Waaree Energies Limited — Others, 26-02-2025: Action(s) initiated or orders passed

WAAREE Energies Ltd. reports that on February 25, the Assistant Commissioner of State Tax in Mumbai conducted a search at its registered office and its subsidiary, Waaree Renewable Technologies Ltd. The inspection focused on the companies' operations, and they are currently in the process of providing requested details. Importantly, the search has not disrupted normal operations, and any potential financial impact is yet to be determined. This development may introduce some uncertainty, but the company's proactive cooperation could be seen as a step towards maintaining investor confidence.