Waaree Energies Limited has informed the Exchange regarding Outcome of Board Meeting held on Friday, March 20, 2026.
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Waaree Energies' board, at its meeting on March 20, 2026, carried out a major leadership reshuffle at the top. Whole-Time Director & CEO Amit Ashok Paithankar was relieved with immediate effect, earlier than the previously announced May 15, 2026 exit. He is being replaced by Jignesh Devchandbhai Rathod, currently CEO-Designate and a long-serving insider since 2007, for a 5-year term starting March 21, 2026, subject to shareholder approval. CFO Sonal Shrivastava also stepped down after completing her notice period to pursue opportunities outside the group, and was replaced by Abhishek Pareek, the current Group Head Finance (with the company since 2017), effective March 21, 2026. Additionally, Munna Singh was named Deputy CFO and Varun Goenka as President – Growth & Strategy, both effective April 1, 2026. All new appointees are internal candidates or long-tenured professionals, pointing to a planned succession rather than a sudden exit.
The CEO and CFO exits are largely pre-flagged and filled by internal candidates, which should limit disruption, but the accelerated CEO transition may draw investor attention. Watch for shareholder approval of Jignesh Rathod's appointment at the next general meeting; until then, the appointment remains provisional.