The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Date: August 10, 2026 Securities and Exchange Board of India SEBI Bhavan, C4-A, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 CC To: To, To, To, The Listing Department, The Listing Department, Rajesh Gaur, BSE LIMITED, National Stock Exchange of Company Secretary, Phiroze Jeejeebhoy Towers, India Limited, Waaree Energies Limited, Dalal Street, Fort, Exchange Plaza, 5th Floor, Plot 602, Western Edge – 1, Mumbai – 400 001 No. C-1, G-Block, Bandra Western Express Highway, Scrip Code: 544277 Kurla Complex, Borivali (East), Mumbai – 400 051 Mumbai – 400 066, INDIA NSE Symbol: WAAREEENER Dear Sirs, Sub: Report under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) Target Company: Waaree Energies Limited 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 the Target Company, have acquired 12,69,82,903 equity shares, constituting 44.14% of the total equity share capital of Waaree Energies Limited, from Mr. Chimanlal Tribhuvandas Doshi by way of gift through an inter se transfer of shares amongst qualifying persons as specified in Regulation 10(1)(a)(ii) of Takeover Regulations. The said transfer intends to streamline succession and smooth intergenerational transfer of wealth and further promote the welfare of the family and does not affect the interests of the public shareholders of the Target Company. The acquisition has been exempted from the open offer obligations under Regulations 3, 4 and 5 of the Takeover Regulations vide SEBI Exemption Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026 passed under Regulation 11(5) of the Takeover Regulations. Pursuant to Regulation 10(7) of the Takeover Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/POD-1/P/CIR/2023/31 dated February 16, 2023, please find enclosed herewith the requisite disclosure in the prescribed format pertaining to the acquisition of the abovementioned equity shares. The respective intimation and report as required under Regulation 10(5) and Regulation 10(6) of the Takeover Regulations have already been submitted with the National Stock Exchange of India Limited (NSE), BSE Limited (BSE) and the Target Company on July 09, 2026 and July 17, 2026, respectively. We are making the payment of the fees of Rs. 1,50,000/- plus 18% GST on the portal of SEBI – https://siportal.sebi.gov.in after submitting the application on the portal in accordance with SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2025/0034 dated March 20, 2025. We request you to kindly take the same on record. Thanking you, Yours faithfully, For and on behalf of C.T. Doshi Family Trust Hitesh Chimanlal Doshi (Managing Trustee) Place: Mumbai Encl.: As above. Format under Regulation 10(7) – Report to SEBI in respect of any acquisition made in reliance upon exemption granted by the Board under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 1 General Details a. Name, address, telephone C.T. Doshi Family Trust (the “Acquirer Trust”) no., e-mail of acquirer(s) {In case there are multiple Address: 11th Floor, Commerz 2, Oberoi Garden City, acquirers, provide full International Business Park, Yashodham, Goregaon (East), contact details of any one Mumbai – 400 063, Maharashtra, India acquirer (the correspondent Tel No. / Mob. No.: +91-9423282069 acquirer) with whom SEBI Email: manojpatil@waaree.com shall correspond} b. Whether sender is the Yes acquirer (Y/N) c. If not, whether the sender is N.A. duly authorized by the acquirer to act on his behalf in this regard (enclosed copy of such authorization) d. Name, address, Tel no. and e- N.A. mail of the sender, if sender is not the acquirer 2 Compliance of Regulation 10(7) a. Date of report August 10, 2026 b. Whether report has been Yes. The acquisition was completed on July 16, 2026 and submitted to SEBI within 21 the instant report is being submitted within 21 working days working days from the date from the date of acquisition. of the acquisition c. Whether the report is Yes accompanied with fees as required under Regulation 10(7) 3 Compliance of Regulation 10(5) a. Whether the report has been Yes (Refer Annexure A) filed with the Stock Exchanges where the shares of the Company are listed, at least 4 working days before the date of the proposed acquisition b. Date of Report July 09, 2026 4 Compliance of Regulation 10(6) a. Whether the report has been Yes (Refer Annexure B) filed with the Stock Exchanges where the shares of the Company are listed within 4 working days after the date of the proposed acquisition b. Date of Report July 17, 2026 5 Details of the Target Company (TC) a. Name & address of TC Waaree Energies Limited 602, Western Edge – 1, Western Express Highway, Borivali (East), Mumbai – 400 066, INDIA b. Name of the Stock BSE Ltd. (BSE) & National Stock Exchange of India Ltd. Exchange(s) where the shares (NSE) of the TC are listed 6 Details of the acquisition a. Date of acquisition July 16, 2026 b. Acquisition price per share Nil, as the acquisition is without consideration, i.e., by way (in Rs.) of an off-market gift of shares by the Transferor to the Acquirer Trust through an inter se transfer. c. Regulation which would Regulation 3(1). The exemption granted by SEBI vide have triggered an open offer, Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026 had the report not been filed extends to Regulations 3, 4 and 5 of the Takeover under Regulation 10(7). Regulations. (whether Regulation 3(1), 3(2), 4 or 5) d. Shareholding of acquirer(s) Before the acquisition After the acquisition and PAC individually in TC (in terms of no. & as a percentage of the total share/voting capital of the TC)(*) No. of % w.r.t No. of % w.r.t Shares total share Shares total share capital of capital of TC TC Name of the acquirer(s) C.T. Doshi Family Trust Nil Nil 12,69,82,903 44.14 (Acquirer) Total Nil Nil 12,69,82,903 44.14 e. Shareholding of seller/s in Before the acquisition After the acquisition TC (in terms of no. & as a percentage of the total share/voting capital of the TC)(*) No. of % w.r.t No. of % w.r.t Shares total share Shares total share capital of capital of TC TC Name of the seller(s) Mr. Chimanlal Tribhuvandas 13,16,73,212 45.78 46,90,309 1.63 Doshi (Seller) Total 13,16,73,212 45.78 46,90,309 1.63 7 Information specific to the exemption category to which the instant acquisition belongs – Regulation 10(1)(a)(ii). Exemption granted by the Board under Regulation 11 of the Takeover Regulations vide Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026 a. Provide the names of the Mr. Chimanlal Tribhuvandas Doshi seller(s) b. Specify the relationship Mr. Chimanlal Tribhuvandas Doshi is the Settlor of the between the acquirer(s) and Acquirer Trust. the seller(s). The Acquirer Trust is a private family trust settled for the benefit of the members of the Doshi family. c. Confirm whether the Not applicable. acquirer(s) and the seller(s) are ‘immediate relatives’ as The instant acquisition has not been undertaken in reliance defined in the Regulation upon the exemption available under Regulation 10(1)(a)(i) 2(l). of the Takeover Regulations; the exemption has been granted by the Board vide its exemption granted by the Board under Regulation 11 of the Takeover Regulations vide Order WTM/KCV/CFD/05/2026-27 dated July 03, 2026. It is, however, confirmed that the beneficiaries of the Acquirer Trust are ‘immediate relatives’ of the Transferor within the meaning of Regulation 2(1)(l) of the Takeover Regulations. d. If shares of the TC are Not applicable, since the transfer is without consideration frequently traded, volume- by way of gift of shares. weighted average market price (VWAP) of such shares for a period of sixty trading days preceding the date of issuance of notice regarding the proposed acquisition to the stock exchanges where the TC is listed. e. If the shar [Showing first 8,000 characters — download PDF for full document]