Hitesh Chimanlal Doshi, Kirit Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj 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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Four promoters of Waaree Energies – Hitesh, Kirit, Viren, and Pankaj Chimanlal Doshi – received 1,93,80,002 equity shares (6.75% of the company) from their respective Hindu Undivided Families (HUFs) following the dissolution of those HUFs. The transfers took place on June 2 and June 3, 2025, at no price as they were done through inheritance/succession. As a result, each promoter's individual holding rose (e.g., Viren Doshi from 9.45% to 11.74%, Pankaj Doshi from 8.82% to 11.39%), but the total promoter and promoter group shareholding remains unchanged at 45.93%. The transaction qualifies for exemption under Regulation 10(1)(g) of SEBI's Takeover Regulations.
This is an internal restructuring of promoter holdings, not a new market purchase, so there is no real change in promoter control or voting power. Investors are unlikely to see any meaningful impact on the stock price from this disclosure.