The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Waaree Technologies Limited reported an inter-se transfer of 18,15,100 equity shares (16.86% of share capital) among immediate relatives of the promoter family on May 14, 2025. The shares were gifted (at nil consideration) from four promoters — Hitesh Chimanlal Doshi (2.82% post), Viren Chimanlal Doshi (12.34%), Kirit Chimanlal Doshi (13.78%), and Pankaj Chimanlal Doshi (9.51%) — to their spouses and children. The recipients included Binita, Ankit, Nipa, Bindiya, Rushabh, and Pujan Doshi, each holding between 2.83%–3.02% post-transfer. Total promoter and promoter group holding remains unchanged at 58.81% before and after the transaction. The transfer qualifies for exemption from open offer under Regulation 10(1)(a)(i), and required disclosures under Regulations 10(5), 10(6), 29(1), and 29(2) were filed with BSE between May 7 and May 16, 2025.
This is a routine internal family reshuffle with no change in total promoter stake (58.81%), so there is no material impact on the stock price or minority shareholders. It simply redistributes ownership among the Doshi family and is exempt from triggering an open offer.