Waaree Energies Limited announced the transfer of 90,000 equity shares, representing 0.031% of the total paid-up capital, by promoter Mr. Chimanlal Tribhovandas Doshi. The transfer, executed on March 17, 2026, was made to Shri Mahavira Jaina Vidyalaya for educational purposes. This action follows the promoter family’s earlier intent to donate 1% of the company’s equity for charitable initiatives.
Confirmation of Share Transfer for Charity
Waaree Energies Limited has formally intimated the stock exchanges regarding a significant philanthropic transaction involving its promoter group. This announcement, dated March 18, 2026, confirms the transfer of a portion of promoter holdings dedicated to social causes.
Details of the Donation
Mr. Chimanlal Tribhovandas Doshi, a key member of the Promoter Group, completed the transfer of 90,000 Equity Shares. This specific quantum constitutes 0.031% of the Company’s total paid-up Equity Share Capital. The shares were transferred on March 17, 2026, to Shri Mahavira Jaina Vidyalaya (SMJV).
The stated purpose of this transfer is explicitly towards educational purposes, reinforcing the promoter family’s commitment to societal contribution, which was initially signaled via an expression of intent on October 06, 2025, to donate 1% of the total Equity Share Capital.
Regulatory Filing Compliance
The Company has ensured that this material information, detailing the reduction in promoter shareholding for charitable aims, is made publicly accessible on its official website, www.waaree.com, in compliance with listing requirements.
Source: BSE
