WeP Solutions Limited Receives GST Demand Order Worth ₹1.13 Lakh from Delhi Tax Authorities

1 min read     Updated on 05 Jan 2026, 02:39 PM
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Overview

WeP Solutions Limited received a GST demand order totaling ₹1,12,859 from Delhi tax authorities on January 5, 2026, comprising GST of ₹43,572, interest of ₹29,287, and penalty of ₹40,000. The demand relates to alleged excess input tax credit availment in FY2021-22. The company plans to appeal the order and states there will be no material impact on its operations.

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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:

Component: Amount (₹)
Goods and Services Tax: 43,572
Interest: 29,287
Penalty: 40,000
Total Demand: 1,12,859

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.

Historical Stock Returns for WEP Solutions

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WeP Solutions Appoints CS Ankita Karnani as New Company Secretary and Compliance Officer

1 min read     Updated on 08 Sept 2025, 07:42 PM
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Overview

WEP Solutions Limited has appointed CS Ankita Karnani as its new Company Secretary and Compliance Officer, effective September 9, 2025. The decision was made by the Board of Directors on September 8, 2025. Karnani brings over eight years of experience, including work with listed entities and expertise in the Companies Act 2013 and Listing Regulations. She is an Associate Member of the Institute of Company Secretaries of India and holds a Bachelor's degree in Commerce from Calcutta University. The appointment complies with Section 203 of the Companies Act, 2013 and Regulation 6(1) of SEBI Regulations.

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WEP Solutions Limited has announced the appointment of CS Ankita Karnani as its new Company Secretary and Compliance Officer, effective September 9, 2025. The decision was made by the company's Board of Directors on September 8, 2025, following a recommendation from the Nomination and Remuneration Committee.

Key Appointment Details

  • Name: CS Ankita Karnani
  • Position: Company Secretary and Compliance Officer
  • Effective Date: September 9, 2025
  • ACS Membership: Number 33634

Professional Background

CS Ankita Karnani brings over eight years of valuable experience to her new role at WEP Solutions. Her expertise includes:

  • Working with listed entities in similar capacities
  • Extensive knowledge of the Companies Act 2013 and Listing Regulations
  • Rich post-qualification experience in the secretarial field

Educational Qualifications

  • Associate Member of the Institute of Company Secretaries of India
  • Bachelor's degree in Commerce from Calcutta University

Appointment Context

The appointment of CS Ankita Karnani is in compliance with:

  • Section 203 of the Companies Act, 2013
  • Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Statement

Pradeep S, Chief Financial Officer of WEP Solutions Limited, confirmed the appointment in a regulatory filing. The company emphasized that CS Ankita Karnani is not related to any other director of WEP Solutions, ensuring compliance with corporate governance norms.

This strategic appointment underscores WEP Solutions' commitment to maintaining strong corporate governance and regulatory compliance. CS Ankita Karnani's extensive experience and qualifications are expected to contribute significantly to the company's secretarial and compliance functions.

Historical Stock Returns for WEP Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+2.63%-0.35%-3.84%-21.83%-33.35%+8.48%
WEP Solutions
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