Waaree Renewable Technologies Ltd — Important, 23-12-2025: Company Update

Waaree Renewable Technologies has received an assessment order from the Assistant Commissioner of State Tax, Mumbai, for INR 1,24,446. This relates to an alleged non-reversal of common input tax credit for exempt supply during April 2021 to March 2022. The company is taking steps to appeal this order. The financial impact is limited to this amount and is not expected to have any material adverse impact on the company’s financial position, operations, or other activities, indicating a minor compliance matter with negligible financial implications for shareholders.