporate deposit 5,000.00 Not Applicable 225.00 198.00 27.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(2)
6 Waaree Energies Limited Waaree Solar Americas Inc Subsidiary Sale of goods or services 30,000.00 Not Applicable 19,663.00 7,304.00 19,899.00
7 Waaree Energies Limited Waaree Solar Americas Inc Subsidiary Purchase of goods or services 35,000.00 Not Applicable 485.00 (313.00) (122.00)
8 Waaree Energies Limited Waaree Solar Americas Inc Subsidiary Inter-corporate deposit 303.00 Not Applicable 0.00 887.00 887.00 Textual Information(3)
9 Waaree Energies Limited IndoSolar Limited Subsidiary Sale of goods or services 50,000.00 Not Applicable 727.00 1,642.00 280.00
10 Waaree Energies Limited IndoSolar Limited Subsidiary Purchase of goods or services 55,000.00 Not Applicable 25,926.00 6,510.00 21,241.00
11 Waaree Energies Limited IndoSolar Limited Subsidiary Inter-corporate deposit 5,000.00 Not Applicable 20.00 0.00 0.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(4)
12 Waaree Energies Limited Waaneep Solar One Private Limited Subsidiary Inter-corporate deposit 10,000.00 Not Applicable 1,625.00 2,580.00 4,375.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(5)
13 Waaree Energies Limited Sangam Solar One Private Limited Subsidiary Sale of goods or services 45,000.00 Not Applicable 28,259.00 2,598.00 32,234.00
14 Waaree Energies Limited Sangam Solar One Private Limited Subsidiary Purchase of goods or services 60,000.00 Not Applicable 41,507.00 38.00 722.00
15 Waaree Energies Limited Waaree Energy Storage Solutions Pvt Ltd (formerly known as Sangam Solar Two Pvt Ltd) Subsidiary Purchase of goods or services 1,000.00 Not Applicable 0.00 16.00 16.00
16 Waaree Energies Limited Waaree Forever Energies Private Limited (formerly known as Sangam Solar Four Pvt Ltd) Subsidiary Any other transaction Reimbursement of Expenses 100.00 Not Applicable 15.00 29.00 0.00
17 Waaree Energies Limited Waaree Power Private Limited Subsidiary Inter-corporate deposit 10,000.00 Not Applicable 0.00 5,126.00 312.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(6)
18 Waaree Energies Limited Waaree India Foundation Subsidiary Any other transaction Donation 8,000.00 Not Applicable 668.00 0.00 0.00
19 Waaree Energies Limited Waaree Technologies Limited Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Sale of goods or services 500.00 Not Applicable 41.00 (3.00) (1.00)
20 Waaree Energies Limited Waaree Technologies Limited Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Purchase of goods or services 500.00 Not Applicable 3.00 0.00 3.00
21 Waaree Energies Limited Waaree Technologies Limited Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Inter-corporate deposit 400.00 Not Applicable 0.00 420.00 436.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(7)
22 Waaree Energies Limited Waaree Upcycle Private Limited (Waa Motors and Pumps Private Limited) Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Sale of goods or services 500.00 Not Applicable 0.00 (29.00) (41.00)
23 Waaree Energies Limited Waaree Upcycle Private Limited (Waa Motors and Pumps Private Limited) Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Purchase of goods or services 50.00 Not Applicable 0.00 (1.00) 0.00
24 Waaree Energies Limited Shri Chimanlal Tribhuvandas Doshi Family Charitable Trust Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Sale of goods or services 14.00 Not Applicable 7.00 0.00 0.00
25 Waaree Energies Limited ITEC Measures Private Limited Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Purchase of goods or services 50.00 Not Applicable 1.00 0.00 0.00
26 Waaree Energies Limited Sangam Solar One Private Limited Subsidiary Inter-corporate deposit 3,83,529.00 Not Applicable 36,768.00 1,42,364.00 1,79,324.00 Inter-corporate deposit 10.0 5 Unsecured Business
