Disclosure under SEBI Takeover Regulations

C.T. DOSHI FAMILY TRUST Office Address: 11th Floor, Commerz 2, Oberoi Garden City, International Business Park, Yashodham, Goregaon, Mumbai 400063, Maharashtra, India Tel: +91-22-6644-4444 Date: July 17, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 051 Mumbai - 400 001 NSE Scrip Code: WAAREEENER BSE Scrip Code: 544277 Dear Sir, Subject: Report under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) Target Company: Waaree Energies Limited We, C.T. Doshi Family Trust (the “Acquirer Trust”), a member of the Promoter Group of the Target Company, have acquired 12,69,82,903 equity shares, constituting 44.14% of the total equity share capital of the Target Company, by way of gift through an inter se transfer from Mr. Chimanlal Tribhuvandas Doshi. The said transfer intends to streamline succession and smooth intergenerational transfer of wealth and further promote the welfare of the family and does not affect the interests of the public shareholders of the Target Company. The acquisition has been exempted from the open offer obligations under Regulations 3, 4 and 5 of the Takeover Regulations vide SEBI Exemption Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026 passed under Regulation 11(5) of the Takeover Regulations. Pursuant to Regulation 10(6) of the Takeover Regulations, read with SEBI Master Circular No. SEBI/HOICFD/poD1/P/ClR/2023/31 dated February 16, 2023, please find enclosed herewith the requisite disclosure in the prescribed format pertaining to the acquisition of equity shares. The necessary prior intimation under Regulation 10(5) of the Takeover Regulations in the prescribed format, has already been submitted vide letter dated July 09, 2026. Kindly take the information on record. Thanking you, Yours faithfully, For and on behalf of C.T. Doshi Family Trust Hitesh Chimanlal Doshi (Managing Trustee) Encl.: As above. Format for Disclosures under Regulation 10(6) – Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 1. Name of the Target Company (TC) Waaree Energies Limited 2. Name of the acquirer (s) C. T. Doshi Family Trust (Acquirer Trust) 3. Name of the stock exchange where BSE Ltd. (BSE) & shares of the TC are listed National Stock Exchange of India Ltd. (NSE) 4. Details of the transaction including Proposed transfer intends to streamline succession and rationale, if any, for the transfer/ smooth intergenerational transfer of wealth and further acquisition of shares. promote the welfare of the family. 5. Relevant regulation under which the Exempted vide SEBI Exemption Order acquirer is exempted from making WTM/KCV/CFD/05/2026-27 dated July 03, 2026. open offer. 6. Whether disclosure of proposed Yes, disclosure of proposed acquisition was required to be acquisition was required to be made made and was made on July 09, 2026, which is within the under regulation 10 (5) and if so, prescribed timeline i.e. at least 4 working days prior to the - whether disclosure was made and proposed transactions, to the stock exchanges. whether it was made within the timeline specified under the regulations. - date of filing with the stock exchange. 7. D etails of acquisition Disclosures required Whether the to be made under disclosures under regulation 10(5) regulation 10(5) are actually made a. Names of the transferor Mr. Chimanlal Yes Tribhuvandas Doshi b. Date of acquisition July 16, 2026 Yes c. Number of shares/ voting rights 12,69,82,903 equity Yes in respect of the acquisitions shares from each person mentioned in 7(a) above d. Total shares actually acquired as a 44.14% Yes % of diluted share capital of TC e. Price at which shares are actually NA, as the transfer has Yes acquired been carried out by way of an off-market gift of shares. 8. Shareholding details Pre-Transaction Post-Transaction No. of % w.r.t No. of % w.r.t equity total equity total shares equity shares held equity held share share capital capital of TC of TC a. Each Acquirer/Transferee Acquirer(s) C.T. Doshi Family Trust - - 12,69,82,903 44.14 Total - - 12,69,82,903 44.14 b. Each Seller/Transferor Mr. Chimanlal Tribhuvandas 13,16,73,212 45.78 46,90,309 1.63 Doshi Total 13,16,73,212 45.78 46,90,309 1.63 For and on behalf of C.T. Doshi Family Trust Hitesh Chimanlal Doshi (Managing Trustee) Place: Mumbai Date: July 17, 2026