Waaree Energies Shares Decline 4% After Income Tax Department Begins Investigation

Waaree Energies Ltd reported that officials from the Income Tax Department visited several of its offices and facilities on Tuesday to carry out an investigation under the Income Tax Act, 1961. 

The company stated that it is cooperating with authorities as the proceedings continue. The update was disclosed through an exchange filing.

Waaree Energies’ Statement on Ongoing Investigation

In its submission under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, Waaree Energies noted that the tax authorities conducted visits to some of its locations as part of an active inquiry.

The company confirmed that the process is currently in progress and assured that it is providing full assistance to the officials involved.

Disclosure and Availability of Information

Waaree Energies further indicated that the details of the development have been published on its corporate website for public access. 

The disclosure aims to keep shareholders informed in line with regulatory requirements.

Waaree Energies Share Price Performance 

Waaree Energies’ share price was trading at ₹3,158.00, marking a decline of ₹123.90 or 3.78% in early market hours. The stock opened significantly lower at ₹3,098.10 compared with the previous close of ₹3,281.90. During the session, it moved between a low of ₹3,075.10 and a high of ₹3,165.00,

Read More: Tata Power to Boost Green Energy Additions 6 Fold in H2 FY26.

Conclusion

With the investigation underway, Waaree Energies has emphasised its cooperation with the authorities. Investors will monitor further updates as the inquiry progresses.

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