Waaree Energies' stock slipped about 2% on Dec 30, right before it becomes part of the futures and options (F&O) segment, after the company announced its CEO’s resignation.
CEO Resignation
Whole‑Time Director & Chief Executive Officer Amit Paithankar submitted his resignation, which will take effect on May 15, 2026, or earlier if mutually agreed. The board thanked him for strengthening operations, expanding the company's footprint, and laying a solid foundation for long‑term growth.
New CEO Appointed
Jignesh Rathod, the current Director of Operations, was named CEO‑Designate effective immediately and will assume full duties once Paithankar steps down. Rathod has been with Waaree since 2007 and brings over 18 years of experience in manufacturing, capacity expansion, and technology integration.
F&O Inclusion Boost
Starting Dec 31, 2025, Waaree Energies will join three other stocks—Bajaj Holdings, Premier Energies, and Swiggy—in the NSE’s F&O segment. Inclusion is expected to improve liquidity, visibility, and give investors more tools to hedge or trade the stock.
New Inverter Manufacturing Plants
The company’s subsidiary, Waaree Power Private, launched two solar‑inverter lines in Gujarat, each capable of 1.525 GW per year, totaling 3.05 GW. Operations began on Dec 29, adding significant production capacity.
Share Price Trend
- Down ~2% over the past five trading days.
- Down >7% in the last month.
- Up >3% year‑to‑date in 2025.
- Current P/E ratio: >37.
Disclaimer
Remember, this is just an overview, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.