Intimation regarding execution of the Share subscription agreement and Shareholders'' Agreement and Energy Supply Agreement (ESA) by the Wholly owned Subsidiary.

August 12, 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: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Waaree Forever Energies Private Limited (“WFEPL”), a wholly – owned subsidiary of Waaree Energies Limited (“the Company”) and Solaris Horizon Energy Private Limited (“SHEPL”), a wholly – owned subsidiary of WFEPL, have entered into a Energy Supply Agreement (“ESA”) and Share Subscription and Shareholders’ Agreement (“SSHA”) with Ultratech Cement Limited (“UCL”). Pursuant to the SSHA, UCL shall subscribe to and hold 26% of the total paid – up equity share capital of SHEPL. Further pursuant to the ESA, the Parties have agreed to supply and offtake electricity generated from the Project undertaken by SHEPL. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations") read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure 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. The amount and percentage of the SHEPL was incorporated in the Financial turnover or revenue or income and net Year 2025-26 as a special purpose vehicle worth contributed by such unit or division and is yet to commence business. or undertaking or subsidiary or associate company of the listed entity during the last financial year 2. Date on which the agreement for sale has August 12, 2026 been entered into 3. The expected date of completion of Within 180 days from the execution of sale/disposal Energy Supply Agreement and Share Subscription and Shareholders Agreement, subject to fulfilment of the conditions precedent/subsequent set out in the SSHA and the ESA. 4. Consideration received from such Cash consideration of INR 27,75,50,000/- sale/disposal (Rupees Twenty Seven Crore Seventy Five Lakhs Fifty Thousand Only) subject to subscription of 26% of the paid-up equity share capital of SHEPL by UCL. 5. Brief details of the buyers and whether any UCL is engaged in the business of cement of the buyers belong to the Promoter/ manufacturing and sale of grey cement, Promoter Group/Group Companies. If yes, ready mix concrete (RMC) and white details thereof cement. UCL does not belong to the Promoter/Promoter Group/Group Companies of the Company. 6. Whether the transaction would fall within No related party transactions? If yes, whether the same is done at “arm’s length” 7. Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations. 8. Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. 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