Waaree Energies Limited has informed the Exchange regarding Appointment of Mr Mahesh Ramchand Chhabria as Non- Executive Independent Director of the company w.e.f. July 01, 2025.
WAAREEENER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Waaree Energies' board approved the appointment of Mr. Mahesh Ramchand Chhabria (DIN: 00166049) as an Additional Non-Executive Independent Director for a first term of five years, from July 1, 2025 to June 30, 2030, subject to shareholder approval. Separately, Mr. Sujit Kumar Varma (DIN: 09075212) resigned as Independent Director effective close of business on July 1, 2025. Mr. Varma cited completion of over 4 years on the board and a desire to realign his board roles to take on new engagements. Mr. Chhabria is a Chartered Accountant and former Managing Director of Kirloskar Industries Limited, with prior experience in private equity (Actis) and investment banking, and is not related to any promoter or KMP.
This is a routine board refresh with one independent director exiting and a professionally experienced successor joining. The resignation appears amicable with no governance red flags, and the new appointee brings strong industry and financial expertise, which should be viewed positively by shareholders.