Waaree Energies Limited has informed the Exchange regarding Resignation of Ms Sonal Shrivastava as Chief Financial Officer of the company w.e.f. March 20, 2026.
WAAREEENER · price
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On the reaction day the stock moved 1.1 pts more than Nifty Midcap 150 and 1.4 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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Waaree Energies announced a major top management reshuffle at its board meeting on March 20, 2026. CEO Mr. Amit Paithankar is being relieved earlier than the previously announced May 15, 2026 date, in a mutually agreed separation. CFO Ms. Sonal Shrivastava also resigned after serving her notice period, citing plans to pursue strategic leadership opportunities outside the group. The company moved quickly to fill both roles with internal candidates: Mr. Jignesh Rathod (with Waaree since 2007) was appointed CEO for a five-year term effective March 21, 2026, and Mr. Abhishek Pareek (Group Finance Head since 2017) was named the new CFO. Two additional senior management positions (Deputy CFO and President – Growth & Strategy) were also created, both effective April 1, 2026.
Although the simultaneous exit of the CEO and CFO could trigger short-term stock volatility, both positions have been filled with experienced internal candidates, suggesting a planned succession rather than sudden disruption. The accelerated CEO departure (earlier than the previously communicated timeline) may be the key watchpoint for investors in the near term.