C. T. Doshi Family Trust Acquires 44.14% in Waaree Energies

C. T. Doshi Family Trust, a member of the Promoter Group of Waaree Energies Limited, has acquired 12,69,82,903 equity shares, representing 44.14% of the total equity share capital. This acquisition was made through an inter se transfer by way of gift from Mr. Chimanlal Tribhuvandas Doshi. The stated rationale is to streamline succession, facilitate smooth intergenerational wealth transfer, and promote family welfare. The transaction is exempted from open offer obligations under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, vide an SEBI Exemption Order dated July 03, 2026. The transferor, Mr. Chimanlal Tribhuvandas Doshi, has seen his shareholding reduce from 45.78% to 1.63%. The acquisition was completed on July 16, 2026, with the disclosure filed on July 17, 2026.