The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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The promoter and promoter group of Waaree Technologies Limited have informed the exchange about a proposed inter se transfer of 18,15,100 equity shares (approximately 16.85% of share capital) among immediate relatives of the promoters of the Doshi family. The shares are being transferred as gifts, with no monetary consideration, citing natural love and affection. The transfers involve four promoters (Hitesh, Viren, Kirit, and Pankaj Doshi) gifting shares to their spouses and children. The combined promoter group holding remains unchanged since it is an internal family reshuffle, with individual stakes being redistributed — for instance, Hitesh Doshi's holding reduces from 8.35% to 2.82%, while Ankit Hitesh Doshi goes from nil to 3.02%.
Since this is an inter se transfer within the promoter family, the total promoter shareholding in the company does not change. There is no material impact on the stock price, though it indicates a family-level succession or estate planning exercise that consolidates shares in the next generation of the Doshi family.