Waaree Energies’ Amit Paithankar to step down in 2026; Rathod to take over

Waaree Energies on Monday, December 29, announced the resignation of its Whole-Time Director and Chief Executive Officer, Amit Paithankar, who has stepped down to pursue opportunities outside the organisation.

The board has accepted his resignation and agreed to relieve him with effect from May 15, 2026, or an earlier date as may be mutually decided, stated the exchange filing.

The board placed on record its appreciation for his contributions and wished him success in his future professional endeavours.

The board has approved the appointment of Jignesh Rathod, currently Director–Operations, as Chief Executive Officer–Designate with immediate effect. He will formally take charge as Chief Executive Officer and key managerial personnel from May 16, 2026, or an earlier date, subject to Paithankar’s earlier relieving.

According to the exchange filing, Rathod has been associated with the company since November 2007 and brings over 18 years of experience across manufacturing operations, capacity expansion, process optimisation, and technology integration. He holds an engineering degree from Gujarat University, an MBA from NMIMS, Mumbai, and a doctorate in business administration from XIBMS.

The board said the planned internal succession is aimed at ensuring leadership continuity and operational stability as the company enters its next phase of growth.

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