Waaree Energies Responds to US Probe for Alleged Duty Evasion on Solar Imports

Waaree Energies Ltd. has responded to a news item appearing in www.thehindubusinessline.com dated 26th September 2025, regarding a US probe into the company for alleged duty evasion on solar imports. The company operates a 1.6GW module manufacturing facility in Texas, which is being expanded to 3.2GW. Waaree Solar Americas, the US subsidiary, has also recently acquired assets of Meyer Burger, US, to further expand manufacturing in the US. The company is committed to building its manufacturing footprint in the US and has cooperated with US investigations in the past and will continue to do so in the ongoing investigations. Waaree Energies operates as a responsible corporate citizen in every country it operates in and abides by all applicable local laws and regulations. The company will make necessary disclosures at the appropriate time in accordance with Regulation 30 of the Listing Regulations. The movement in the share price is market-driven and there is no Unpublished Price Sensitive Information pending to be disclosed to the stock exchanges.