News ArticleWaaree Energies Acquires One-Third Stake in Wictor Sealz and Plans ₹5 Crore Follow-up Investment
The acquisition aims to reduce dependence on imported solar module sealants and is expected to complete in financial year 2026-27
Waaree Energies Limited approved acquisition of 33.34% equity in Wictor Sealz Private Limited from Vimac Impex Private Limited with an initial purchase consideration of ₹33,340 and a planned further ₹5 crore investment to enhance supply chain integration for solar module sealants during fiscal year 2026-27.
Waaree Energies Limited
Acquisition / Amalgamation / Merger / Demerger
Waaree Energies Limited’s Board approved the acquisition of 33.34% equity shares in Wictor Sealz Private Limited from Vimac Impex Private Limited, including a planned additional investment of ₹5 crore to strengthen supply chain integration in solar module sealants.
The acquisition involves purchasing 3,334 equity shares at a face value of ₹10 each, totaling ₹33,340 in cash consideration.
Wictor Sealz Private Limited, incorporated on January 5, 2026, operates in the solar module sealants and specialty chemicals manufacturing industry but has not yet commenced commercial operations.
This strategic investment aims to reduce Waaree Energies' reliance on imported solar module sealants, enhance supply security, and create long-term value for stakeholders.
No governmental or regulatory approvals are required for this acquisition, which is expected to be completed within the financial year 2026-27.
The transaction is not a related party deal and Wictor Sealz is unrelated to Waaree Energies' promoters or their group companies.
Highlights
- Acquisition of 33.34% equity stake in Wictor Sealz Private Limited from Vimac Impex Private Limited.
- Initial share purchase consideration of ₹33,340 for 3,334 shares at ₹10 face value each.
- Planned further investment of ₹5 crore in Wictor Sealz with a long-stop date of March 31, 2027.
- Wictor Sealz operates in solar module sealants manufacturing and is recently incorporated (January 2026).
- No regulatory approvals needed and transaction is outside promoter group interests.
Key Data Snapshot
What happened
- Waaree Energies approved acquiring 33.34% equity stake in Wictor Sealz Private Limited from Vimac Impex Private Limited.
- The transaction includes an initial cash payment for shares and a planned further investment of ₹5 crore.
- The acquisition aligns with the company’s goal to strengthen supply chain and reduce dependency on imports for solar module sealants.
Key details
- Wictor Sealz specializes in manufacturing solar module sealants and specialty chemicals.
- The company was incorporated in India on January 5, 2026 and has yet to commence business operations.
- No governmental or regulatory approvals are required for this acquisition.
- The acquisition is not a related party transaction and Wictor Sealz is unaffiliated with Waaree Energies promoters.
Transaction details
- The acquisition involves purchase of 3,334 equity shares at ₹10 face value each, totaling ₹33,340.
- Waaree Energies will execute a Share Purchase-cum-Shareholders’ Agreement with Vimac Impex and Wictor Sealz.
- Further investment of ₹5 crore in Wictor Sealz is planned with a deadline of March 31, 2027 for completion.
Highlights
- Acquisition of 33.34% equity stake in Wictor Sealz Private Limited from Vimac Impex Private Limited.
- Initial share purchase consideration of ₹33,340 for 3,334 shares at ₹10 face value each.
- Planned further investment of ₹5 crore in Wictor Sealz with a long-stop date of March 31, 2027.
- Wictor Sealz operates in solar module sealants manufacturing and is recently incorporated (January 2026).
- No regulatory approvals needed and transaction is outside promoter group interests.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Not a related party transaction; Wictor Sealz not related to promoters or promoter group of Waaree Energies.
None
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