Mumbai, India | December 29, 2025 — Waaree Energies Limited, India’s leading renewable energy company, today announced the appointment of Mr. Jignesh Rathod as its Chief Executive Officer (CEO), following the recommendation of the Company’s Nomination and Remuneration Committee and approval by the Board of Directors.

Mr. Rathod, who currently serves as Director – Operations, has been appointed as CEO-Designate with immediate effect and will formally assume the role of CEO after a structured transition period. During this phase, he will work closely with the outgoing CEO to ensure seamless leadership continuity and operational stability.

With over 18 years of experience at Waaree Energies, Mr. Rathod brings deep institutional knowledge and a strong execution track record across manufacturing operations, capacity expansion, technology integration, and large-scale project execution. He has played a pivotal role in scaling the company’s manufacturing capacities, driving operational excellence, and strengthening quality and process systems aligned with Waaree’s long-term strategic vision.

Commenting on his appointment, Mr. Jignesh Rathod, CEO-Designate, Waaree Energies Limited, said:“It is a great honor to be entrusted with the responsibility of leading Waaree Energies. Having grown with the organization over the years, I am deeply aligned with its values, people-first culture, and commitment to innovation and sustainability. I look forward to building on the strong foundation laid by the leadership team and steering the company through its next phase of growth, operational excellence, and global expansion.”

Mr. Hitesh Doshi, Chairman and Managing Director, Waaree Group, added:“Jignesh’s appointment reflects Waaree’s strong focus on leadership continuity and internal succession planning. His deep operational expertise, strategic mindset, and unwavering commitment to the organization make him the ideal leader to take Waaree Energies forward. We are confident that under his leadership, the company will continue to scale new heights and strengthen its position as a global renewable energy powerhouse."

The Board also placed on record its sincere appreciation for the outgoing CEO’s valuable contributions to the company. This well-planned leadership transition underscores Waaree Energies’ commitment to strong governance, long-term value creation, and sustainable growth for all stakeholders.