WAAREE ENERGIES Q2: ACQUIRES 100% STAKE IN WAAREE GREEN DATA CENTERS; PLANS ENTRY INTO AI-READY DATA CENTRE BUSINESS

• Acquisition: Approved acquisition of 100% stake in Waaree Green Data Centers Pvt Ltd from its subsidiary Waaree Renewable Technologies Ltd • Subsidiaries: Acquisition includes Aurovault Data Centers and Sunstar Data Centers, both wholly owned subsidiaries of Waaree Green Data Centers • Acquisition Value: ₹1 Lakh cash consideration for 10,000 equity shares at ₹10 each • Data Centre Expansion: Company evaluating entry into developing, owning and operating data centres in India and abroad • AI Infrastructure: Plans to explore hyperscale, AI-ready and edge data centres • Digital Infrastructure: Proposed business includes cloud services and allied digital infrastructure solutions • Completion Timeline: Acquisition expected to be completed during FY27 • Group Restructuring: Related-party transaction involving transfer of ownership within the Waaree Group on an arm's-length basis • Business Diversification: Data centre business could create a new growth vertical beyond solar energy manufacturing Impact: Neutral to Positive (Internal acquisition positions Waaree Energies to explore AI-ready data centres and digital infrastructure opportunities, but commercial investments, execution plans and revenue contribution remain uncertain.)

WAAREE ENERGIES LIMITED

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