Market Performance
The Waaree Energies share price witnessed a decline of around 2% on December 30, 2025, a day before its debut in the futures and options (F&O) segment. The stock slipped to Rs 2,926.10, extending its losses for the fourth straight session. In the past month, the share has dropped over 7%, although it has shown a cumulative gain of more than 3% in 2025 so far.
Main News: Leadership Change Shakes the Market
Waaree Energies, a prominent solar energy company, announced the resignation of its Whole Time Director & Chief Executive Officer, Amit Paithankar, in a post-market exchange filing on December 29, 2025. The resignation will be effective from May 15, 2026, or an earlier date if mutually agreed upon.
The board acknowledged Mr. Paithankar’s contributions, noting his role in strengthening the company’s operational capabilities and laying the foundation for long-term growth.
Following his departure, the company appointed Jignesh Rathod, the current Director of Operations, as CEO-Designate with immediate effect. Rathod is set to take over officially once Mr. Paithankar steps down.
Company Details: New CEO Brings Continuity
Jignesh Rathod brings over 18 years of experience with Waaree Energies, having joined the company on November 28, 2007. His expertise spans:
- Manufacturing operations and capacity expansion
- Process optimization and technology integration
- Large-scale project execution and operational efficiency
Rathod oversees end-to-end operations across all manufacturing facilities, playing a key role in scaling production capacities, strengthening quality systems, and driving modernization initiatives. He holds a Bachelor’s in Engineering from Gujarat University, an MBA from NMIMS, Mumbai, and a Doctorate in Business Administration from XIBMS.
The company highlighted that Rathod’s leadership has been crucial in building resilient operations aligned with Waaree Energies’ long-term strategic vision.
F&O Inclusion: Boosting Visibility and Liquidity
The National Stock Exchange recently announced the inclusion of Waaree Energies in the F&O segment, effective December 31, 2025. Alongside Waaree Energies, the stocks of Bajaj Holdings and Investment, Premier Energies, and Swiggy were also added.
Key points on F&O inclusion:
- Expected to enhance liquidity and visibility for the stock
- Offers trading and hedging opportunities for investors
- Several other stocks, including HFCL, NCC, Cyient, and Titagarh Rail Systems, are set to be removed from the F&O segment
Expansion Initiatives: Solar Inverter Manufacturing Facilities
On December 29, Waaree Energies announced that its wholly-owned subsidiary, Waaree Power Private Limited, has set up two solar inverter line manufacturing facilities at Sarodhi-Valsad, Gujarat.
- Each facility has an annual production capacity of 1.525 GW, totaling 3.05 GW
- Operations at both facilities commenced immediately on December 29
These facilities mark a significant step in Waaree Energies’ strategy to strengthen its manufacturing capabilities and meet the growing demand for solar inverters.
Waaree Energies Share Price Overview
- Current Share Price: Rs 2,926.10
- 5-Day Loss: Over 2%
- 1-Month Loss: Over 7%
- Year-to-Date Gain: Over 3%
- P/E Ratio: 37+
The recent decline reflects market reactions to the CEO resignation and upcoming F&O listing, amid ongoing operational expansions.
Summary
Waaree Energies is navigating a key leadership transition with the appointment of Jignesh Rathod as CEO, while simultaneously boosting production capacity with new solar inverter facilities. The stock’s upcoming inclusion in the F&O segment is expected to increase trading activity and visibility. Investors and market participants will watch closely how these developments influence the Waaree Energies share price and the company’s trajectory in the solar energy sector.
Source: Moneycontrol
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