Waaree Energies management has announced that newly imposed duty regulations will not impact the company's operational activities, according to reports from ZEE.

Management Response to Regulatory Changes

The company's management team has expressed confidence that the recent duty implementation will not disrupt their business operations. This statement suggests that Waaree Energies has positioned itself strategically to handle regulatory modifications without significant operational impact.

Operational Resilience

The management's assurance indicates that the company has likely implemented appropriate measures or maintains sufficient operational flexibility to absorb the effects of the new duty structure. This demonstrates the company's preparedness in navigating changing regulatory environments within its sector.

Business Continuity

By stating that operations will remain unaffected, Waaree Energies management signals confidence in the company's ability to maintain business continuity despite external regulatory pressures. This position reflects the company's operational stability and strategic planning capabilities.

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.