The dividend record date
At its meeting on 29 August 2026, the board of Waaree Energies fixed Friday, 11 September 2026 as the record date for identifying members entitled to the final dividend for FY2025-26, subject to shareholder approval at the AGM. The 36th AGM is scheduled for 24 September 2026 via video conferencing. The dividend amount itself is not stated in this filing — only the record date and its dependence on AGM approval.
US upgrade and a domestic plant move
The board approved capital expenditure by wholly-owned subsidiary Waaree Solar Americas Inc. to replace the existing module lines at its Arizona plant with new high-efficiency lines. Per the filing, this lifts Arizona capacity to 1.6 GW and takes aggregate US manufacturing capacity to 4.8 GW, split between Texas and Arizona. The spend will be funded through a mix of debt and internal accruals.
Domestically, the board approved consolidating manufacturing by relocating plant and machinery from the Tumb and Nandigram facilities to the existing Chikhli, Gujarat site, citing operational efficiency, with closure targeted on or before 31 December 2026. The company noted the affected unit contributed about 14% of standalone turnover in the last financial year — which is why the move matters beyond a routine reshuffle.
Board changes
The board appointed Ms. Mona Bhide as an Additional Non-Executive Independent Director for a five-year term from 30 August 2026, subject to shareholder approval. Ms. Richa Goyal ceased to be an Independent Director from the close of business on 29 August 2026 on completion of her first five-year term. The audit committee was reconstituted accordingly.