More Details on This News

Waaree Energies Limited announced significant leadership changes following a Board of Directors meeting held on December 29, 2025. The Board accepted the resignation of Mr. Amit Paithankar, Whole Time Director & Chief Executive Officer, who is leaving to pursue opportunities elsewhere. Mr. Paithankar is expected to be relieved from his duties on or before May 15, 2026, with the Board expressing gratitude for his contributions to the company's operational capabilities and expansion.

Concurrently, based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Jignesh Rathod as Chief Executive Officer – Designate, effective immediately. Mr. Rathod, currently Director – Operations, will work alongside the outgoing CEO during the transition. His formal appointment as Chief Executive Officer and Key Managerial Personnel will be effective from May 16, 2026, or earlier upon Mr. Paithankar's release. Mr. Rathod brings over 18 years of experience in manufacturing operations, capacity expansion, and process optimization, having been with the company since November 28, 2007. The Board expressed confidence in his leadership for the company's next growth phase, emphasizing the smooth succession plan to ensure continuity and stability.