The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C T Doshi Family Trust

C.T. DOSHI FAMILY TRUST Office Address: 11th Floor, Commerz 2, Oberoi Garden City, International Business Park, Yashodham, Goregaon, Mumbai 400063, Maharashtra, India Tel: +91-22-6644-4444 Date: August 07, 2026 To, To, To, The Listing Department, The Listing Department Rajesh Gaur, BSE LIMITED, National Stock Exchange of India Company Secretary & Phiroze Jeejeebhoy Towers, Limited, Compliance Officer, Dalal Street, Fort Exchange Plaza, 5th Floor, Plot No. C- Waaree Energies Limited Mumbai- 400 001 1, G-Block, Bandra Kurla Complex, 602, Western Edge – 1, Mumbai - 400051 Western Express Highway, Scrip Code: 544277 Borivali (E), Mumbai – 400 NSE Symbol: WAAREEENER 066, INDIA Subject: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 (“Takeover Regulations”) Dear Sir/ Madam, I, Hitesh Chimanlal Doshi, the undersigned Managing Trustee of C.T. Doshi Family Trust (“Acquirer Trust”), a promoter and member of the Promoter Group of Waaree Energies Limited ("Target Company"), herewith submit disclosure on behalf of the Acquirer trust in the format prescribed under Regulation 29(2) of the Takeover Regulations with regards to the acquisition of 1,99,999 equity shares of Rs. 10/- each of Waaree Sustainable Finance Private Limited ("WSFPL"), constituting 99.9995% of the paid-up equity share capital of WSFPL, by way of gift through an inter se transfer from Mr. Chimanlal Tribhuvandas Doshi. WSFPL holds 18.34% stake in the Target Company. Thus, the acquisition amounts to an Indirect Acquisition of 5,27,67,331 equity shares consisting 18.34% of the Target Company. The said indirect acquisition has been exempted from the open offer obligations vide SEBI Exemption Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026, passed under Regulation 11(5) of the Takeover Regulations. The same is also enclosed to the disclosure. This is for your information and record. Yours faithfully, For and on behalf of C.T. Doshi Family Trust Hitesh Chimanlal Doshi (Managing Trustee) Place: Mumbai Date: August 07, 2026 Encl: As above Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Waaree Energies Limited Name(s) of the acquirer/ seller and Person Acting C. T. Doshi Family Trust (Acquirer Trust) in concert with the acquirer/ Seller Whether the acquirer / Seller belongs Promoter Group Promoter/Promoter group Name(s) of the Stock Exchange(s) where the BSE Limited shares of TC are Listed National Stock Exchange of India Limited Details of the Acquisition/Disposal as follows Number % w.r.t. total % w.r.t. total share/voting diluted capital wherever share/voting applicable (*) capital of the TC (**) Before the acquisition / sale under consideration, holding of: a) Shares carrying voting rights C.T. Doshi Family Trust 12,69,82,903 44.14 44.14 b) Shares in the nature if encumbrance - - - (pledge/lien/non-disposal undertaking/others) c) Voting rights (VR) otherwise than by shares - - - d) Warrants/convertible securities/any other - - - instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) Total (a+b+c+d) 12,69,82,903 44.14 44.14 Details of acquisition / sale: a) Shares carrying voting rights acquired /sold C.T. Doshi Family Trust 0 0.00 0.00 b) VRs purchased/sold otherwise than by shares 0 0.00 0.00 c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive 0 0.00 0.00 shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered / invoked / released by the 0 0.00 0.00 acquirer Total (a+b+c+d) 0 0.00 0.00 After the acquisition / sale, holding of: a) Shares carrying voting rights C.T. Doshi Family Trust 12,69,82,903 44.14 44.14 b) Shares encumbered with the acquirer 0 0.00 0.00 c) VRs otherwise than by shares 0 0.00 0.00 d) Warrants/convertible securities/any other 0 0.00 0.00 instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition Total (a+b+c+d) 12,69,82,903 44.14 44.14 Mode of acquisition /sale (e.g open market/ off Off market acquisition of shares by way of gift, exempted from market/ public issue/right issue/preferential the open offer obligations vide SEBI Exemption Order allotment/inter-se transfer etc.) WTM/KCV/CFD/05/2026-27 dated July 03, 2026. Date of acquisition/ sale of shares/ VR or date of August 06, 2026 receipt of allotment of shares, whichever is applicable. Equity share capital / total voting capital of the TC Rs. 2,87,65,13,350 comprising of 28,76,51,335 equity shares before the said acquisition / sale* of face value of Rs. 10/- each Equity share capital / total voting capital of the TC Rs. 2,87,65,13,350 comprising of 28,76,51,335 equity shares after the said acquisition / sale* of face value of Rs. 10/- each Total diluted share/voting Capital of the TC after Rs. 2,87,65,13,350 comprising of 28,76,51,335 equity shares the said acquisition / sale* of face value of Rs. 10/- each (*) Total share capital/ voting capital taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement i.e., (i.e., presently the filing done under Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015), for the quarter of June, 2026. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. Yours truly, For and on behalf of C.T. Doshi Family Trust Hitesh Chimanlal Doshi (Managing Trustee) Place: Mumbai Date: August 07, 2026 WTM/KCV/CFD/05/2026-27 SECURITIES AND EXCHANGE BOARD OF INDIA ORDER UNDER SECTIONS 11(1) AND 11(2)(h) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATION 11(5) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 IN THE MATTER OF PROPOSED ACQUISITION OF SHARES AND VOTING RIGHTS IN – TARGET COMPANY PROPOSED ACQUIRER WAAREE ENERGIES LIMITED C.T. DOSHI FAMILY TRUST BACKGROUND 1. Waaree Energies Limited (hereinafter referred to as “Target Company”) is a company incorporated on December 18, 1990 under the provisions of the Companies Act, 1956, having its registered office at 602, Western Edge-I, Off Western Express Highway, Borivali (E), Mumbai, Pin Code – 400066, Maharashtra, India. The equity shares of the Target Company are listed on the BSE Ltd. (hereinafter referred to as “BSE”) and National Stock Exchange of India Ltd. (hereinafter referred to as “NSE”). 2. An Application dated January 21, 2026 (revised application vide email dated April 20, 2026), along with emails dated February 07, 2026, March 14, 2026, April 10, 2026, April 20, 2026, April 23, 2026 and April 27, 2026 (collectively referred to as “Application”) seeking exemption from the applicability of regulation 3 and 5 read with regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as “SAST Regulations, 2011”) was received by SEBI on behalf of C.T. Doshi Family Trust (hereinafter referred to as “Acquirer Trust”) in the matter of proposed direct Exemption Order in the matter of Waaree Energies Limited. Page 1 of 17 and indirect acquisition of shares and voting rights in the Target Company by the Acquirer Trust. DETAILS OF THE PROPOSED ACQUISITION 3. The Acquirer Trust, vide the Application, has submitted the following: (a) The issued, subscribed and paid-up equity share capital of the Target Company is INR 2,87,64,09,050/- divided into 28,76,40,905 equity shares having a face value of INR 10/- each. The shareholding pattern of the Target Company, as on the date of application, is as under: Table no. 1 S [Showing first 8,000 characters — download PDF for full document]