Outcome of Board Meeting

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, Subject: Outcome of Board Meeting held on October 31, 2026 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. October 31, 2026 has, inter alia, considered and approved the acquisition of 33.34% of the paid-up equity share capital of Wictor Sealz Private Limited (“Wictor Sealz”) from Vimac Impex Private Limited (“Vimac”) through a Share Purchase-cum-Shareholders’ Agreement (“SHA”) proposed to be executed by the Company, Wictor Sealz and Vimac. In terms of the SHA, the Company shall post-acquisition, make a further Investment of ₹5 crore (Rupees Five Crore only) in Wictor Sealz. Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations") read with SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Master Circular”) are enclosed as Annexure ‘A’. The meeting commenced at 05:00 P.M. and concluded at 06:12 P.M. (IST). The above information is also available on the website of the Company i.e. www.waaree.com 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 Information 1. Name of the target entity, details in brief Wictor Sealz Private Limited such as size, turnover etc 2. Whether the acquisition would fall within The acquisition does not constitute a related related party transaction(s) and whether party transaction. the promoter/ promoter group/ group Wictor Sealz Private Limited is not related to companies have any interest in the entity the promoter/ promoter group/group being acquired? If yes, nature of interest companies of the Company. and details thereof and whether the same is done at “arm’s length 3. Industry to which the entity being acquired Solar module sealants and specialty belongs chemicals manufacturing industry. 4. Objects and impact of acquisition The investment is proposed with a view to (including but not limited to, disclosure of strengthening the Company’s supply chain reasons for acquisition of target entity, if its integration, reducing dependence on business is outside the main line of imported solar module sealant, enhancing business of the listed entity supply security and creating long-term strategic value for stakeholders. 5. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition; 6. Indicative time period for completion of the Financial Year 2026 - 27 acquisition; 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same. 8. Cost of acquisition and/or the price at Rs. 33,340 /- at a face value of Rs. 10/- per which the shares are acquired share divided into 3,334 Equity Shares 9. Percentage of shareholding/control Acquisition of 3,334 equity shares, acquired and/or number of shares representing 33.34% of the paid-up equity acquired share capital of Wictor Sealz Private Limited. The Company will further invest Rs. 5 crore (Rupees Five Crore only) in Wictor Sealz for which the long stop date is March 31, 2027. 10. Brief background about the entity acquired The company is incorporated in India on in terms of products/line of business January 05, 2026 and is engaged in the acquired, date of incorporation, history of business of Solar module sealants related last 3 years turnover, country in which the products and is yet to commence business acquired entity has presence and any operations. other significant information (in brief); 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