WEP Solutions Board of Directors approved the Employee Stock Option Plan 2026 ('ESOP 2026') on August 8, 2026, authorizing the grant of up to 15 lakh stock options to eligible employees. The move aims to align employee interests with shareholder value through equity participation, pending final ratification by shareholders at the ensuing Annual General Meeting (AGM).

The approval was recommended by the Nomination and Remuneration Committee and executed in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB Regulations'). The company notified the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Plan Details

The ESOP 2026 structure is designed to incentivize key talent within the organization. Below are the core parameters of the approved plan:

Each stock option granted under the plan will be exercisable into an equivalent number of equity shares of the company. The aggregate limit of 15 lakh options represents the maximum pool available for distribution under this specific scheme.

Regulatory Compliance and Next Steps

The implementation of ESOP 2026 is contingent upon shareholder approval. WEP Solutions will include all details required under the SEBI SBEB Regulations in the explanatory statement accompanying the notice for its upcoming Annual General Meeting. This ensures transparency and allows investors to review the terms before voting.

Ankita Karnani, Company Secretary and Compliance Officer (Membership No. A33634), signed the disclosure filed with the Bombay Stock Exchange on August 8, 2026. The filing confirms that the board has completed its internal review and recommendation process, moving the proposal to the next stage of corporate governance validation.

What This Means for Shareholders

The introduction of a new ESOP plan typically signals management's confidence in long-term growth prospects and its intent to retain top talent through equity incentives. For existing shareholders, the potential dilution from the conversion of 15 lakh options will depend on the final number of options exercised and the timing of such exercises. The AGM vote will serve as the final check on this capital allocation strategy.

WEP Solutions Ltd announced the demise of its Non-Executive Director, Mr. Ayyagari Lakshmanarao, on July 17, 2026. Consequently, he ceased to be a Director of the company effective from the same date. The company acknowledged his passing as an irreparable loss and expressed deep appreciation for his valuable guidance and contributions during his tenure.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification referenced the BSE code 532373 and included the director's DIN, 02919040.

Details of the Change

The company provided specific details regarding the cessation of the directorship in an annexure to the regulatory filing. The information confirms the nature and date of the event.

The filing was signed by Ankita Karnani, Company Secretary & Compliance Officer, on July 17, 2026. The company confirmed that all necessary disclosures required under Schedule III of the Listing Regulations and the relevant SEBI Master Circular have been provided.