Waaree Energies Limited announced the incorporation of its step-down subsidiary, Hydro Bloom Energy Private Limited, on December 18, 2025. This new entity is wholly owned by Waaree Forever Energies Private Limited, which is itself a wholly-owned subsidiary of Waaree Energies Ltd. Hydro Bloom Energy Private Limited has been incorporated in India and registered with the Registrar of Companies, Mumbai. The company is established for the sole purpose of facilitating and holding specific power projects under the Independent Power Producer (IPP) framework. As it is newly incorporated, it has no turnover or business operations to date. The acquisition does not fall under related party transactions, and no promoter or promoter group companies have any interest in the entity. No governmental or regulatory approvals are required, and there is no indicative timeline for completion or any consideration involved as it is a wholly-owned subsidiary. Waaree Forever Energies Private Limited holds 100% of the share capital in Hydro Bloom Energy Private Limited.