Leadership Shake-Up Weighs on Waaree Energies Stock

As of 23 March 2026, shares of

declined by up to 3.65% in morning trade, hitting an early low of ₹3,050.50 within the first 15 minutes. The drop came amid a broader market weakness and coincided with a significant management reshuffle. The company announced the exit of its CEO and the stepping down of its CFO. The board has appointed Jignesh Devchandbhai Rathod as the new Whole-Time Director and Chief Executive Officer, effective March 21, 2026, subject to shareholder approval. Rathod has been associated with the company since November 2007 and will serve a five-year term through March 2031, ensuring leadership continuity. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.