As of March 2025, 67.86% is owned by Indian Promoters and 32.14% by Public.

Top five Promoters holding highest number of shares of Waa Solar company are Madhav Power Private Limited (70.19 lakhs shares / 52.90%), Armaan Amit Trust (In The Name Of Trustee Ashok M. Khurana) (14.90 lakhs shares / 11.23%), Amit Ashok Khurana (4.74 lakhs shares / 3.58%), Madhav Ashok Trust (In The Name Of Trustee Ashok M. Khurana) (10152 shares / 0.08%) and Ashok Madhavdas Khurana (8908 shares / 0.07%).

Out of 90.03 lakhs shares, Promoters of Waa Solar Company has over 67.66 lakhs (75.15%) shares on pledge as of March 31, 2025.