Credit Rating- Others

Execution with Pace & Comfort July 10, 2026 To To The Manager The Manager BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East) Mumbai-400001 Mumbai - 400 051 Scrip Code: 534618 Scrip Symbol: WAAREERTL Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 – Withdrawal of Credit Rating Dear Sir/Madam, Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that India Ratings & Research Private Limited ("India Ratings") has withdrawn the credit rating assigned to the Company's bank loan facilities upon repayment. The details are as follows: Facilities Amount (in Millions) Rating Rating Action Bank Loan Facilities INR 258.00/- WD Withdrawn The letter dated July 10, 2026, issued by India Ratings & Research Private Limited regarding withdrawal of the aforesaid credit rating is enclosed herewith. Further, the detailed credit rating rational shall be accessible on the following link: https://www.indiaratings.co.in/pressrelease/84109 The final rating letter as enclosed was received by the Company on July 10, 2026, at 12:23 p.m. Please take the same on your records and suitably disseminate to all concerned. Thanking you, Yours faithfully, For Waaree Renewable Technologies Limited Heema Shah Company Secretary ACS 52919 Email Id: info@waareertl.com Enclosed: As above Waaree Renewable Technologies Limited (A subsidiary of Waaree Energies Limited) 504, Western Edge-1, Off. Western Express Highway, Tel.: +91 22 6644 4444 CIN : L93000MH1999PLC120470 Borivali (E), Mumbai 400 066. Maharashtra INDIA E : info@waareertl.com GST: 27AADCS 1824J2ZB W : www.waareertl.com Fitch Group India Ratings &Researcn A Fitch Group Company Mr. Manmohan Sharma Chief Financial Officer Waaree Renewable Technologies Limited 504, Western Edge-I, Opp. Western Express Highway, Borivali (E), Mumbai – 400066 July 10, 2026 Dear Sir/Madam, Re: Rating Letter for Withdrawal of Waaree Renewable Technologies Limited India Ratings and Research (Ind-Ra) has withdrawn the rating on Waaree Renewable Technologies Limited’s (WRTL) bank loan facilities as follows: Instrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (INR million) Rating Assigned with Outlook/Watch Rating Action Bank loan facilities - - - INR258 WD Withdrawn As part of the rating process, India Ratings relies on factual information it receives from issuers and underwriters and from other sources India Ratings believes to be credible. India Ratings conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security. The manner of India Ratings factual investigation and the scope of the third-party verification it obtains varies depending on the nature of the rated security and its issuer, the requirements and practices in India where the rated security is offered and sold, the availability and nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third parties, the availability of independent and competent third-party verification sources with respect to the particular security or in the particular jurisdiction of the issuer, and a variety of other factors. Users of India Ratings’ ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information India Ratings relies on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers are responsible for the accuracy of the information they provide to India Ratings and to the market in offering documents and other reports. In issuing its ratings, India Ratings relies on the work of experts, including independent auditors with respect to financial statements and attorneys with respect to legal and tax matters. Further, ratings are inherently forward-looking and embody assumptions and predictions about future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings can be affected by future events or conditions that were not anticipated at the time the rating was issued or affirmed. India Ratings seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on its website of its criteria and methodologies for securities of a given type. The criteria and methodology used to determine a rating action (including for withdrawal of ratings) are those in effect at the time the rating action is taken, which for public ratings is the date of the related rating action commentary. Each rating action commentary provides information about the criteria and methodology used to arrive at the stated rating, which may differ from the general criteria and methodology for the applicable security type posted on the website at a given time. For this reason, you should always consult the applicable rating action commentary for the most accurate information on the basis of any given public rating. Ratings are based on established criteria and methodologies that India Ratings continuously evaluates and updates. Therefore, ratings are the collective work product of India Ratings and no individual, or group of individuals, is solely responsible for a rating. All India Ratings reports have shared authorship. Individuals identified in an India Ratings report were involved in, but are not solely responsible for, the opinions stated therein. The individuals are named for contact purposes only. Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. Ratings do not comment on the adequacy of market price, the suitability of any investment, loan or security for a particular investor (including without limitation, any accounting and/or regulatory treatment), or the tax-exempt nature or taxability of payments made in respect of any investment, loan or security. India Ratings is not your advisor, nor is India Ratings providing to you or any other party any financial advice, or any legal, auditing, accounting, appraisal, valuation or actuarial services. A rating should not be viewed as a replacement for such advice or services. India Ratings &. Research Private Limited A Fitch Group Cornpa ny Wockm ard Tower, Lcev,el 4, West Wing, Band ra Kllrl a Complex, Bandra {Et Mumbai - 4000.51 Tel: +n 22 4000 1700 II Fax: +912.2 4000 1701 II CIN/LLP'IN: l!l67lOOMH1995F"Kl40049 II www.illldiaratings.co.ini Fitch Group India Ratings &Researcli A Fitch Group Company Investors may find the rating issued by India Ratings to be important information, and India Ratings notes that you are responsible for communicating the contents of this letter, and any changes with respect to the rating, to investors. Nothing in this letter is intended to or should be construed as creating a fiduciary relationship between India Ratings and you or between India Ratings and any user of the ratings. In this letter, “India Ratings” means India Ratings & Research Pvt. Ltd. and any successor in interest. We are pleased to have had the opportunity to be of service to you. If we can be of further assistance, please email us at infogrp@indiaratings.co.in Sincerely, India Ratin [Showing first 8,000 characters — download PDF for full document]