WEP SOLUTIONS LTD.

WEP Solutions Ltd announced board changes, appointing Dr. Gaurav Nigam as Whole-time Director and Additional Director, designated as Senior Executive Director. Mr. Sanjeev Arora and Mr. Deepak Jain have been appointed as Additional Directors in the capacity of Independent Directors. Additionally, Mrs. Vandana Malaiya and Mrs. Shruti Agarwal have been re-appointed as Independent Directors. These appointments are subject to shareholder approval at the upcoming Annual General Meeting. Dr. Nigam will continue his role as Chief Operating Officer alongside his new responsibilities. All appointed/re-appointed directors are compliant with SEBI and Companies Act regulations.

WEP Solutions Ltd announced the outcome of its Board Meeting held on July 10, 2026. The board approved the appointment of Dr. Gaurav Nigam as Additional Director and Whole-time Director, designated as Senior Executive Director, effective July 10, 2026, for a term of three years. He will also continue his role as Chief Operating Officer. Additionally, Mr. Sanjeev Arora and Mr. Deepak Jain were appointed as Additional Directors in the capacity of Independent Directors. Mrs. Vandana Malaiya and Mrs. Shruti Agarwal were re-appointed as Independent Directors. All appointed directors are compliant with SEBI and Companies Act regulations.

WEP Solutions Ltd has announced the closure of its trading window for all directors, officers, designated persons, and connected persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 1, 2026, until 48 hours after the disclosure of the unaudited financial results for the quarter ended June 30, 2026. This measure is standard practice to prevent insider trading during periods when material non-public information may be available.

WEP Solutions Ltd has announced the appointment of Dr. Gaurav Nigam as the new Chief Operating Officer (COO), effective June 1, 2026. This appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Dr. Nigam brings over 5 years of experience in IT, Cloud, DevOps, and SRE, with a strong background in managing large-scale IT service delivery and global teams. The company also clarified the commencement and conclusion times of its June 1, 2026 board meeting, regretting an earlier omission.

WEP Solutions Ltd has appointed Dr. Gaurav Nigam as the Chief Operating Officer (COO), effective June 1, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee and approval by the Board of Directors. Dr. Nigam brings over 25 years of experience in IT, cloud infrastructure, DevOps, and SRE, with leadership roles at Mphasis, Incedo, Wipro, and Microland. He holds a Ph.D. in Management, an MBA, and a B.E. from NIT, and has completed the Chief Digital Officer Programme from ISB Hyderabad. Dr. Nigam is not related to any other director of the company.

WEP Solutions Ltd has appointed Dr. Gaurav Nigam as the Chief Operating Officer (COO), effective June 1, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee and approval by the Board of Directors. Dr. Nigam brings over 25 years of IT experience in cloud, IT infrastructure management, DevOps, and SRE, with leadership experience at Mphasis, Incedo, Wipro, and Microland. He holds a Ph.D. in Management, an MBA, and a B.E. from NIT, and has completed the Chief Digital Officer Programme from ISB Hyderabad. Dr. Nigam is not related to any other director of the company.

WEP Solutions Ltd has received a demand order from the Assistant Commissioner of Customs, New Delhi, imposing penalties related to customs duty. The order includes ₹167,115 in customs duty, ₹125,336 in interest, and ₹167,115 in penalty. The company intends to appeal the order after evaluating the cost and benefit of filing the appeal. The dispute relates to misclassification of goods in a single bill of entry. WEP Solutions states that there is no impact on financial, operation or other activities of the listed entity.

WEP Solutions Ltd (WEPSOLN) has received a favorable order from the Customs, Central Excise and Service Tax Appellate Tribunal, Bangalore. The appellate order relates to a demand for service tax for the period April 2011 to June 2012 under the category of Supply of Tangible Goods. The order has set aside the entire demand comprising of service tax of ₹4,25,14,108 along with applicable interest and penalty. The amount is shown as a contingent liability in the company's financials. There is no impact on financial, operation or other activities of the listed entity.

WEP Solutions Ltd's Board of Directors has recommended a final dividend of ₹0.50 per share on equity shares with a face value of ₹10 each, subject to shareholder approval. This decision was made during the Board Meeting for Quarter 4 held on May 9, 2026. The dividend pertains to the financial year 2025-26 and is subject to tax deduction, if applicable. The board also approved granting 2,12,000 options at an exercise price of ₹10 per share to eligible employees under the Employee Stock Option Plan 2023.

WEP Solutions Ltd announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. The board approved a dividend of ₹0.50 (5%) per share of ₹10 each, subject to shareholder approval. Additionally, the company granted 2,12,000 options at an exercise price of ₹10 per share to eligible employees under the Employee Stock Option Plan 2023. The Board Meeting was held on May 9, 2026, in Bangalore.