Chimanlal Tribhuvandas Doshi has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Chimanlal Tribhuvandas Doshi (promoter group member, father) proposes to acquire 13,19,63,212 equity shares (45.93% of total share capital) of Waaree Energies as a gift from his four sons — Hitesh, Kirit, Viren, and Pankaj Doshi. The transfer is without any consideration and falls under the inter-se transfer exemption (SEBI Takeover Regulations 10(1)(a)(i)). This is part of a larger family succession restructuring: on May 30, 2025, daughters-in-law (wives of the four brothers) gifted 18.35% shares (5.27 crore shares) to their husbands; on June 2-3, 2025, four family HUFs were dissolved and 6.75% (1.94 crore shares) were transferred to the brothers as Kartas; and on May 23, 2025, an indirect 5.69% stake (via gift of shares in promoter entity Waaree Sustainable Finance Pvt Ltd) was also re-arranged. The aggregate promoter and promoter group shareholding in Waaree Energies remains unchanged — this is purely internal reorganization with no change to public shareholding or voting control. The acquisition is expected to be completed on or after June 20, 2025.