Waaree Energies Rises on Subsidiary’s Eppeltone Engineers Stake Acquisition

Waaree Energies shares registered a marginal uptick following a strategic acquisition by its step-down subsidiary. The stock traded up by 0.16% on the BSE, reflecting the market’s immediate reaction to the corporate development.

• The scrip closed at Rs 2707.75, an increase of 4.20 points from its prior closing of Rs 2703.55.
• Shares opened at Rs 2725.00, reaching a high of Rs 2725.00 and a low of Rs 2693.60 during the day.
• A total of 6723 shares were traded on the counter.

The acquisition involved Waaree Smart Meters, a step-down arm of Waaree Energies, securing a 24.21% equity share capital in Eppeltone Engineers. This off-market transaction was finalised on August 07, 2026, with an approximate cost of Rs 21.78 crore.

Eppeltone Engineers, established in 1977, specialises in the manufacturing of electronic energy meters, including smart meters, and various power conditioning devices. This aligns with the broader energy sector’s push towards smart grid solutions.

Waaree Energies’ primary business operations encompass the manufacture of solar photo-voltaic modules, the development of solar projects, and the sale of electricity. The company’s strategic moves often reflect its positioning within the renewable energy landscape.

• The stock has a face value of Rs 10.
• Its 52-week high was Rs 3864.40 on September 12, 2025, and its 52-week low was Rs 2402.00 on January 21, 2026.
• The scrip’s last one-week high and low stood at Rs 2730.00 and Rs 2657.00, respectively.
• The current market capitalisation of Waaree Energies is Rs 77507.65 crore.

The shareholding structure of Waaree Energies shows promoters holding 64.12% of the company. Institutions collectively held 12.65%, while Non-Institutions accounted for the remaining 23.23%.

This stake acquisition by Waaree Smart Meters underscores Waaree Energies’ ongoing efforts to expand its footprint in the electronic energy meter and smart meter manufacturing segment. The move positions the company to potentially leverage synergies within its existing solar and energy solution offerings.