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.

WEP Solutions Limited has expanded its Board by appointing three new directors and re-appointing two existing ones, effective July 10, 2026. The appointments are subject to the approval of shareholders at the ensuing Annual General Meeting. The Board approved these changes based on the recommendations of the Nomination and Remuneration Committee.

Dr. Gaurav Nigam has been appointed as an Additional Director in the capacity of Whole-time Director, designated as Senior Executive Director. He was previously appointed as the Chief Operating Officer (COO) of the company effective June 1, 2026, and will continue to hold both positions. Dr. Nigam brings over 25 years of experience in Cloud, IT Infrastructure Management, and AI-driven automation, having managed P&L exceeding USD 50 million at firms like Mphasis and Wipro.

The Board also appointed Mr. Sanjeev Arora and Mr. Deepak Jain as Additional Directors in the capacity of Independent Directors. Mr. Arora, a seasoned business leader with over 32 years of experience, previously worked at WeP Solutions Ltd, ClearTax, and Sify Technologies. Mr. Jain brings over 41 years of experience in global IT services and consulting, having held senior leadership positions at Wipro Limited, including Global Head of Infrastructure Services.

Additionally, the Board approved the re-appointment of Mrs. Vandana Malaiya and Mrs. Shruti Agarwal as Independent Directors. Mrs. Malaiya has a 30-year career in the IT industry with expertise in software product development and delivery management. Mrs. Agarwal is a Chartered Accountant with over 14 years of experience in finance and accounting, specializing in regulatory compliance and financial reporting.

Director Appointments

The company confirmed that none of the directors are debarred from holding office by SEBI or any other authority, nor are they disqualified under Section 164 of the Companies Act 2013. The Board meeting was held in Bangalore on July 10, 2026.