27 Waaree Energies Limited Sangam Solar One Private Limited Subsidiary Investment 3,83,529.00 Not Applicable 1,52,500.00 0.00 1,52,500.00 Textual Information(8)
28 Waaree Energies Limited Sangam Solar One Private Limited Subsidiary Investment 3,83,529.00 Not Applicable 9,999.00 1.00 10,000.00 Textual Information(9)
29 Waaree Energies Limited Waaree Energy Storage Solutions Private Limited Subsidiary Inter-corporate deposit 1,40,000.00 Not Applicable 0.00 27,308.00 0.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(10)
30 Waaree Energies Limited Waaree Energy Storage Solutions Private Limited Subsidiary Investment 1,40,000.00 Not Applicable 15,000.00 30,001.00 45,001.00 Textual Information(11)
31 Waaree Energies Limited Waaree Forever Energies Private Limited Subsidiary Inter-corporate deposit 1,50,000.00 Not Applicable 44,232.00 47,463.00 94,227.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(12)
32 Waaree Energies Limited SGP Industrial Infrastructure Private Limited (formerly Waaree Renewables Private Limited) Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Purchase of goods or services 4,420.00 Not Applicable 0.00 28.00 28.00
33 Waaree Energies Limited Waaree Clean Energy Solutions Private Limited (formerly Sangam Solar Three Private Limited) Subsidiary Inter-corporate deposit 32,500.00 Not Applicable 7,576.00 18,018.00 26,568.00 Inter-corporate deposit 10.0 5 Unsecured Business Textual Information(13)
34 Waaree Energies Limited Waaree Power Private Limited Subsidiary Investment 6,000.00 Not Applicable 5,320.00 0.00 5,320.00 Textual Information(14)
35 Waaree Energies Limited Waaree Upcycle Private Limited (Formerly know as Waa Motors And Pumps Private Limited) Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Sale of goods or services 1,800.00 Not Applicable 233.00 29.00 41.00
36 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Any other transaction Lease Rent 308.00 Not Applicable 165.00 9,076.00 (353.00)
37 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Any other transaction Security Deposit 21.00 Not Applicable 0.00 21.00 21.00 Textual Information(15)
38 Waaree Energies Limited Sudarshan Aluminium India Limited Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Purchase of goods or services 40,000.00 Not Applicable 724.00 126.00 72.00
39 Waaree Energies Limited Sudarshan Aluminium India Limited Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Sale of goods or services 2,500.00 Not Applicable 124.00 0.00 1.00
40 Waaree Energies Limited Waaree Energies Middle East FZE Subsidiary Loan 5.00 Not Applicable 0.00 5.00 5.00 Textual Information(16)
41 Waaree Energies Limited Sperry Limited Promoter Group Company Purchase of goods or services 10,000.00 Not Applicable 737.00 0.00 348.00
42 Waaree Energies Limited Waaree Power Private Limited Subsidiary Any other transaction Sale of Fixed assets 20.00 Not Applicable 20.00 0.00 24.00
43 Waaree Energies Limited Waaree Power Private Limited Subsidiary Purchase of goods or services 20,000.00 Not Applicable 5,936.00 (2,361.00) 48.00
44 Waaree Energies Limited Waa Cables Private Limited Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Purchase of goods or services 8,500.00 Not Applicable 9.00 2.00 0.00
45 Waaree Energies Limited Waaree Clean Energy Solutions Private Limited (formerly Sangam Solar Three Private Limited) Subsidiary Purchase of goods or services 5,000.00 Not Applicable 399.00 107.00 184.00
46 Waaree Energies Limited Waaree Clean Energy Solutions Private Limited (formerly Sangam Solar Three Private Limited) Subsidiary Investment 17,500.00 Not Applicable 2,500.00 1.00 2,501.00 Textual Information(17)
47 Waaree Energies Limited Waaree Clean Energy Solutions Private Limited (formerly Sangam Solar Three Private Limited) Subsidiary Any other transaction Sale of Fixed assets 150.00 Not Applicable 126.00 0.00 126.00
