Waaree Renewable Technologies Ltd — Updates, 31-07-2025: Company Update

Waaree Renewable Technologies provided an update on its proposed investment in Smart Joules Private Limited. The company has now executed the definitive agreements for the acquisition, which involves purchasing equity shares and subscribing to compulsory convertible preference shares (CCPS). While the full completion of this investment was initially targeted for July 31, 2025, the company now expects the transfer and allotment of securities to be finalized by August 30, 2025, due to procedural requirements. A Deed of Adherence will be executed upon the acquisition's completion, marking progress on this strategic move.