Waaree Energies cancels Kamath Transformers acquisition after failure to finalize deal terms within agreed timelines.

• Deal announced in May 2025 aimed at a full cash-based acquisition for strategic expansion in transformer manufacturing.
• Kamath reported strong revenue growth from ₹25.73 crore in FY22 to ₹122.68 crore in FY24.
• Waaree remains focused on solar solutions; posted 34% profit growth and 36% sales rise in Q4 FY25.