48 Waaree Energies Limited Waaree Green Glass private Limited (formerly known as Impactgrid Renewables Private Limited) Subsidiary Inter-corporate deposit 20,000.00 Not Applicable 11,640.00 0.00 12,025.00 Textual Information(18)
49 Waaree Energies Limited Waaree Green Glass private Limited (formerly known as Impactgrid Renewables Private Limited) Subsidiary Investment 20,000.00 Not Applicable 8,300.00 0.00 8,301.00 Textual Information(19)
50 Waaree Energies Limited Waaree Green Glass private Limited (formerly known as Impactgrid Renewables Private Limited) Subsidiary Investment 1,36,500.00 Not Applicable 12,000.00 0.00 12,000.00 Textual Information(20)
51 Waaree Energies Limited Waaree Transpower Private Limited (formerly Kotsons Private Limited) Subsidiary Advance 200.00 Not Applicable 22.00 0.00 17.00 Textual Information(21)
52 Waaree Energies Limited Waaree Power Private Limited Subsidiary Sale of goods or services 1,500.00 Not Applicable 1.00 0.00 24.00
53 Waaree Energies Limited Waaree Power Private Limited Subsidiary Investment 5,000.00 Not Applicable 5,000.00 1.00 5,001.00 Textual Information(22)
54 Waaree Energies Limited Waaree Green Glass private Limited (formerly known as Impactgrid Renewables Private Limited) Subsidiary Investment 1.00 Not Applicable 1.00 0.00 8,301.00 Textual Information(23)
55 Waaree Energies Limited IndoSolar Limited Subsidiary Any other transaction Interest Income 0.00 Not Applicable 1.00 0.00 0.00
56 Waaree Energies Limited Sangam Solar One Private Limited Subsidiary Any other transaction Interest Income 0.00 Not Applicable 7,850.00 0.00 0.00
57 Waaree Energies Limited Waaree Energy Storage Solutions Pvt Ltd (formerly known as Sangam Solar Two Pvt Ltd) Subsidiary Any other transaction Interest Income 0.00 Not Applicable 720.00 0.00 0.00
58 Waaree Energies Limited Waaree Clean Energy Solutions Private Limited (formerly Sangam Solar Three Private Limited) Subsidiary Any other transaction Interest Income 0.00 Not Applicable 1,136.00 0.00 0.00
59 Waaree Energies Limited Waaree Forever Energies Private Limited (formerly known as Sangam Solar Four Pvt Ltd) Subsidiary Any other transaction Interest Income 0.00 Not Applicable 3,035.00 0.00 0.00
60 Waaree Energies Limited Waaneep Solar One Private Limited Subsidiary Any other transaction Interest Income 0.00 Not Applicable 192.00 0.00 0.00
61 Waaree Energies Limited Waaree Power Private Limited Subsidiary Any other transaction Interest Income 0.00 Not Applicable 219.00 0.00 0.00
62 Waaree Energies Limited Waaree Green Aluminium Private Limited (formerly Blue Rays Solar Private Limited) Subsidiary Any other transaction Interest Income 0.00 Not Applicable 5.00 0.00 0.00
63 Waaree Energies Limited Waaree Technologies Limited Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Any other transaction Interest Income 0.00 Not Applicable 20.00 0.00 0.00
64 Waaree Energies Limited Waaree Green Glass private Limited (formerly known as Impactgrid Renewables Private Limited) Subsidiary Any other transaction Interest Income 0.00 Not Applicable 427.00 0.00 0.00
65 Waaree Energies Limited Waaree Renewable Technologies Limited Subsidiary Any other transaction Interest Income 0.00 Not Applicable 179.00 0.00 0.00
66 Waaree Energies Limited Waaree Solar Americas Inc Subsidiary Any other transaction Interest Income 0.00 Not Applicable 39.00 0.00 0.00 Textual Information(24)
67 Waaree Energies Limited Waaree Energies Middle East FZE Subsidiary Any other transaction Interest Income 0.00 Not Applicable 0.00 0.00 0.00 Textual Information(25)
68 Waaree Energies Limited IndoSolar Limited Subsidiary Any other transaction Interest Income 0.00 Not Applicable 97.00 0.00 0.00
