Please Find Enclosed herewith Postal Ballot Notice together with Explanatory Statements.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
WEP Solutions has issued a Postal Ballot Notice seeking shareholder approval for four resolutions via remote e-voting (April 18 to May 17, 2026). The resolutions cover the appointment and remuneration of two Whole Time Directors: Mr. Vineet Agrawal as Executive Vice Chairman for 3 years (March 2026 to February 2029) at a salary of ₹75 lakhs per annum plus 7 lakh ESOPs in two tranches, and Mr. Nisar Ali Shah as Whole Time Director for 3 years (April 2026 to April 2029) with an annualised pay of roughly ₹33.6 lakhs including allowances, variable pay, PF, gratuity, and a ₹1 lakh retention bonus in October 2026. Both appointments were already made by the Board and now need shareholder ratification. Cut-off date for voting eligibility is April 10, 2026.
Shareholders get to vote on top-level management appointments and pay packages, including ESOP grants. The use of a postal ballot (rather than a physical AGM) keeps the process low-cost. Approval will formalise the directors' positions; dissent could delay or force changes to their remuneration terms.