Disclosure under Reg 30 of SEBI LODR Regulations 2015- Completion of second term of office of Independent director Mr. Shankar Jaganathan.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
WEP Solutions Ltd has informed the stock exchanges that Mr. Shankar Jaganathan, an Independent Director (DIN: 02121024), has completed his second and final term as per the Companies Act, 2013, and ceased to be a Director of the company with effect from the close of business hours on August 26, 2025. He also stepped down as Chairman of the Audit Committee and as a member of the Nomination & Remuneration Committee. The Board placed on record its appreciation for his contributions during his tenure. The disclosure is filed under Regulation 30 of the SEBI Listing Regulations. No replacement appointment was announced in this filing.
This is a routine, pre-scheduled retirement of an independent director at the end of the maximum permitted tenure and is not a governance red flag. Shareholders should watch for any subsequent announcement regarding the appointment of a new independent director to fill the vacancy on the board and audit committee.