Waaree Energies Limited has disclosed a violation of its insider trading code by a designated person, highlighting the company's commitment to regulatory compliance and transparency in corporate governance matters.

Violation Details and Involved Personnel

The violation involved Ruchit Jain (PAN: BSAPJ5915Q), who serves as Associate Manager in the HO-Accounts & Finance department. Jain is not a promoter or part of the promoter group but holds designated person status under the company's insider trading regulations.

Transaction Specifics

The unauthorized trading activity occurred over two consecutive days in November 2025, involving intraday and short-term transactions in Waaree Energies shares.

Code Violations Identified

The company identified two specific violations of its insider trading code:

• Pre-clearance violation: Mandatory pre-clearance was not obtained before executing the transactions
• Contra trading: The transactions qualified as contra trades, being executed within six months of previous trades

The total trade value exceeded ₹10 lakh in the calendar quarter, making it subject to enhanced reporting requirements under SEBI regulations.

Company's Remedial Actions

Waaree Energies took immediate corrective measures following the discovery of the violation:

• Issued a written warning to Ruchit Jain with strict instructions against future violations
• Directed compliance with the Code of Conduct and SEBI PIT Regulations
• Mandated disgorgement of ₹1,400.00 profit to SEBI's Investor Protection and Education Fund

Regulatory Compliance and Rationale

The company justified its measured response by considering the inadvertent nature of the violations and the non-material quantum of trades. The written warning was deemed appropriate given that the transactions were carried out without intention to violate SEBI regulations.

As per SEBI PIT Regulations, the ₹1,400.00 profit earned in violation of insider trading rules was required to be disgorged to the Investor Protection and Education Fund, which has been completed. The company reported no previous instances of such violations since the last financial year, indicating this as an isolated incident.

Waaree Energies has set its sights on achieving its established EBITDA targets, signaling the company's commitment to meeting key profitability metrics. The renewable energy company's focus on EBITDA goal achievement underscores its strategic approach to financial performance management.

Strategic Financial Focus

The company's emphasis on meeting EBITDA objectives reflects its dedication to maintaining operational efficiency and profitability standards. This commitment demonstrates Waaree Energies' systematic approach to achieving predetermined financial benchmarks.

Company Performance Outlook

By targeting EBITDA goal achievement, the company is positioning itself to deliver on its financial commitments. This focus on earnings before interest, taxes, depreciation, and amortization metrics indicates the company's attention to core operational profitability measures.

The renewable energy sector company's commitment to meeting these financial targets reflects its strategic planning and execution capabilities in the current market environment.