Waaree Energies Arm Incorporates Two Step-Down Subsidiaries in the Power Generation Segment

Waaree Energies Limited has informed stock exchanges about the formation of two new step-down subsidiary companies. 

The move follows regulatory disclosure requirements and is aimed at supporting specific power generation projects. 

The newly incorporated entities will operate within the independent power producer framework and are currently at a pre-operational stage.

Details of the New Subsidiaries

Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies, has incorporated two new companies: Zephyr Green Power Private Limited and Jal Surya Power Private Limited. 

Both entities were incorporated on 18 December 2025 and are fully owned by Waaree Forever Energies.

Purpose of Incorporation

The newly formed companies have been set up to facilitate and hold specific power generation projects. 

Their structure aligns with the independent power producer model, which allows dedicated entities to manage individual projects within the broader renewable energy portfolio.

Regulatory and Compliance Aspects

Waaree Energies made the disclosure in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company stated that the incorporation does not fall under related party transactions and does not require any additional regulatory approvals at this stage.

Shareholding Structure

Waaree Forever Energies Private Limited holds 100 per cent of the share capital in both Zephyr Green Power Private Limited and Jal Surya Power Private Limited. 

As newly incorporated companies, they have not yet recorded any turnover and are yet to commence business operations.

Waaree Energies Share Price Performance

Waaree Energies shares were trading higher in morning deals. The stock was priced at around ₹2,955.20, up by approximately 2.7% from the previous close of ₹2,878.50. During the session, the share price moved between ₹2,912.10 and ₹2,978.00.

Read More: Waaree Energies Arm Waaree Forever Energies Establishes Three Wholly Owned Subsidiaries for Power Projects.

Conclusion

The incorporation of the two step-down subsidiaries reflects Waaree Energies’ project-focused approach to expanding its presence in power generation.

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