Shares of Waaree Energies declined around 2% on December 30, a day before the stock is set to enter the futures and options (F&O) segment. The decline came after the company announced the resignation of its Chief Executive Officer Amit Paithankar, who has decided to pursue opportunities outside the organisation.
The solar energy company’s shares slipped to an intraday low of ₹2,926.10, extending losses for the fourth consecutive trading session. At the time of reporting, the stock was trading lower amid increased investor caution.
CEO Resignation and Leadership Transition
In a regulatory filing released after market hours on December 29, Waaree Energies said that Amit Paithankar, Whole-Time Director and CEO, will step down from his role effective May 15, 2026, or an earlier date as may be mutually agreed.
The company acknowledged Paithankar’s contribution, stating that his leadership helped strengthen operational capabilities, expand the company’s footprint, and lay a solid foundation for long-term growth.
Following the announcement, Waaree Energies named Jignesh Rathod, currently the Director of Operations, as CEO-Designate with immediate effect. Rathod will formally assume the CEO role once Paithankar’s resignation takes effect.
Rathod has been associated with Waaree Energies since November 2007 and brings over 18 years of experience across manufacturing operations, capacity expansion, process optimisation, and technology integration. He currently oversees end-to-end operations at the company’s manufacturing facilities and has played a key role in scaling production capacity and improving operational efficiency.
F&O Segment Inclusion
Earlier last week, the National Stock Exchange (NSE) announced that Waaree Energies will be included in the derivatives segment from December 31, 2025. Other stocks being added to the F&O segment include Bajaj Holdings and Investment, Premier Energies, and Swiggy. Meanwhile, HFCL, NCC, Cyient, and Titagarh Rail Systems will be removed from the segment.
Inclusion in the F&O segment is generally seen as enhancing a stock’s liquidity and trading visibility, while also offering hedging opportunities to market participants.
Waaree Energies Share Price Performance
Waaree Energies shares have declined over 2% in the past five sessions and more than 7% over the last one month. On a year-to-date basis, the stock is still up over 3% in 2025. The company currently trades at a price-to-earnings (P/E) ratio of over 37, according to market data.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Stock market investments are subject to market risks. Readers are advised to consult their financial advisor before making any investment decisions. The author and publisher are not responsible for any losses arising from reliance on this information.
