Waaree Energies has conducted a comprehensive analyst and institutional investor conference call on February 25, 2026, to address the impact of US countervailing duties on Indian solar imports, reaffirming its strategic position and operational resilience through diversified supply chains.

Conference Call and Regulatory Filing

The company filed a transcript of the conference call with BSE Limited and National Stock Exchange of India Limited on February 27, 2026, pursuant to Regulation 30 of SEBI regulations. The call was moderated by MUFG Intime India Private Limited and featured key management including Whole-time Director and CEO Amit Paithankar, CFO Sonal Shrivastava, and Group Head Finance Abhishek Pareek.

Management Position on US Countervailing Duties

CEO Amit Paithankar confirmed that the US Department of Commerce's preliminary countervailing duty of 126% on certain solar imports from India does not materially impact the company's operations. The company has successfully continued ramping up US shipments despite earlier 50% duties through its diversified supply chain and investments in Oman for fully traceable, non-Chinese polysilicon.

US Manufacturing Capacity and Expansion

The company maintains approximately 2.60 GW of current US module manufacturing capacity and plans to expand to approximately 4.20 GW by mid-2026. This includes the recently acquired Meyer Burger facility and new capacity under construction in Texas.

Supply Chain Strategy and Tariff Structure

CFO Sonal Shrivastava explained that tariffs apply based on the jurisdiction where solar cells are produced, not where modules are assembled. The company sources cells from jurisdictions with approximately 10% tariff rates, avoiding the 126% duty applicable to India-made cells. The company has maintained non-Chinese sourcing for US supplies since 2019.

Order Book and Market Outlook

Group Head Finance Abhishek Pareek highlighted strong order book growth from approximately ₹40,000 crores at the beginning of the financial year to ₹60,000 crores as of the last earnings call. The company expects US solar demand to reach 70-80 GW annually, driven by data center expansion and AI infrastructure requirements.

The management emphasized that the company's diversified revenue streams, including retail distribution, overseas manufacturing, and EPC services, provide resilience against market volatility while maintaining premium pricing across key segments.

Waaree Energies Limited has announced a scheduled meeting with analysts and institutional investors on February 28, 2026, at CVOC A Investocraft 2026 in Mumbai. The company has informed both BSE and NSE about this upcoming meeting in compliance with SEBI regulations.

Meeting Schedule and Details

The company has issued the notification under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be conducted in person with company officials hosting both group and one-on-one interactions with investors.

Regulatory Compliance Framework

The company has emphasized that discussions during the meeting 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 meeting 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 digitally signed by Rajesh Ghanshyam Gaur, Company Secretary and Compliance Officer (M.No. A34629), on February 25, 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 and investor events.