Waaree Power Private Limited (“WPPL”), a wholly owned subsidiary of the company, has executed a
Share Subscription cum Shareholders Agreement (“SSSA”) on 14th December, 2024
(information of the same has been received by the Company on 15th December, 2024 at
7.34 AM) with Ewaa Renewable Techno Solutions Private Limited (“ERTSPL”) and
existing shareholders of ERTPL namely, Mr. Rajjat Kumar Bothra and Mr. Nitin Bothra for
acquisition of shares in CVPL, to acquire 55% stake in ERTSPL.