Waaree Energies has announced a major development in its renewable energy portfolio through its wholly owned subsidiary. The company disclosed that Waaree Forever Energies Private Limited has secured approval and received a significant wind power project contract from a leading government entity.

Project Award Details

Waaree Forever Energies Private Limited received the Letter of Award on February 24, 2026, from Solar Energy Corporation of India Limited for developing a substantial wind power project. The project specifications and key parameters are outlined below:

Contract Terms and Duration

The project comes with favorable long-term arrangements that provide revenue stability for the company. The Power Purchase Agreement associated with this wind power project carries a validity period of 25 years from the scheduled commencement of supply date, ensuring sustained cash flows over an extended period.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by making the requisite disclosure under Regulation 30 of the SEBI Listing Regulations. The announcement was made in compliance with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, demonstrating the company's commitment to transparency and regulatory adherence.

Related Party and Commercial Considerations

The contract structure maintains arm's length commercial terms with no related party implications. Key commercial aspects include:

• No promoter or group company interest in the awarding entity
• No related party transaction classification
• Development focused on 300MW wind power capacity in Gujarat
• Strategic expansion in the renewable energy sector

This wind power project approval represents a significant addition to Waaree Energies' renewable energy development portfolio, strengthening its position in India's growing clean energy landscape through its subsidiary operations.

Waaree Energies Limited has announced a scheduled plant visit by analysts and institutional investors at its manufacturing facilities in Gujarat on February 27, 2026. The company has informed both BSE and NSE about this upcoming physical meeting in compliance with SEBI regulations.

Regulatory Compliance and Meeting Details

The company has issued the notification under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The physical meeting will involve company officials hosting a group of investors at the Gujarat manufacturing facilities.

Information Disclosure Framework

The company has emphasized that discussions during the plant visit will be based solely on publicly available information. No unpublished price sensitive information relating to the company will be disclosed during the interactions with investors and analysts.

Waaree Energies has also noted that changes to the scheduled visit may occur due to exigencies on the part of the host or company. The latest investor presentation remains available on the company's website at www.waaree.com for reference.

Corporate Communication

The notification was signed by Rajesh Ghanshyam Gaur, Company Secretary and Compliance Officer, on February 24, 2026. The company maintains its registered office at Western Edge in Borivali East, Mumbai, and continues to engage with the investment community through structured interactions at its operational facilities.