Please find attached herewith Annual Report for 2025-26

Execution with Pace & Comfort August 31, 2026 To To The Manager The Manager BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East) Mumbai-400001 Mumbai - 400 051 Scrip Code: 534618 Scrip Symbol: WAAREERTL Sub.: Notice of the 27th Annual General Meeting and the Annual Report for the Financial Year 2025-2026 Dear Sir/Madam, Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the Annual Report for the Financial Year 2025-2026 along with the Notice of the 27th Annual General Meeting (“AGM”) of the Company to be held on Wednesday, September 23, 2026 at 11.00 a.m. (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”). The said Notice which forms a part of the Annual Report for the financial year 2025-2026 has been sent electronically to the Members whose e-mail IDs are registered with the Company/Registrar and Share Transfer Agents of the Company/Depositories viz. the National Securities Depository Limited and Central Depository Services (India) Limited. The Notice of the AGM and the Annual Report has also been uploaded on the website of the Company at www.waareertl.com. Please take the same on your records and suitably disseminate to all concerned. Thanking you, Yours faithfully, For Waaree Renewable Technologies Limited Heema Shah Company Secretary ACS 52919 Email Id: info@waareertl.com Enclosed: As above Waaree Renewable Technologies Limited (A subsidiary of Waaree Energies Limited) 504, Western Edge-1, Off. Western Express Highway, Tel.: +91 22 6644 4444 CIN : L93000MH1999PLC120470 Borivali (E), Mumbai 400 066. Maharashtra INDIA E : info@waareertl.com GST: 27AADCS 1824J2ZB W : www.waareertl.com Powering India’s Solar EPC Solutions Energy Transition Where Engineering Excellence Meets Execution Consistency Transmission Infrastructure ANNUAL REPORT 2025-26 Substations Battery Energy Storage Solutions Data Center Solutions SOLAR SUBSTATIONS TRANSMISSION BATTERY ENERGY DATA CENTER ROOFTOP & HYBRID EPC SOLUTIONS (AIS & GIS) INFRASTRUCTURE STORAGE SOLUTIONS SOLUTIONS FLOATING SOLAR Where Engineering Excellence Read Inside Meets Execution Consistency Corporate Overview Statutory Reports About the Company 2 Notice 52 India's renewable energy transition is scaling fast and Key Highlights 4 Board’s Report 83 scale is raising the bar on execution. Our Footprint 7 Corporate Governance Report 170 Our Journey 8 The sector now needs execution EPC foundation and integrated FY 2025-26 reflected the strength MD's Message 10 that is predictable, engineering execution capabilities. Our of this operating model. We Financial Statements that is precise and partners that capabilities span design and delivered robust revenue and Our Strategic Acquisition 14 can carry projects from design engineering, procurement, profitability growth, executed Ongoing Projects 18 Standalone Financial Statements 193 to delivery with discipline. Solar inspection and process control, our highest-ever annual project End-to-End Solutions 20 Consolidated Financial Statements 255 has become the principal driver construction, field quality capacity, sustained a healthy of this shift, supported by policy monitoring and transmission unexecuted order book and Comprehensive Expertise 22 continuity, rising utility-scale and distribution, supported by strengthened our O&M base. Orderbook and Execution 24 demand, wider adoption across long-term O&M services. These We also continued to evaluate External Opportunities 28 customer segments, open-access capabilities are supported by opportunities across BESS EPC, opportunities and the growing disciplined vendor selection, T&D EPC, Data Centre EPC and Value Proposition 32 relevance of storage-led solutions. structured quality checks and adjacent clean energy segments, Growth Strategy 34 This is widening the role of EPC centralised monitoring of projects while advancing our presence players from project contractors under execution. Our relationships in the IPP space. As India’s Value Creation Model 38 to integrated execution partners with lenders, consultants, suppliers renewable sector demands Key Financial Metrics 40 responsible for scale, quality, safety and developers further reinforce greater reliability across every Environmental, Social and Governance 42 and long-term asset performance. our credibility as a dependable stage of project delivery, our partner for complex renewable progress reflects the discipline of Corporate Information 51 Waaree Renewable Technologies energy projects. “Where Engineering Excellence Limited is positioned at this Meets Execution Consistency.” intersection with a strong solar Investor Information ₹ 9,519.47 crore WAAREERTL, 534618 L93000MH1999PLC120470 Market Capitalisation as NSE and BSE Code CIN on July 31, 2026 INE299N01021 September 23, 2026 Virtual ISIN Code AGM Date AGM Mode For viewing the Annual Report, please visit Or simply scan the QR code https://waareertl.com/upload/media/annual_25_26_1787656197.pdf Rubamin - Halol, Gujarat 2 Waaree Renewable Technologies Limited | Annual Report 2025-26 Corporate Overview 3 About the Company Delivering Renewable Energy Excellence Get It Done Dream Big Waaree Renewable Technologies Limited ('WRTL', or 'the Company' or 'We') is one of India's leading end-to-end renewable energy EPC solution providers, offering integrated solar solutions across utility-scale, commercial and industrial segments. With a proven track OUR VALUES record, the Company delivers cost-effective, scalable and high-quality clean energy We deliver renewable solutions across diverse markets. Improve energy innovations with Dive Deep and Innovate a shared commitment Headquartered in Mumbai, the Company operates across solar EPC, operations and maintenance, T&D to people, society, & EPC, BESS EPC and Data Centre EPC, while also developing, owning and operating solar projects as an IPP. environment, guided by This integrated operating model, supported by asset management capabilities, enables WRTL to address our core values. opportunities across the clean energy value chain. Reliability and efficiency remain central to its value proposition, reflected in disciplined execution, predictable delivery and consistent project outcomes. Team to Win Be Humble Vision Core values To lead the Global Energy transition to NET ZERO Customer First emissions through • Single point of accountability sustainable and innovative • Integrated project approach EPC services, committed • Transparent communication and reports to excellence, integrity, and environmental stewardship. Integrity • 100% on-time delivery • ISO-certified processes • In-house regulatory compliance Mission Safety To be a global leader • Building a safety culture in sustainable energy • Following industry-best safety practices solutions, driving • Prioritizing employee health and welfare innovation and excellence in EPC services. Juna Renewable Energy - Bikaner, Rajasthan 4 Waaree Renewable Technologies Limited | Annual Report 2025-26 Corporate Overview 5 Key Highlights Financial Highlights Growth Engineered with Excellence The Company’s momentum in FY 2025-26 was driven by strong project delivery, disciplined ₹ 3,331.42 crore ₹ 641.10 crore cost management and sustained demand in the solar EPC market. It strengthened its execution track record, expanded into emerging clean energy segments and delivered robust financial Revenue from operations EBITDA* growth. A healthy order book and strong bidding pipeline provided near-term visibility, 108.51% yoy 106.21% yoy reinforcing confidence in its operating model amid India’s renewable energy transition. Operational Highlights ₹ 478.65 crore ₹ 45.91 PAT EPS 16 years 5.06 GWp 109.09% yoy 108.68% yoy EPC Experience Solar EPC Portfolio ₹ 933.83 crore 68.93% 54.82 MWp 2,727 [Showing first 8,000 characters — download PDF for full document]