Waaree Energies Limited has informed the Exchange regarding Appointment of Mr Jignesh Rathod as Whole - Time Director and CEO of the company w.e.f. March 21, 2026.
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Waaree Energies has carried out a major top-level leadership change effective March 20-21, 2026. Whole-Time Director and CEO Mr. Amit Paithankar has been relieved by mutual agreement, earlier than the previously announced May 15, 2026 transition date. He is being replaced by Mr. Jignesh Rathod, who was already serving as CEO-Designate and has been with the company since 2007; he has been appointed for a five-year term subject to shareholder approval. CFO Ms. Sonal Shrivastava has resigned after completing her notice period, citing her move to pursue strategic leadership opportunities outside the group. Mr. Abhishek Pareek, currently Group Head Finance (with Waaree since 2017 and ~20 years of finance experience including leading ~USD 450 million in PE raises and ~USD 500 million through IPOs), will take over as CFO. Additionally, Mr. Munna Singh joins as Deputy CFO and Mr. Varun Goenka as President – Growth & Strategy, both effective April 1, 2026.
This is a significant but largely planned transition — the new CEO is an internal, long-serving executive, which should provide continuity for shareholders. Simultaneous exit of both CEO and CFO on the same day may create short-term execution risk, though pre-planned succession and internal appointments suggest management has prepared for the change. The new CFO brings strong capital markets and fundraising credentials, which is positive for a growth-stage solar company.