wep solutions has appointed Dr. Gaurav Nigam as its Chief Operating Officer (COO) effective June 1, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Dr. Nigam will form part of the Senior Management of the company.

Dr. Gaurav Nigam is an IT professional with over 25 years of experience in Cloud, IT Infrastructure Management, DevOps, and SRE. He possesses strong expertise in large-scale IT service delivery and AI-driven automation. He has led global teams of over 500 professionals and managed P&L exceeding USD 50 million, delivering growth, cost optimisation, and high service reliability.

Prior to this role, Dr. Nigam held leadership positions at Mphasis, Incedo, Wipro, and Microland. He contributed to the scaling of cloud and infrastructure businesses at these organizations. He holds a Ph.D. in Management, an MBA, and a B.E. from NIT. Additionally, he has completed the Chief Digital & AI Officer Programme from ISB Hyderabad.

The company disclosed that Dr. Gaurav Nigam is not related to any other director of the company. The appointment was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of Appointment

WeP Solutions Limited has received an order from the Assistant Commissioner of Customs, Gr-5, ICD- Import, TKD – New Delhi, imposing a financial penalty related to a dispute over the misclassification of goods. The order, received on May 29, 2026, stipulates a penalty of Rs 167,115 and interest of Rs 125,336, with the penalty amount reduced in terms of the First Proviso to Section 114A of the Customs Act, 1962. The company stated that the customs duty and interest in question have already been remitted and that there is no impact on its financial, operational, or other activities.

The regulatory disclosure was submitted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dispute arises from a single bill of entry where goods were allegedly misclassified. While the duty and interest have been paid, the company is evaluating the cost and benefit of filing an appeal against the order.

The company intends to approach the First Appellate Authority under the Customs Law to challenge the order. The filing was signed by Ankita Karnani, Company Secretary and Compliance Officer, on May 30, 2026.

The table below details the financial components of the order:

The company confirmed that the receipt of this order does not affect its ongoing operations or financial standing.