Chimanlal Tribhuvandas Doshi�has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
WAAREEENER · price
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Chimanlal Tribhuvandas Doshi, a promoter group member of Waaree Energies, acquired 1,99,999 equity shares (99.99%) of Waaree Sustainable Finance Private Limited (WSFPL) from his four sons — Pankaj, Kirit, Hitesh, and Viren Doshi — via an inter-se transfer on June 11, 2025. WSFPL holds 18.37% in Waaree Energies, meaning the father now indirectly controls that 18.37% stake instead of his sons. The transfer was carried out as a gift (without consideration) and qualifies for an exemption from making an open offer under Regulation 10(1)(a)(i) of the Takeover Regulations. There is no change in the promoter group's overall shareholding in Waaree Energies, which remains at 45.93%.
This is an internal family restructuring for succession planning and does not change the total promoter group holding in Waaree Energies, so there is no direct impact on minority shareholders or the stock. The consolidation of WSFPL ownership under the father may simplify future decision-making within the promoter family regarding their 18.37% indirect stake.