Waaree Energies received board approval to acquire a 33.34% stake in Wictor Sealz. The company board cleared the proposal during its meeting on October 31, 2026. This acquisition will take place through a share purchase and shareholders agreement involving the firm, Wictor Sealz, and the seller, Vimac Impex.
The company plans to complete this acquisition within the 2026-27 financial year. Following the purchase, Waaree Energies will invest an additional ₹5 crore into Wictor Sealz. The firm stated this investment aims to strengthen its supply chain integration and reduce reliance on imported solar module sealants. It also expects the move to enhance supply security and create long-term strategic value for its stakeholders.
Waaree Energies operates primarily in the manufacturing of solar photo-voltaic modules. Its business activities also include setting up projects within the solar space and the sale of electricity. The agreement involves the company, Wictor Sealz, and Vimac Impex as the primary parties. The board of directors considered and approved the transaction at its meeting held on October 31, 2026, to facilitate these strategic objectives.
Based on company and agency reports. For information only; not investment advice.