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On April 29, the board of the company approved raising of up to Rs 10,000 crore through the issuance of equity shares, non-convertible debentures, along with warrants, any other eligible securities convertible into equity shares of the company, or any combination (collectively, securities) on Qualified Institutional Placement.
According to a regulatory filing, the company got shareholders’ approval to raise capital through a qualified institutions placement.
The shareholders also approved the appointment of Jignesh Devchandbhai Rathod as a Whole-Time Director & CEO of the company.
“…the resolutions as proposed in the postal ballot notice dated May 14, 2026, have been passed by the shareholders by remote e-voting process with requisite majority, on Saturday, June 13, 2026 (last date of remote e-voting),” it stated.
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https://economictimes.indiatimes.com/markets/stocks/news/waaree-energies-gets-shareholders-nod-to-raise-up-to-rs-10000-cr-via-qip/articleshow/131747779.cms