69 Waaree Energies Limited Waaree Green Aluminium Private Limited (formerly Blue Rays Solar Private Limited) Subsidiary Sale of goods or services 0.00 Not Applicable 0.00 106.00 106.00
70 Waaree Clean Energy Solutions Private Limited Waaree Energies Middle East FZE Fellow Subsidiary Purchase of fixed assets 0.00 Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 2,970.00 0.00 74.00
71 Waaree Clean Energy Solutions Private Limited Sangam Solar One Private Limited Fellow Subsidiary Purchase of fixed assets 0.00 Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 1,822.00 0.00 0.00
72 Waaree Clean Energy Solutions Private Limited Sangam Solar One Private Limited Fellow Subsidiary Sale of goods or services 0.00 Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 11,066.00 0.00 5,959.00
73 Waaree Clean Energy Solutions Private Limited Sangam Solar One Private Limited Fellow Subsidiary Purchase of goods or services 0.00 Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 110.00 0.00 130.00
74 Waaree Clean Energy Solutions Private Limited Itec Measures Pvt Ltd Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Purchase of goods or services 10.00 Not Applicable 1.00 0.00 0.00
75 Waaree Power Private limited WAAREE RENEWABLE TECHNOLOGIES LIMITED Fellow Subsidiary Sale of goods or services 7,000.00 Approved 2,165.00 0.00 308.00
76 Waaree Power Private limited SGP INDUSTRIAL INFRASTRUCTURE PRIVATE LIMITED Enterprises owned or significantly influenced by Key Management Personnel and / or their Relatives Purchase of fixed assets 1,921.00 Approved 0.00 1,921.00 0.00
77 Waaree Power Private limited Waaree Smart meter Private Limited Subsidiary Investment 5,320.00 Approved 5,320.00 0.00 5,320.00 Textual Information(26)
78 Sangam Solar One Private Limited ITEC MEASURES PVT LTD Enterprises owned or significantly influenced by� �Key Management Personnel and / or their Relatives Purchase of fixed assets 10.00 Approved 1.00 0.00 0.00
79 Sangam Solar One Private Limited Waaree Transpower Private Limited (formerly Kotsons Private Limited) Fellow Subsidiary Purchase of fixed assets 2,200.00 Approved 1,762.00 0.00 408.00
80 Sangam Solar One Private Limited Sperry Energy Dynamics Private Promoter Group Company Purchase of goods or services 6,000.00 Approved 290.00 0.00 0.00
81 Sangam Solar One Private Limited SUDARSHAN ALLUMINIUM INDIA LIMITED Fellow Subsidiary Purchase of goods or services 20,000.00 Approved 2,042.00 0.00 0.00
82 Waaree Energy Storage Solutions Private Limited Sgp Industrial Infrastructure Private Limited Common Control Advance 26,100.00 Approved 2,500.00 0.00 2,500.00
83 Waaree Energy Storage Solutions Private Limited Sgp Industrial Infrastructure Private Limited Common Control Purchase of fixed assets 26,100.00 Approved 0.00 11,400.00 0.00
84 Waaree Forever Energies Private Limited Waaneep Solar One Private Limited Fellow Subsidiary Inter-corporate deposit Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 0.00 1,303.00 1,303.00
85 Waaree Forever Energies Private Limited Green New Delhi Forever Energy Private Limited Step down subsidiary company Inter-corporate deposit Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 188.00 15.00 203.00
86 Waaree Forever Energies Private Limited Sunbreeze Ninth Cloud Private Limited Step down subsidiary company Inter-corporate deposit Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 333.00 0.00 333.00
87 Waaree Forever Energies Private Limited Waaneep Solar One Private Limited Fellow Subsidiary Any other transaction Lease Rental Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 19.00 0.00 0.00
88 Waaree Forever Energies Private Limited Green New Delhi Forever Energy Private Limited Step down subsidiary company Any other transaction Reimbursement of Expenses Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 5.00 0.00 0.00
