Waaree Renewable completes Smart Joules acquisition

Waaree Renewable Technologies Limited has officially completed its acquisition of equity shares and Compulsory Convertible Preference Shares (CCPS) in Smart Joules Private Limited ("SJPL"). This announcement, dated September 3, 2025, follows previous intimations regarding the investment.

The company confirmed that both the equity shares and CCPS of SJPL have been successfully credited to its demat account, finalizing the transfer and allotment. This completion signifies the full execution of Waaree Renewable Technologies' investment strategy in SJPL.

Further details regarding this transaction are available on the company's official website, www.waareertl.com. The information has been formally submitted to both BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Regulations, 2015.