Web Element Solutions Limited scheduled its 18th Annual General Meeting (AGM) for September 30, 2026. The meeting will be held at 4:30 pm at the company’s registered office in Mumbai.

The Board of Directors approved the agenda during a meeting held on September 5, 2026. The board finalized key administrative details for the shareholder meeting, including the book closure period and e-voting cutoff dates. It also addressed director appointments and regulatory compliance matters ahead of the annual gathering.

Key Decisions

The board approved the following items during the session:

• AGM Notice: The notice for the 18th AGM was approved. The meeting is set for Wednesday, September 30, 2026.
• Book Closure: The book closure period is fixed from September 24, 2026, to September 30, 2026, inclusive.
• E-Voting Cutoff: The cutoff date for e-voting eligibility is September 23, 2026.
• Scrutinizer Appointment: Ms. Hansa Gaggarr, Practicing Company Secretary, was appointed as the scrutinizer under Section 108 of the Companies Act, 2013.

Director Appointments

The board proposed several changes to the board composition for ratification at the upcoming AGM:

• Reappointment: Mr. Shailesh Patel (DIN: 02150718) retires by rotation and has offered himself for reappointment as a Director.
• Regularization of Appointments: The appointments of two Additional Non-Executive Independent Directors were proposed for regularization:
  • Mr. Abhishek Shashikant Agrawal (DIN: 03052720), appointed effective June 30, 2026, for a term until June 29, 2029.
  • Mr. Lalit Kumar Tapadia (DIN: 08117881), appointed effective June 30, 2026, for a term until June 29, 2029.

Regulatory Filings

The board considered and approved the Director’s Report, Management Discussion and Analysis Report, and auditors’ reports. Additionally, the Secretarial Audit Report received from Ms. Hansa Gaggarr under Section 204 of the Companies Act, 2013, was approved.

Mrs. Shrena Shah, Director and CFO, was authorized to conduct the AGM in accordance with the notice schedule. The Annual Report for FY26 will be submitted to the exchange once dispatched to shareholders.

Web Element Solutions Limited has appointed Abhishek Shashikant Agrawal and Lalit Kumar Tapadia as Additional Non-Executive Independent Directors for a period of three years effective June 30, 2026. The appointments are subject to the approval of the members. The Board of Directors reconstituted its key committees following these changes, effective from the conclusion of the meeting held on June 30, 2026.

The Board meeting was held at the registered office of the company in Goregaon West, Mumbai. The directors satisfy the criteria of independence prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both appointees are not related to any other directors on the Board and are not debarred from holding the office of director by any SEBI order.

Director Profiles

Abhishek Shashikant Agrawal is a qualified Fellow Chartered Accountant registered with the IICA's Independent Directors Databank. He holds a Bachelor of Commerce and an LL.B degree from Mumbai University. He is currently a partner at M/s ARAV & CO., Chartered Accountants, and possesses over 15 years of experience in finance across sectors such as textile, steel, banking, and aquaculture.

Lalit Kumar Tapadia is a Chartered Accountant by profession with expertise in accounts, investment, management, and finance. He serves as a Non-Executive Independent Director of Foce India Limited. The company highlighted his decision-making skills and ability to formulate growth-oriented ideas.

Committee Reconstitution

The Board reconstituted the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. Lalit Kumar Tapadia has been appointed Chairman of the Audit Committee and the Nomination and Remuneration Committee. Shailesh Patel remains the Chairman of the Stakeholders Relationship Committee.

The composition of the reconstituted committees is as follows: