Please find attached herewith Investor Presentation

Execution with Pace & Comfort July 22, 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.: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir / Madam, With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investors/ Earnings Presentation for the Quarter ended June 30, 2026. The Company will use this presentation for any meeting scheduled with analysts or institutional investors. The above information will also be available on the website of the Company at www.waareertl.com Request to kindly take this intimation on record. Thanking you, Yours faithfully, For Waaree Renewable Technologies Limited Heema Shah Company Secretary ACS 52919 Email Id: info@waareertl.com 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 Accelerating Global Energy Transition Investor Presentation | Q1FY27 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Waaree Renewable Technologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, andshallnot formthebasis or berelied oninconnection with anycontract or bindingcommitment whatsoever. Noofferingofsecurities oftheCompanywillbe madeexcept bymeansofastatutoryofferingdocumentcontaining detailed information abouttheCompany. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representationorwarranty,expressorimplied,whatsoever,andnorelianceshallbeplacedon thetruth,accuracy,completeness,fairnessandreasonablenessof the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability inrespectofthecontentsof,oranyomission from,thisPresentationisexpressly excluded. Certain matters discussedinthis Presentationmaycontain statements regarding the Company’s market opportunity andbusiness prospects thatareindividually andcollectivelyforward-lookingstatements.Suchforward-lookingstatements arenotguaranteesoffutureperformanceandaresubjecttoknownandunknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy andoftheeconomies ofvariousinternationalmarkets,theperformanceoftheindustry in Indiaand world-wide,competition,theCompany’s ability to successfully implementitsstrategy,the Company'sfuturelevelsofgrowthandexpansion,technologicalimplementation,changesandadvancements,changesin revenue, income or cashflows, the Company's market preferences and its exposure tomarket risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties includedinthis PresentationarenotadoptedbytheCompany andtheCompany isnotresponsibleforsuchthird-party statementsandprojections. All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness orcompleteness. Waaree Group at a Glance India’s Emerging Fully Integrated Energy Transition Player Vertically Integrated Operations MANUFACTURING 36 25 #1 CAPACITY Years Industry experience Countries exported to1 Indian module manufacturer1 Module1 Gold CARE AA-, Stable ₹~53k EcoVadissustainability rating1 Credit rating1 Order book1 Cell1 27 2,500+ | 600+ >90% Inverter1 States1 ASP | Franchises1 India pin codes via ASP1 1; For Waaree Energies Ltd. as of Q4FY26; ASP = AuthorisedService Partner Integrated Group Offerings MANUFACTURING SERVICES PRODUCTS PV Moduleand Cell EPC Services (Module | BESS | T&D) Solar Kits Ground-Mounted Inverter Water Pumps Rooftop Solutions Transformer Streetlights Floating Solar Green Hydrogen | Electrolyser Smart Solutions BESS Solution O&M Services Substation (AIS & GIS) Smart Meter Marquee Clientele & Stakeholder Relationships Trusted by Marquee Clients Consistent On-Time Delivery 5.89 GWp+ Solar EPC Project Executed Lenders to Developers Consultants & Owner's Engineers Suppliers Trusted EPC partner for leading global & domestic Deep relationships with top-tier engineering firms, Strong alliances with diversified local & global supply lenders, ensuring smooth project financing. reinforcing quality & compliance standards. networks ensuring on-time delivery. Energy Transition A Multi-Decade Growth Opportunity Energy Transition Government Targets to Achieve Solar Power Global Projected Annual Solar PV Capacity Additions1, GW RE –Projected Installed Capacity India2, GW Capacity of ~280GW from 150GW in FY263 For setting up of 450 GW RE + 19 GW PSP and 42 GW BESS Installed Capacity (GW) 17% 280 to necessitate incremental debt of ~Rs 14 lakh crore 539.6 493.9 459.2 402.3 421.7 Fossil RE+Hydro 450 500 400 150 246 254279 262 262 276 82 106 CY24P CY25P CY26P CY27P CY28P FY23 (A) FY 27 FY 30 (I) FY30(II) CEA (E) FY17 FY18 FY20 FY22 FY24 FY25 FY26 2030E Solar Capacity Additions in India ~156-164 GW Break-up of the Total Installed Capacity, India –FY25 vs FY30E1 over Fiscals 2027-20301 FY25 FY30E Solar capacity addition in FY26 is 44.61 GW; surpasses the estimate 42 –44 46 –48 10% Solar 3% 3% Solar 38 –40 Wind 2% Wind 30 –32 Large Hydro Large Hydro 26 –28 35% 38% 23 47% Coal Coal 15 22% Oil & Gas Oil & Gas 4% Nuclear Nuclear 2% Other RE 8% 11% Other RE FY24 FY25 FY26P FY27P FY28P FY29P FY30P Source: 1:Crisil Report, 2:Energy Storage Care EDGE Report 3: MNRE & pib.gov.in 8 Supportive Government Policies Fueling Growth Battery Energy Storage requirement (GWh)1 T&D market oppurtunity1 State Wise Solar Parks as on Mar 2026 (MW)2 Rs. ~4.9 Lakh Cr estimated Capex during 2027-32 Sanctioned Capacity Capacity Commissioned Likely Addition during 2027-32 By 2031-32 12,150 11,805 Transmission 47%p.a. 76,787 6,48,190 Lines (ckm) 6,960 5,089 S (Mub Vs Ata )tion 4,97,855 23,45,135 4,530 2,608 4,300 3,050 3,840 2,000 2,000 35 1,105 1,089 430 200 0 415225 HVDC (MW) 32,250 66,750 Gujarat Rajasthan Madhya Andhra Pradesh Uttar Pradesh Karnataka Maharashtra Jharkhand Others 2027 2032 Pradesh Key initiatives by GOI for development of solar energy/capacity Solar3 Wind4 BESS4 T&D • PM Surya Ghar MuftBijli Yojana:₹ • Wind Target: 100 GW by 2030 • VGF Scheme PSDF*: ~43 GWh of • National Electricity Plan (Transmission): 75,000 cr; 1 crore rooftop homes by Mar • VGF Scheme: Total outlay of ₹7,453 BESS, launched in March 2024 and ~4.9 lakh crcapex planned through 2027 (33 Lakh done) cr, 1 GW pilot currently installed June 2025 FY2027-32 • Solar Park:55 Solar Parks with ~40 GW • ALMM(Wind) extending to wind: • ISTS^ Waiver:ISTS charges waiver • Green Energy Corridor III/IV:evacuating sanctioned capacity have been approved Turbines and components covered for co-located BESS projects ~150 GW RE, largely unallocated across 13 states, supporting large-scale since July 2025 commenced till June’28 for 12 yrs solar capacity addition • Repowering & Life Extension Policy: • • M ≥in 2im 0%u m lo cC ao l n [Showing first 8,000 characters — download PDF for full document]