The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Doshi & Others
WAAREEENER · price
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On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 1.8 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Four Doshi family members (Pankaj, Kirit, Hitesh, and Viren Chimanlal Doshi) acquired 61,942 shares (30.97%) of Waaree Sustainable Finance Pvt Ltd (WSFPL) from their immediate relatives (wives and sons) via an off-market gift transfer on May 23, 2025. Since WSFPL holds 18.37% in Waaree Energies, this translates to an indirect 5.69% change in effective economic interest in Waaree Energies. However, there is no direct change in the combined promoter and promoter group shareholding in Waaree Energies, which remains at roughly 39.18% pre and post transaction. The acquirers each retain their original direct stake in the company (Pankaj 8.56%, Kirit 3.55%, Hitesh 4.91%, Viren 3.81%). The transaction was carried out without any monetary consideration and qualifies for exemption under Regulation 10(1)(a)(i) for inter-se transfers among immediate relatives.
This is a neutral internal family restructuring with no impact on public shareholders or overall promoter control. No change in direct shareholding of Waaree Energies, so no effect on stock price or public float is expected.