5442772026-08-145442772026-08-14in-capmkt:ArrangementsForStrategicOrTechnicalOrManufacturingOrMarketingTieUpMemberWAAREEENERWaaree Energies Limited544277NOTLISTEDINE377N01017Arrangement/Adoption of new line/Closure of operations (Sub-para 2-Para B)Arrangements for strategic, technical, manufacturing, or marketing tie upNewfalse2026-08-1316:35:002026-08-14Joint Venture (JV)Agreement executed between Waaree Power Private Limited ("WPPL"), SmartenGrand Limited ("SGL") and Waaree Semicon Private Limited ("Waaree Semicon") (together referred to as “Parties”).The Parties propose to enter into the joint venture for the purpose of manufacturing and supplying semiconductor products, including power application diodes and related products and setting up semiconductor fabrication unit in Gujarat, India.DomesticSubject to closing conditions as per the Joint Venture Agreement, WPPL will hold 86.83% and SGL will hold 13.17% shareholding in Waaree Semicon Private Limited.As stated in 'Area of agreement/JV'Based on the requirements, the business parties will subscribe to the equity capital of Waaree Semicon as per the valuation report received from independent valuer, either in cash or kind.The broad terms of the Agreement provides for the following; • The Board composition shall be in accordance with each Party’s equity contribution in the joint venture; • The Parties shall appoint key managerial persons in Waaree Semicon in accordance with their respective expertise; • other customary and/or commercially agreed conditions with respect to representations, warranties, indemnities, termination and dispute resolution.falseWaaree Semicon is a newly incorporated Company and is yet to commence business operations.The joint venture is intended to offer improved and competitive products in the market by leveraging SGL’s technology and design expertise and Waaree’s infrastructure, financial capability, and market presence.