Waaree Energies Acquires 24.21% Stake in Eppeltone Engineers for ₹21.78 Crore
Waaree Energies Limited's subsidiary acquired 24.21% of Eppeltone Engineers Limited for ₹21.78 crore. Eppeltone Engineers specializes in smart meters and power conditioning devices. The acquisition aims to enhance Waaree's presence in the energy value chain.
The acquisition of a 24.21% stake in Eppeltone Engineers for ₹21.78 crore is a significant but not a transformative event for a company of Waaree Energies' scale. It strategically enhances their product portfolio and market presence.
The acquisition of a strategic stake in a company specializing in smart meters is a positive development for Waaree Energies, strengthening its position in the energy value chain.
Waaree Energies Limited announced that its step-down subsidiary, Waaree Smart Meters Private Limited, has acquired a 24.21% equity share capital of Eppeltone Engineers Limited on August 07, 2026, through an off-market transaction. Eppeltone Engineers Limited, established in 1977 and specializing in the manufacturing of electronic energy meters, including smart meters, and various power conditioning devices, was acquired for a cash consideration of approximately ₹21.78 crore.
This acquisition is aimed at strengthening Waaree Energies' presence across the energy value chain by integrating smart meter capabilities. The transaction is not a related party transaction. Eppeltone Engineers Limited, incorporated on September 18, 2002, with its registered office in Delhi, reported a turnover of ₹78.45 crore in FY 2023-24, ₹124.33 crore in FY 2024-25, and ₹134.74 crore in FY 2025-26.
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Waaree Energies Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Waaree Energies Limited. Read the original for the full detail.