Description

Waaree Energies Ltd. clarifies a news article regarding its ₹8,175 crore battery giga-factory in Andhra Pradesh, confirming board-approved capacity expansion from 3.5 GWh to 20 GWh for its subsidiary, originally disclosed on October 1, 2025.

Summary

Waaree Energies Ltd. (BSE: 544277 / NSE: WAAREEENER) has filed a clarification under Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in response to a news article published in The Hindu on February 19, 2026, titled “Andhra secures Waaree Energies’ battery giga-factory with ₹8,175 crore investment.” The company confirms that the capacity expansion referenced in the article was already disclosed to stock exchanges on October 1, 2025, and reiterates that no Unpublished Price Sensitive Information (UPSI) is pending disclosure.

Key Points

  • Clarification filed under Regulation 30(11) of SEBI LODR 2015 in response to a BSE/NSE email and a news article dated February 19, 2026.
  • The Board of Directors approved, on October 1, 2025, an increase in manufacturing capacity of Lithium-Ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS) from 3.5 GWh to 20 GWh.
  • Additional capital expenditure of approximately ₹8,000 crores was approved for the wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited.
  • The company is currently in discussions with the Government of Andhra Pradesh and certain other state governments for setting up a proposed greenfield manufacturing facility.
  • The company asserts that the share price movement is market-driven and no UPSI remains undisclosed.
  • Compliance officer: Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer (M.No. A34629).

Regulatory Changes

No new regulatory changes introduced. This circular is a compliance response under Regulation 30(11) of SEBI LODR 2015, which mandates listed companies to clarify news reports that may have a bearing on their share price.

Compliance Requirements

  • The company has confirmed ongoing compliance with Regulation 30 of SEBI LODR 2015.
  • Stock exchanges (BSE and NSE) are requested to take the clarification on record.
  • The company commits to informing stock exchanges of any material developments regarding the greenfield facility.

Important Dates

  • October 1, 2025: Board approval for capacity expansion from 3.5 GWh to 20 GWh and ₹8,000 crore additional capex; original disclosure to stock exchanges.
  • February 19, 2026: The Hindu news article published; BSE/NSE email sent to company requesting clarification.
  • February 19, 2026: Date of this clarification letter.
  • February 20, 2026: BSE circular date.

Impact Assessment

The clarification does not introduce materially new information beyond what was already disclosed in October 2025. However, it does confirm that active site selection discussions are underway with the Andhra Pradesh government, which may provide incremental market confidence regarding the timeline for the 20 GWh BESS manufacturing expansion. The ₹8,000 crore capex in a wholly owned subsidiary (Waaree Energy Storage Solutions Private Limited) is a substantial long-term investment that could strengthen Waaree’s position in India’s growing energy storage market. No immediate trading or compliance action is required by market participants.

Impact Justification

Clarification references a previously disclosed board decision (Oct 1, 2025) on a significant ₹8,000 crore capex expansion. No new price-sensitive information is introduced, but the Andhra Pradesh site selection discussions add incremental context to a material capacity expansion.