Waaree Renewable Technologies Ltd — Important, 30-08-2025: Company Update

Waaree Renewable Technologies has progressed with its proposed investment in Smart Joules Private Limited (SJPL). The company executed a Deed of Adherence, marking a key step in this strategic move. The transfer of equity shares from one existing shareholder has been completed, while the transfer from another is currently under process. Additionally, SJPL has allotted Compulsory Convertible Preference Shares to Waaree RTL, with their credit to the company's demat account also underway. This update signifies the ongoing execution of Waaree RTL's investment to expand its business scope.