Waaree Energies’ step-down subsidiary -- Waaree Smart Meters has acquired 24.21% of the equity share capital of Eppeltone Engineers pursuant to an off-market transaction on August 07, 2026. Eppeltone Engineers established in the year 1977, specializes in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices. Cost of acquisition is approximately Rs 21.78 crore.
Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.
