Regulation 30- Execution of Joint Venture Agreement by the Subsidiaries of the Company.

August 13, 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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Waaree Power Private Limited ("WPPL"), a wholly owned subsidiary of Waaree Energies Limited (“Company”), has today, along with its subsidiary Waaree Semicon Private Limited ("Waaree Semicon"), entered into a Joint Venture Agreement ("Agreement") with SmartenGrand Ltd, ("SGL"). The proposed Joint Venture ("JV") will engage in the business of manufacturing and supplying semiconductor products, including power application diodes and related products and setting up of semiconductor fabrication unit in India. The details pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure “A”. 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. No. Particulars Amount 1. Name of the entity(ies) with whom Agreement executed between Waaree Power agreement/JV is signed. Private Limited, SmartenGrand Limited and Waaree Semicon Private Limited. (together referred to as “Parties”). 2. Area of agreement/JV The Parties propose to enter into the joint venture for the purpose of manufacturing and supplying semiconductor products, including power application diodes and related products and setting up semiconductor fabrication unit in Gujarat, India. 3. Domestic/international Domestic 4. Share exchange ratio/JV ratio Subject to closing conditions as per the Joint Venture Agreement, WPPL will hold 86.83% and SGL will hold 13.17% shareholding in Waaree Semicon Private Limited. 5. Scope of business operation of As stated in Point No. 02 above. agreement/JV; 6. Details of consideration paid/ Based on the requirements, the business received in agreement/JV parties will subscribe to the equity capital of Waaree Semicon as per the valuation report received from independent valuer, either in cash or kind. 7. Significant terms and conditions of The broad terms of the Agreement provides agreement/JV in brief for the following; • The Board composition shall be in accordance with each Party’s equity contribution in the joint venture; • The Parties shall appoint key managerial persons in Waaree Semicon in accordance with their respective expertise; • other customary and/or commercially agreed conditions with respect to representations, warranties, indemnities, termination and dispute resolution. 8. Whether the acquisition would fall The transaction would not fall within the within related party transactions ambit of related party transactions. and whether the promoter/ promoter group/ group companies SGL is not related to the promoter/ promoter have any interest in the entity being group/group companies of the Company. 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 acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 9. Size of the entity(ies) Waaree Semicon is a newly incorporated Company and is yet to commence business operations. 10. Rationale and benefit expected The joint venture is intended to offer improved and competitive products in the market by leveraging SGL’s technology and design expertise and Waaree’s infrastructure, financial capability, and market presence. 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