Promoter Doshi gifts WSFPL stake to C.T. Doshi Family Trust
WAAREEENER · price
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Chimanlal Tribhuvandas Doshi, promoter of Waaree Energies, transferred 1,99,999 shares (about 100 percent) of Waaree Sustainable Finance Pvt Ltd (WSFPL) to C.T. Doshi Family Trust by way of gift on August 6, 2026. Since WSFPL holds 18.34 percent in Waaree, this is an indirect transfer of 5.27 crore Waaree shares. Mr Doshi's direct holding in Waaree stays at 46,90,309 shares (1.63 percent). The gift is part of family succession planning (he is aged about 91). SEBI exempted the trust from open offer obligations. Promoter group holding in Waaree remains unchanged at 64.22 percent.
Internal family restructuring via gift. No change in promoter group stake or control. Exempted from open offer. Neutral for public shareholders.