ESOP/ESOS/ESPS

October 31, 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: Intimation of Grant of Options under Waaree Employee Stock Option Plan 2021 (“ESOP 2021”/ “Plan”) Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015 (“the Listing Regulations”) we wish to inform you that the Nomination and Remuneration Committee (“NRC”) of the Board of Directors of the Company has approved the grant of 3,07,000 stock options to eligible employee of the Company under Waaree Employee Stock Option Plan 2021 (“ESOP 2021”/ “Plan”) as amended. The requisite disclosure as required under Regulation 30 of the SEBI Listing Regulations read along with SEBI circular H0/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure - ‘A’ Kindly take the information 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 Annexure A Sr Particulars Remarks 1. Brief details of the options granted 3,07,000 options granted to eligible employee under Waaree Employee Stock Option Plan 2021 (“ESOP 2021”/ “Plan”) 2. Whether the scheme is in terms of Yes Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021 3. Total number of shares covered by 3,07,000 Equity Shares of Rs. 10/- each these Options 4. Pricing formula The exercise price determined is Rs.10/- (Rupees Ten only) per Option. 5. Options Vested/ Vesting Schedule The Options shall vest as under: 1. At the end of 1st year from the grant date - 15% of options granted. 2. At the end of 2nd year from the grant date - 15% of options granted. 3. At the end of 3rd year from the grant date - 15% of options granted. 4. At the end of 4th year from the grant date - 15% of options granted. 5. At the end 5th year from the grant date – 20% of options granted 6. At the end 6th year from the grant date – 20% of options granted 6. Time within which option may be All the vested Options shall be exercisable exercised within four years from the date vesting of the respective options 7. Options exercised Not Applicable 8. Money realized by exercise of options Not Applicable 9. The total number of shares arising as a Not Applicable result of exercise of option 10. Options lapsed Not Applicable 11. Variation of terms of options Not Applicable 12. Brief details of significant Terms As mentioned in Waaree Employee Stock Option Plan 2021 (“ESOP 2021”/ “Plan”) 13. Subsequent changes or cancellation or Not Applicable exercise of such options 14. Diluted earnings per share pursuant to Not Applicable issue of equity shares on exercise of options 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