WeP Solutions Limited has announced a significant leadership change with the resignation of its Managing Director and Chief Executive Officer, Mr. Ashok Tripathy. The company informed the BSE on January 12, 2026, about this executive transition that will take effect on March 31, 2026.

Leadership Transition Details

The Board of Directors of WeP Solutions Limited convened on January 12, 2026, in Bangalore to address Mr. Ashok Tripathy's resignation from multiple key positions within the organization. His departure encompasses his roles as Director, Managing Director, and Chief Executive Officer of the company.

Committee Responsibilities Impact

Along with his executive roles, Mr. Ashok Tripathy's resignation will also affect his committee responsibilities. He will cease to be a Member of the Stakeholders' Relationship Committee of the company, effective from the close of business hours on March 31, 2026.

Succession Planning

WeP Solutions Limited has acknowledged the need for continuity in executive leadership and has initiated the process of identifying a suitable candidate for the office of Executive Director and CEO. The company has committed to informing the stock exchange about the new appointment once the selection process is completed.

Regulatory Compliance

The resignation announcement was made in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided all required details as per Schedule III of the SEBI Listing Regulations and relevant SEBI circulars.

Mr. Ashok Tripathy expressed his gratitude to colleagues, coworkers, the board, and the chairman for their support during his tenure. He assured a structured transition during the notice period and extended his best wishes for WeP Solutions' continued success. The resignation was formally accepted by G. H. Visweswara, Independent Director, on behalf of the Board of Directors.

WeP Solutions Limited has received a GST demand order worth ₹1,12,859 from Delhi tax authorities, the company disclosed in a regulatory filing on January 5, 2026. The IT software company informed the BSE about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the GST Demand Order

The demand order was issued by the Assistant Commissioner/GSTO, Delhi, and comprises multiple components. The breakdown of the total demand amount is as follows:

The demand relates to alleged excess availment of input tax credit during the financial year 2021-22. The company received the communication from the tax authority on January 5, 2026.

Company's Response and Next Steps

WeP Solutions Limited has indicated its intention to challenge the demand order through proper legal channels. The company plans to file an appeal against the order before the Customs, Excise and Service Tax Appellate Tribunal.

Regarding the potential impact on business operations, the company has clarified that there will be no material effect on its financial, operational, or other activities. This assessment suggests that the company views the demand as manageable within its current financial framework.

Regulatory Compliance

The disclosure was made through Company Secretary and Compliance Officer Ankita Karnani, who digitally signed the communication on January 5, 2026. The filing was addressed to the BSE, where WeP Solutions Limited is listed under scrip code 532373 with the symbol WEPSOLN.

This regulatory filing demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments that could potentially affect its operations, even when the anticipated impact is deemed minimal.