NSEUpdates28 Jun 2026 · 28 Jun 2026, 12:18 pm

Updates

Waaree Energies Limited · WAAREEENER

✦ AI Summary▲ PositiveRegulatory

Waaree Energies Limited has clarified a U.S. Customs determination regarding its solar module exports, stating that it did not export modules made with Chinese-origin solar cells, cooperated with the investigation, and has the right to seek a de novo administrative review.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

Waaree Energies Limited has informed the Exchange regarding 'Media statement by the Company, titled Waaree Energies' Clarifies U.S. Customs Determination. '.

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WAAREE_28062026121840_WSAMediaStatement28June2026.pdf

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June 28, 2026 To To The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 544277 Trading Symbol: WAAREEENER Dear Sir/Madam, Sub: Media Statement Please find attached a media statement by the Company, titled “Waaree Energies' Clarifies U.S. Customs Determination.” Kindly take the same on record. Thanking you, Yours faithfully, For Waaree Energies Limited Rajesh Ghanshyam Gaur Company Secretary & Compliance Officer M.No. A34629 WAAREE Energies Ltd. Registered Office: 602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400. Email: waaree@waaree.com.Website:www.waaree.com Corporate Identity Number:L29248MH1990PLC059463 MEDIA STATEMENT “Waaree Energies' Clarifies U.S. Customs Determination.” Waaree Energies Limited ("Waaree" or the "Company") wishes to clarify recent media reports regarding the determination issued by the U.S. Customs and Border Protection ("CBP") in EAPA Consolidated Investigation No. 8163. Following a detailed investigation, including an on-site verification of Waaree's manufacturing facility in India, CBP expressly confirmed that: • Waaree did not export to the United States solar modules manufactured using Chinese-origin solar cells; • Waaree fully cooperated throughout the investigation; • CBP drew no adverse inference against the Company; and • CBP declined the petitioner's request to make an evasion finding covering all of Waaree's imports. CBP's determination is limited to a narrow subset of certain historical import entries. Importantly, the determination is not a final adjudication. Under applicable U.S. law, Waaree has the right to seek a de novo administrative review and thereafter, judicial review before the U.S. Court of International Trade. The Company is currently evaluating all available legal remedies with its U.S. trade counsel. Waaree remains committed to the highest standards of regulatory compliance, transparency, and governance. The Company's U.S. business continues to operate normally, and there is no impact on ongoing manufacturing, customer deliveries, or commercial operations. Waaree will continue to cooperate with the relevant authorities and will provide appropriate updates as and when required in accordance with applicable laws and regulatory requirements. For media queries, please contact: Waaree Energies Limited Ajay Leelaa Mishra Mob: +91 8655814584 Email Id: ajaymishra2@waaree.com WAAREE Energies Ltd. Registered Office: 602, Western Edge – 1, Western Express Highway, Borivali (E), Mumbai – 400 066, INDIA. Tel: +91-22-6644 4444. Fax: +91-22-6644 4400. Email: waaree@waaree.com.Website:www.waaree.com Corporate Identity Number:L29248MH1990PLC059463