Waaree Energies Reshuffles Leadership: New CEO, CFO Appointed; Share Price Falls Nearly 3%

Waaree Energies has announced a major management reshuffle, appointing new leaders in key positions. The changes come after the resignation of its CEO and CFO, marking an important transition phase for the company.

Jignesh Rathod Appointed as New CEO

The company has appointed Jignesh Devchandbhai Rathod as the new Chief Executive Officer and Whole-Time Director, replacing Amit Ashok Paithankar, who stepped down from his role.

Rathod’s appointment is effective from March 21, 2026, for a period of 5 years, subject to shareholder approval. He has been with the company since 2007 and has been handling operational functions across its manufacturing units.

Amit Paithankar Steps Down

Amit Paithankar was relieved from his role as CEO and Whole-Time Director on March 20, earlier than the previously planned exit date of May 15. His resignation led to immediate leadership changes within the company.

CFO Sonal Shrivastava Resigns

The company’s Chief Financial Officer, Sonal Shrivastava, has also stepped down after completing her notice period on March 20. She stated that she is leaving to explore new opportunities and focus on strategic roles.

Abhishek Pareek Named New CFO

The board has appointed Abhishek Pareek as the new Chief Financial Officer, starting March 21.

Pareek has been with the company since 2017 and currently serves as Group Head Finance. He brings nearly 20 years of experience in areas such as corporate finance, treasury, mergers and acquisitions, and financial planning.

Other Key Appointments

The company also announced additional leadership changes:

• Munna Singh appointed as Deputy CFO (effective April 1, 2026)
• Varun Goenka appointed as President – Growth & Strategy

Both bring extensive industry experience and are expected to strengthen the company’s leadership team.

Waaree Energies Share Price Performance

Waaree Energies share price (NSE: WAAREEENER) was trading at ₹3,070.00, down ₹95.90 or 3.03% on March 23 (3:14 PM). The stock opened at ₹3,108.80 and touched an intraday high of ₹3,110.40 and a low of ₹3,015.90. It offers a dividend yield of 0.065%, with a quarterly dividend of ₹0.499. Over the past year, the stock has hit a 52-week high of ₹3,865.00 and a low of ₹1,863.00.

Read More: Centre Links Additional LPG Allocation to States Promoting Shift to Piped Gas.

Conclusion

Waaree Energies is undergoing a major leadership transition with new appointments at key positions. 

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