Waaree promoter trust gets 44.14% stake as gift from founder for succession

C.T. Doshi Family Trust, part of the promoter group, received 12.69 crore equity shares (44.14 percent) of Waaree Energies from founder Mr. Chimanlal Tribhuvandas Doshi on July 16, 2026 as a gift with no cash consideration. The trust also indirectly picked up 5.27 crore shares (18.34 percent) by buying 99.9995 percent of Waaree Sustainable Finance Pvt Ltd from the same seller. Post deal, the trust holds 62.49 percent of Waaree combined. SEBI exempted this from open offer rules under Regulations 3, 4 and 5 via its July 3, 2026 order. Purpose is family succession and intergenerational wealth transfer. Overall promoter group holding stays the same, only reshuffled internally.