89 Waaree Forever Energies Private Limited Waaree Renewables Technologies Ltd Fellow Subsidiary Any other transaction Reimbursement of Expenses 40.00 Not Applicable 0.00 27.00 0.00
90 Waaree Forever Energies Private Limited Waaree Renewables Technologies Ltd Fellow Subsidiary Purchase of goods or services 3,00,000.00 Not Applicable 6,023.00 0.00 (8,579.00)
91 Waaree Forever Energies Private Limited Solaris Horizon Energy Private Limited Step down subsidiary company Inter-corporate deposit Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 67.00 0.00 67.00
92 Waaree Forever Energies Private Limited Waaree Forever Energies Three Private Limited Step down subsidiary company Inter-corporate deposit Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 20.00 0.00 20.00
93 Waaree Forever Energies Private Limited Waaree Forever Energies Five Private Limited Step down subsidiary company Inter-corporate deposit Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 11.00 0.00 11.00
94 Waaree Green Aluminium Pvt. Ltd. SGP Industrial Infrastructure Private Limited Common Control Inter-corporate deposit 0.00 Not Applicable 0.00 1,295.00 0.00
95 Waaneep Solar One Private Limited Waaree Forever Energies Private Limited Fellow Subsidiary Inter-corporate deposit 0.00 Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 0.00 1,303.00 1,303.00
96 Waaneep Solar One Private Limited Waaree Forever Energies Private Limited Fellow Subsidiary Any other transaction Lease Rent 0.00 Since the transaction is between two Wholly Owned Subsidiary, Audit Committee Approval is not required as per Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015� 19.00 0.00 0.00
97 Waaree Green Aluminium Pvt. Ltd. SGP Industrial Infrastructure Private Limited Common Control Any other transaction Interest Income 0.00 Not Applicable 69.00 0.00 0.00
98 Waaree Forever Energies Private Limited Waaneep Solar One Private Limited Fellow Company Any other transaction Interest Income 0.00 Not Applicable 130.00 0.00 0.00
99 Waaree Forever Energies Private Limited Green New Delhi Forever Energy Private Limited Step down subsidiary company Any other transaction Interest Income 0.00 Not Applicable 5.00 0.00 0.00
100 Waaree Forever Energies Private Limited Sunbreeze Ninth Cloud Private Limited Step down subsidiary company Any other transaction Interest Income 0.00 Not Applicable 5.00 0.00 0.00
101 Waaree Forever Energies Private Limited Solaris Horizon Energy Private Limited Step down subsidiary company Any other transaction Interest Income 0.00 Not Applicable 0.00 0.00 0.00
102 Waaree Forever Energies Private Limited Waaree Forever Energies Three Private Limited Step down subsidiary company Any other transaction Interest Income 0.00 Not Applicable 0.00 0.00 0.00
103 Waaree Forever Energies Private Limited Waaree Forever Energies Five Private Limited Step down subsidiary company Any other transaction Interest Income 0.00 Not Applicable 0.00 0.00 0.00
Total value of transaction during the reporting period 5,69,864.00



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Textual Information(3) Amount in USD
Textual Information(4) Loan include accured interest
Textual Information(5) Loan Including Accrued interest amount
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Textual Information(8) 0.001% OCRPS
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Textual Information(10) Loan include accrued interest
Textual Information(11) Call money on Equiry Share Capital
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Textual Information(14) 0.001% OCRPS
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Textual Information(19) Investment in Eq Shares
Textual Information(20) Investment in 0.001% OCRPS
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Textual Information(26) Investment in Equity Shares