Waaree Energies promoter transfers shares to trusts
Waaree Energies Ltd. promoter Mr. Chimanlal Tribhuvandas Doshi transferred 200,000 equity shares, representing 0.069% of the total paid-up equity share capital, to Ratnakukshi Bhakti Foundation and Jain Education and Empowerment Trust on June 01, 2026. This transfer supports charitable and educational initiatives and follows an earlier expression of interest to donate 1% of the equity share capital.
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Waaree Energies Ltd. promoter Mr. Chimanlal Tribhuvandas Doshi transferred 200,000 equity shares, representing 0.069% of the total paid-up equity share capital, to Ratnakukshi Bhakti Foundation and Jain Education and Empowerment Trust on June 01, 2026. This move supports charitable and educational initiatives, reinforcing the promoter family's commitment to contributing to society.
The transfer follows an earlier intimation dated October 06, 2025, regarding the promoter family's expression of interest to donate 1% of the equity share capital for charitable purposes. The latest transaction marks a further step in fulfilling this commitment.
Transfer Details
The shares were transferred to two distinct charitable trusts. The breakdown of the transaction is as follows:
| Recipient | Shares Transferred | Percentage of Paid-up Capital |
|---|---|---|
| Ratnakukshi Bhakti Foundation | 200,000 | 0.069% |
| Jain Education and Empowerment Trust | 200,000 | 0.069% |
Note: The table reflects the total shares transferred and the corresponding percentage of the paid-up capital as disclosed in the filing.
The intimation was submitted to the BSE Limited and the National Stock Exchange of India Limited by Rajesh Ghanshyam Gaur, Company Secretary & Compliance Officer of Waaree Energies Limited. The information is also available on the company's website.
Historical Stock Returns for Waaree Energies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.45% | +2.24% | -2.17% | -4.05% | +4.47% | +30.45% |
What is the timeline for the promoter family to complete the remaining transfer of the pledged 1% equity share capital?
How will the potential dilution of promoter holding impact the governance structure or strategic decision-making at Waaree Energies?
Will the company establish a formal framework to monitor and report the social impact generated by these charitable trusts?
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