Outcome of Board Meeting

August 29, 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, Sub: Outcome of Board Meeting held on August 29, 2026. Pursuant to Regulation 30 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of Waaree Energies Limited (“the Company"), at its meeting held today, i.e., Saturday, August 29, 2026 has, inter alia, considered and approved the following: 1) Consolidation of the Company's Manufacturing Facilities through relocation of Plant & Machinery from the Tumb (1.0 GW) and Nandigram (1.11 GW) manufacturing facilities to the Company's existing manufacturing facility at Chikhli, Gujarat. 2) Capital Expenditure of approximately US$ 37 million by Waaree Solar Americas Inc. ("WSA"), a wholly-owned subsidiary of the Company, to revamp its manufacturing facility at Arizona, USA. The revamp involves replacement of the existing module manufacturing lines with new high- efficiency module production lines, which will take WSA's manufacturing capacity at Arizona from 1 to 1.6 GW. Upon completion, the Company's aggregate manufacturing capacity in the United States will increase to 4.8 GW, comprising 3.2 GW at Texas and 1.6 GW at Arizona. The said capital expenditure will be funded through a mix of debt and internal accruals. 3) Based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Ms. Mona Bhide (DIN: 05203026) as an Additional Non – Executive Independent Director for a first term of five (5) consecutive years commencing from August 30, 2026 to August 29, 2031, subject to shareholders’ approval; 4) Completion of first term of (5) consecutive years of Ms. Richa Goyal (DIN: 00159889) as a Non – Executive Independent Director of the Company. Subsequently, Ms. Richa Goyal shall cease to be the Independent Director of the Company with effect from close of business hours on August 29, 2026. The Board of Directors and the Management placed on record their sincere appreciation and gratitude for the valuable contribution rendered by Ms. Richa Goyal during her tenure with 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 5) Notice convening the 36th Annual General Meeting (“AGM”) of the Company to be held on Thursday, September 24, 2026 through Video Conferencing/Other Audio Visual Means (“VC/OAVM”) and matters connected therewith. 6) Record Date as Friday, September 11, 2026 for the purpose of ascertaining the Members entitled to receive the Final Dividend for the Financial Year 2025-26, subject to the approval of the Members at the ensuing Annual General Meeting of the Company. 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 are enclosed as Annexure to this intimation. The meeting commenced at 10:45 A.M. (IST) and concluded at 11:32 A.M.(IST). The above intimation is also available on the website of the Company i.e. www.waaree.com. 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 – I Point 1 Sr No. Particulars Information 1. Date of such binding agreement, if any, Not Applicable entered for sale of such unit/division, if any; 2. Amount & percentage of turnover or ~14.00% of the standalone turnover of the revenue or income and net worth of the Company. listed entity contributed by such unit or division during the last financial year; 3. Date of closure or estimated time of On or before December 31, 2026. closure; 4. Reasons for closure For operational efficiency. Point 3 & 4 Sr Particulars Ms. Mona Bhide Ms. Richa Goyal 1. Reason for change viz. Appointment of Ms. Mona Completion of first term of (5) appointment, re- Bhide (DIN: 05203026) as an consecutive years of Ms. Richa appointment, resignation, additional Non – Executive Goyal (DIN: 00159889) as a Non – removal, death or Independent Director of the Executive Independent Director otherwise; Company, subject to approval of the Company, upon expiry of of the shareholders. her tenure 2. Date of appointment/re- Date of Appointment: w.e.f. Date of cessation: From the appointment/cessation (as August 30, 2026 close of business hours of August applicable) & terms of 29, 2026. appointment/ Terms of Appointment: For a re-appointment; first term of five (5) consecutive years commencing from August 30, 2026 to August 29, 2031, subject to the approval of the shareholders. 3. Brief profile (in case of Ms. Mona Bhide has been a Not Applicable appointment); legal practitioner since 1989 and currently serves as the Managing Partner of Dave & Girish & Co. Advocates. Her extensive expertise covers Corporate Law, Securities and Banking Transactions, Capital Markets, Structured Finance, Securitisation, Swaps, Derivatives, Mergers & 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 Acquisitions and Restructuring. She holds an LLB degree from the University of Mumbai and an LLM degree from Northwestern University, School of Law, Chicago. Ms. Bhide also serves on the Boards of various companies such as PCS Technology Limited, Vinati Organics Limited, Datamatics Global Services Limited, and Inspira Enterprise India Limited. 4. Disclosure of relationships Ms. Mona Bhide is not related Not Applicable between directors (in case to any of the Directors or Key of appointment of a Managerial Personnel or director); Promoters and Promoter Group of the Company. 5. Membership of the Board Committee(s) Committee Designation Committee Designation Nomination Member Audit Member and Committee Remuneration Nomination Chairman Committee and Remuneration Committee 6. Information as required Ms. Mona is not debarred from Not Applicable under BSE circular no. holding the office of Director by LIST/COMP/14/2018-19, any SEBI order or any other dated June 20, 2018 such authority. Reconstitution of Audit Committee Name of the Director Category Designation Rajender Mohan Malla Independent Director Chairman Mahesh Chhabria Independent Director Member Hitesh Mehta Whole – Time Director Member 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