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 promoter-group members — Hitesh, Kirit, Viren, and Pankaj Chimanlal Doshi — have acquired a cumulative 5,27,27,955 equity shares (18.35%) of Waaree Energies from their respective spouses and Pankaj's son as gifts on May 30, 2025. The transfers were made without any consideration as inter-se transfers among immediate relatives, qualifying for exemption from open offer under SEBI Takeover Regulations. Post-transaction, the four acquirers collectively hold 39.19% of the company (up from 20.83%), while the transferors' holdings are reduced to negligible levels. The disclosure was filed under Regulation 10(6), following the prior intimation under Regulation 10(5) on May 24, 2025.
No change in overall promoter group ownership — only reshuffled among family members, so no material impact on share price or minority shareholders. The transaction simply consolidates direct holdings in the names of the four promoter brothers, which may streamline decision-making but does not signal any new buying or selling intent by the promoter group.