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.

WeP Solutions Limited has successfully concluded its postal ballot process, with shareholders approving all four resolutions through remote e-voting on May 17, 2026 — the last date of e-voting. The ballot was initiated pursuant to a Postal Ballot Notice dated April 2, 2026, and covered key board-level appointments and associated remuneration approvals. The e-voting facility was provided by National Securities Depository Limited (NSDL), with the voting window open from 9:00 AM on April 18, 2026, to 5:00 PM on May 17, 2026. The record date for determining eligible shareholders was April 10, 2026, with a total of 7,683 shareholders on record.

Resolutions Considered

The company sought member approval on the following four resolutions:

• Resolution 1 (Ordinary): Appointment of Mr. Vineet Agrawal (DIN: 02370129) as Whole Time Director designated as Executive Vice Chairman.
• Resolution 2 (Special): Approval for payment of remuneration to Mr. Vineet Agrawal (DIN: 02370129) as Whole Time Director designated as Executive Vice Chairman.
• Resolution 3 (Ordinary): Appointment of Mr. Nisar Ali Shah (DIN: 11614781) as Whole Time Director.
• Resolution 4 (Special): Approval for payment of remuneration to Mr. Nisar Ali Shah (DIN: 11614781) as Whole Time Director.

The promoter and promoter group held 15,150,395 shares, while public non-institutional shareholders held 3,819,541 shares, bringing the total shares to 18,969,936.

Voting Results: Resolutions 1 & 2 (Vineet Agrawal)

Both resolutions pertaining to Mr. Vineet Agrawal received strong shareholder support. The promoter and promoter group voted 100% in favour, while public non-institutional shareholders recorded 97.9118% votes in favour. The detailed results are as follows:

A total of 67 members voted in favour, casting 1,88,90,178 votes (99.5% of valid votes), while 4 members voted against, casting 79,758 votes (0.42% of valid votes).

Voting Results: Resolutions 3 & 4 (Nisar Ali Shah)

Resolutions relating to Mr. Nisar Ali Shah also passed with an overwhelming majority. The promoter and promoter group again voted 100% in favour, with public non-institutional shareholders recording 97.9115% votes in favour. The detailed results are as follows:

A total of 66 members voted in favour, casting 1,88,90,165 votes (99.5% of valid votes), while 5 members voted against, casting 79,771 votes (0.42% of valid votes).

Scrutinizer's Report and Process Compliance

The postal ballot process was scrutinized by Vinay B L (Membership No. F9159, CP No. 10760) of Vinay & Ashwini Company Secretaries, appointed by the Board of Directors at its meeting on April 2, 2026. The scrutinizer's report was issued on May 18, 2026, from Bangalore, confirming that all four resolutions were passed with the requisite majority. The e-voting data was downloaded from NSDL's platform in the presence of two independent witnesses. The voting results are available on the company's website at www.wepsol.com . The disclosure was filed with BSE Ltd. by Ankita Karnani, Company Secretary and Compliance Officer (M. No. A33634), on May 18, 2026.