Outcome of Board Meeting

One with the Sun July 29, 2026 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, Sandra - Kurla Complex, Sandra (East) Mumbai - 400 001 Mumbai -400 051 Scrip Code: 544277 Trading Symbol: WAAREEENER Dear Sir/Madam, Subject: Outcome of Board Meeting_held on July 29., 2026 Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (listing Obtigatlons 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. July 29, 2026 has, inter alia, considered and approved Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended June 30, 2026 along with the Limited Review Report. The copy of the said Financial Results along with the Limited Review Report issued by the Mis. SRBC & CO LLP, Statutory Auditors of the Company, is enclosed herewith; Furthermore, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Company's code of conduct for Prohibition of Insider Trading, the "Trading Window" for trading in the shares of the Company will open from Saturday, August 01, 2026 for the Directors and Key Management Personnel/Designated Persons and their immediate relatives/connected persons of the Company. The meeting commenced at 02:00 P.M. and concluded at 05:00 P.M. 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 SR BC & COLLP 1st Floor. Block B·7, North Side Nirlon Knowledge Park, Near Hub Mall Chartered Accountants Off Western Express Highway Goregaon < E >, Mumbai · 400 063, India Tel : +91 22 6819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Waaree Energies Limited I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Waaree Energies Limited (the "Holding Company") and its subsidiaries (the I folding Company and its subsidiaries together referred to as .. the Group"), for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the I lolding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The I folding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, .. Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whethcrthe Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the Subsidiaries as listed down in Anncxure I. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (r lnd AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We draw attention to - 1. Note 5 to the accompanying Statement with respect to uncertainty related to the outcome of investigation initiated by U.S. Customs and Border Protection on the Holding Company and one of its subsidiaries, for the exports made by the Holding Company in the United States of America and related provisions made in this regard based on management's assessment and legal advice. 11. Note 7 to the accompanying Statement, describing the investigation conducted by the Income Tax authorities at the Holding Company's offices and facilities in India in ovember 2025. S R 8 C & CO LLP. I Ltffltled Lt.1><:1ty Parlntrshlp w1lh LLP ldtntlly No. AA8·4J 18 RtQ<l. Olhce: 22. CamM Slrttl, Block ·e·. Jro noor. Ko11ta1a·700 016 SR BC & COLLP Chartered Accountants Pending final outcome of the above matters, no further adjustments have been made to the unaudited consolidated financial results for the quarter ended June 30, 2026. Our conclusion is not modified in respect of these matters. 7. The accompanying Statement includes the unaudited interim financial results and other unaudited financial information, in respect of 53 subsidiaries, whose unaudited interim financial results include total revenues of Rs. 1185.25 crores, total net profit after tax of Rs. 139.46 crores, total comprehensive income of Rs. 139.47 crores, for the quarter ended June 30, 2026. as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results/ financial information of these entities have been furnished to us by the Management and our conclusion on the Statement. in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement in respect of matters stated in para 7 is not modified with respect to our reliance on the work done and the reports of the other auditors. 8. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of 5 subsidiaries, whose interim financial results and other unaudited financial information reflect total revenues of Rs. Nil [Showing first 8,000 characters — download PDF for full document]