WeP Solutions Limited's Board of Directors held a significant meeting on April 02, 2026, in Bangalore, addressing multiple corporate governance matters including key appointments and senior management changes. The company has formally notified BSE Limited about these developments under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Appointments

The board appointed Mr. Nisar Ali Shah (DIN: 11614781) as an Additional Director in the capacity of Whole Time Director for a term of 3 years, effective from April 02, 2026. The appointment was made on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.

Mr. Shah brings over two decades of progressive experience as a seasoned enterprise and strategic IT sales leader, having driven nationwide revenue growth through consultative selling, key account management, and long-term enterprise partnerships. He has consistently led high-value, multi-location, annuity-based deals while transforming traditional business units into technology-led managed services operations.

Senior Management Changes

Ms. Purnima Somani, Finance Controller, has formally resigned from her position due to personal reasons. Her resignation was submitted on April 02, 2026, with her last working day being April 03, 2026. She was designated as Senior Management Personnel pursuant to Regulation 16(1)(d) of SEBI (LODR) Regulations, 2015.

In her formal resignation letter, Ms. Somani expressed appreciation to the management and colleagues for their support during her tenure, stating that her decision was due to "unavoidable personal reasons which require my full and immediate attention at this time."

Postal Ballot Procedures

The board approved comprehensive postal ballot procedures to facilitate shareholder participation in upcoming decisions. The cut-off date for determining member eligibility has been set as Friday, April 10, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing BSE Limited about these changes under BSE Code: 532373 - WEPSOLN. Company Secretary and Compliance Officer Ankita Karnani (M. No.: A33634) signed the regulatory filings, ensuring compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. These developments reflect the company's ongoing efforts to strengthen its leadership team while maintaining robust corporate governance practices.

WeP Solutions Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside a significant leadership appointment that strengthens its executive team.

Financial Performance Overview

The company's Q3FY26 performance presents a mixed picture with revenue growth offset by reduced profitability. Net sales from operations increased to ₹1,656.67 lakhs in Q3FY26 from ₹1,588.83 lakhs in the corresponding quarter of the previous year, marking a growth of 4.27%. Total revenue from operations, including other operating income, reached ₹1,659.91 lakhs compared to ₹1,589.54 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, WeP Solutions demonstrated stronger revenue momentum with net sales reaching ₹5,015.93 lakhs compared to ₹4,660.05 lakhs in the corresponding period of the previous year, representing a growth of 7.63%. However, profitability declined significantly with net profit falling to ₹86.98 lakhs from ₹313.01 lakhs in the previous year.

Segment-wise Business Performance

The company operates through two primary business segments - Partner Business and Enterprise Business. The Enterprise Business segment generated revenue of ₹1,236.02 lakhs in Q3FY26 compared to ₹1,153.72 lakhs in Q3FY25, while the Partner Business segment recorded revenue of ₹423.89 lakhs versus ₹435.82 lakhs in the corresponding previous quarter.

For the nine-month period, Enterprise Business revenue increased to ₹3,738.55 lakhs from ₹3,495.20 lakhs, while Partner Business revenue grew to ₹1,283.71 lakhs from ₹1,170.70 lakhs in the previous year.

Strategic Leadership Appointment

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors approved the appointment of Mr. Vineet Agrawal (DIN: 02370129) as Additional Director in the capacity of Whole Time Director, designated as Executive Vice-Chairman. The appointment is effective from March 1, 2026, for a term of three years, subject to shareholder approval.

Mr. Agrawal brings extensive experience as a seasoned CEO and Managing Director with over 23 years of business leadership experience, during which he has scaled consumer businesses across 40+ countries. He has spearheaded 15 India and cross-border acquisitions, driving disciplined capital allocation and seamless post-merger integration. An IIT Delhi alumnus with an MBA from JBIMS, he is recognized for building iconic brands, enabling international expansion, and strengthening governance, leadership, and organizational culture.

Regulatory Compliance and Board Meeting Details

The appointment was made on the recommendation of the Nomination and Remuneration Committee and was formally communicated to BSE Limited under the company's BSE code 532373 - WEPSOLN. Mr. Agrawal is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority.

The Board meeting was held on January 31, 2026, in Bengaluru, commencing at 11:30 AM and concluding at 3:45 PM. The financial results were reviewed by the Audit Committee and received statutory auditor approval through a limited review process. The results will be published in newspapers and uploaded on the company's website at www.wepsol.com in compliance with SEBI regulations.

Operational and Financial Highlights

The company's total expenses increased to ₹1,689.04 lakhs in Q3FY26 from ₹1,604.08 lakhs in Q3FY25, primarily driven by higher employee benefits expenses, finance costs, and depreciation. Employee benefits expense rose to ₹302.49 lakhs from ₹263.94 lakhs, while finance costs increased significantly to ₹59.77 lakhs from ₹41.61 lakhs in the corresponding previous quarter.