General Updates

August 07, 2026 To To The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Exchange Phiroze Jeejeebhoy Towers 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: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule III Para A of Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), we wish to inform you that, Waaree Smart Meters Private Limited (formerly known as Racemosa Energy (India) Private Limited), a step – down subsidiary of Waaree Energies Limited (“the Company”) has acquired 24.21% of the equity share capital of Eppeltone Engineers Limited pursuant to an off – market transaction today, i.e. on August 07, 2026. Eppeltone Engineers Limited established in the year 1977, specializes in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices. The requisite disclosure as required under Regulation 30 of the SEBI Listing Regulations read along with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure - ‘A’ 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 Annexure A Sr. No. Particulars Information 1. Name of the target entity, details in Eppeltone Engineers Limited brief such as size, turnover etc 2. Whether the acquisition would fall No, it is not a Related Party Transaction. within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being xred? If yes, nature of interest and details thereof and whether the same is done at “arm’s length 3. Industry to which the entity being Specializes in manufacturing electronic acquired belongs energy meters, including smart meters, alongside various power conditioning devices. 4. Objects and impact of acquisition Integrating smart meters to strengthen (including but not limited to, Waaree`s presence across the energy disclosure of reasons for acquisition value chain. of target entity, if its business is outside the main line of business of the listed entity 5. Brief details of any governmental or NA regulatory approvals required for the acquisition; 6. Indicative time period for completion NA of the 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 Approx. Rs. 21.78 crores which the shares are acquired 9. Percentage of shareholding / control 24.21% acquired and / or number of shares acquired 10. Brief background about the entity Eppeltone Engineers Limited was acquired in terms of products/line of incorporated on September 18, 2002 business acquired, date of having its registered office at Delhi and is incorporation, history of last 3 years in the business of manufacturing smart turnover, country in which the meters acquired entity has presence and any Last 3 years Turnover: other significant information (in brief); FY 2023-24 Rs. 78.45 crores FY 2024-25 Rs. 124.33 crores FY 2025-26 Rs. 134.74 crores 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