The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh C Doshi & PACs
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Waaree Technologies promoter Hitesh C Doshi, along with Pankaj, Viren, and Kirit C Doshi, transferred a total of 18,15,100 shares (16.86% of equity) by way of gift to other immediate relatives on May 14, 2025. Recipients included Binita Hitesh Doshi, Ankit Hitesh Doshi, Nipa Viren Doshi, Bindiya Kirit Doshi, Rushabh Pankaj Doshi, and Pujan Pankaj Doshi. The transfer was off-market and inter-se among qualifying family members. The overall promoter and promoter group holding remains unchanged at 63,32,642 shares (58.81%) before and after the transfer.
This is an internal family reshuffle among promoters with no change in total promoter stake or voting power. Shareholders should see no impact on the company's control structure or stock price from this transaction.