A day ahead of F&O entry, Waaree Energies shares fall 2% as CEO resigns

Waaree Energies share price

• Waaree Energies CEO Amit Paithankar resigns; Jignesh Rathod named CEO-Designate
• Shares dropped 2% before F&O inclusion; losses continued for 4 sessions.
• Waaree Energies to be added to NSE F&O contracts from December 31, 2025

Did our AI summary help?

The shares of Waaree Energies dropped around 2 percent on December 30, a day before the stock gets included in the futures and options (F&O) segment. This came after the firm's CEO Amit Paithankar resigned to pursue opportunities outside the company.

The shares of the solar energy player dropped to Rs 2,926.10 in the morning of Tuesday, extending losses for the fourth consecutive session.

Waaree Energies CEO resigns:

In an exchange filling released in the post market hours of December 29, Waaree Energies announced the resignation of its Whole Time Director & Chief Executive Officer, which will take effect from May 15, 2026 or such earlier date as may be mutually agreed upon.

"The Board placed on record its deep appreciation for Mr. Paithankar’s leadership, commitment, and valuable contributions during his tenure, during which the Company strengthened its operational capabilities, expanded its footprint, and built a robust foundation for long-term growth," the company said.

Waaree Energies appoints new CEO:

Subsequently, Waaree Energies announced the appointment of Jignesh Rathod, the current Director of Operations, as the CEO-Designate with immediate effect. He will take charge as the CEO of the company after Amit Paithankar's resignation takes effect.

"Jignesh Rathod is a seasoned leader with deep institutional knowledge and a proven execution track record. He holds a Bachelor’s degree in Engineering from Gujarat University, a Master’s degree in Business Administration for Working Executives from NMIMS, Mumbai, and a Doctorate in Business Administration from XIBMS," the firm said.

Rathod has been associated with the company since November 28, 2007 and brings over 18 years of extensive experience across manufacturing operations, capacity expansion, process optimisation, technology integration, and large-scale execution.

He currently oversees end-to-end operations across the company's manufacturing facilities and played a pivotal role in scaling production capacities, driving operational efficiencies, strengthening quality systems, and supporting the company’s expansion and modernization initiatives. "His leadership has been instrumental in building resilient operations aligned with the Company’s long-term strategic vision," the firm said.

F&O inclusion:

Earlier last week, NSE announced the introduction of futures and options (F&O) contracts on four individual securities, effective December 31, 2025.

The new additions to the derivatives segment are Bajaj Holdings and Investment, Premier Energies, Swiggy, and Waaree Energies. Inclusion of stocks in F&O is believed to boost their liquidity, visibility, and trading opportunities, allowing investors to hedge portfolios.

HFCL, NCC, Cyient and Titagarh Rail Systems will meanwhile be removed from the segment from tomorrow.

Waaree Energies arm sets up 2 solar inverter line manufacturing facilities:

Waaree Energies on December 29 announced that its wholly-owned subsidiary Waaree Power Private has set up two solar inverter line manufacturing facilities having annual capacity of 1.525 GW each, totaling to 3.05 GW at its factory at Sarodhi-Valsad in Gujarat.

The company has commenced operations at these facilities with effect from December 29, it added.

Waaree Energies share price:

Waaree Energies shares have fallen more than 2 percent in the past five days, and over 7 percent in the past one month. The stock has gained over 3 percent in 2025 so far.

Its P/E ratio currently stands at over 37.

Follow all LIVE updates from the stock markets here.