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.

WeP Solutions has announced the resignation of its Managing Director and Chief Executive Officer, Mr. Ashok Tripathy, effective March 31, 2026. The company informed BSE Limited about this significant leadership change through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting and Resignation Details

The Board of Directors of WeP Solutions took note of Mr. Ashok Tripathy's resignation during their meeting held on January 12, 2026, in Bangalore. The resignation encompasses multiple roles within the organization, as detailed below:

Resignation Letter and Acceptance

In his formal resignation letter dated January 12, 2026, Mr. Ashok Tripathy (DIN: 09564236) stated that the decision was solely personal and requested relief by the closing hours of March 31, 2026. He assured the company of a structured transition during this period and expressed gratitude to his colleagues, coworkers, the board, and the chairman for their support and guidance during his tenure.

The resignation was formally accepted on behalf of the Board of Directors by Mr. G. H. Visweswara, Independent Director, on January 12, 2026.

Succession Planning

WeP Solutions has initiated the process of identifying a suitable candidate for the position of Executive Director/CEO. The company has committed to informing the stock exchange about the new appointment in due course, ensuring compliance with regulatory requirements.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations, providing comprehensive details as mandated by Schedule III and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The information has also been made available on the company's website at www.wepsol.com .

Transition Period

Mr. Tripathy will continue in his current roles until March 31, 2026, providing the company with approximately two and a half months to ensure a smooth leadership transition. This timeline allows for proper handover of responsibilities and the completion of the succession planning process.