Hitesh Chimanlal 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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Awaiting price reaction for this filing.
Chimanlal Tribhuvandas Doshi (father) has received 13.19 crore equity shares of Waaree Energies, equal to 45.93% of the company, as a gift from his four sons — Hitesh, Kirit, Viren, and Pankaj Doshi. Each son transferred roughly 11–12% of the company (about 3.27–3.37 crore shares each) to their father without any consideration. The transfer was done on June 24, 2025, under the inter-se transfer exemption for immediate relatives under SEBI Takeover Regulations. Before this, the father held zero shares; after the transfer, the four sons each hold 0%, while the father holds 45.93%. Total promoter-group shareholding remains unchanged at 45.93% — it has simply been consolidated under the father.
No change in total promoter ownership or in the number of outstanding shares, so there is no direct dilution or shift in control. The market may read this as family succession/consolidation planning rather than a corporate event, and it is unlikely to move the share price on its own.