Waaree Energies Limited has informed the Exchange regarding Outcome of Board meeting held on December 29, 2025.
WAAREEENER · price
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Waaree Energies' Board met on December 29, 2025, and accepted the resignation of Mr. Amit Paithankar, Whole Time Director & CEO, who is leaving to join Saarv Solutions Private Limited as a co-founder. He will be relieved on or before May 15, 2026. The Board also approved the appointment of Mr. Jignesh Rathod, currently Director – Operations, as CEO-Designate with immediate effect. Mr. Rathod will formally take over as CEO and Key Managerial Personnel from May 16, 2026, after a transition period alongside the outgoing CEO. Mr. Rathod has been with the company since November 2007, bringing over 18 years of experience in manufacturing operations, capacity expansion, and large-scale execution.
This is a well-planned internal succession with a roughly five-month handover period, which should support leadership continuity and operational stability. For shareholders, the transition is from a long-tenured insider with deep operational expertise, reducing execution risk, though the departure of an experienced CEO in a growth-phase solar company may draw some short-term attention from the market.