Web Element Solutions Ltd

Dematerialisation processing and listing status

• Dematerialisation requests received in quarter ended 30 Sep 2026 were confirmed to depositories.
• Securities in the certificates have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the records within prescribed timelines.

Director appointments and re-appointments

• Regularise appointment of Abhishek Shashikant Agrawal as Independent Director; effective date not stated.
• Regularise appointment of Lalit Kumar Tapadia as Independent Director; effective date not stated.
• Re-appoint Shailesh Becharbhai Patel as Director; retires by rotation.

Web Element Solutions Ltd: Trading window closed from 01 October 2026 until 48 hours after the declaration of the unaudited financial results for the half year ended 30 September 2026.

Financial snapshot

• Revenue from operations: Rs 23,253,529 in FY2025-26.
• Total income: Rs 27,602,194.
• Profit before tax: Rs 5,478,427.
• Tax expense: Rs 965,565.
• Profit after tax: Rs 4,512,862.
• Basic EPS: Rs 0.67.
• Dividend: not recommended for FY2025-26.

Balance sheet highlights

• Share capital: Rs 67,751,000.
• Reserves & surplus: Rs 9,805,069.
• Shareholders' funds: Rs 77,556,069.
• Total assets and liabilities: Rs 80,715,133.

Liquidity and assets

• Cash and equivalents: Rs 4,888,175.
• Balance with banks: Rs 4,855,275.
• Current investments: Rs 284,212.
• Trade receivables: Rs 3,849,219.
• Short-term loans & advances: Rs 54,387,559.
• Current liabilities - Trade payables: Rs 1,389,454.
• Other current liabilities: Rs 655,712.
• Provisions: Rs 1,113,899.

Cash flow overview

• Net cash from operating activities: Rs 147,435.
• Net cash from investing activities: Rs 4,125,097 inflow.
• Net increase in cash: Rs 4,272,532.
• Year-end cash: Rs 4,888,175.

Governance and board

• Independent Directors Agrawal and Tapadia ceased 19 Jan 2026.
• Post-year-end, Abhishek Agrawal and Lalit Tapadia appointed as additional independent directors on 30 Jun 2026.
• Regularisation proposed at AGM on 30 Sep 2026.
• Board meetings: 4; Audit Committee: 2 meetings; Nomination & Remuneration: 1.

Related party transactions

• Loans to directors: Shailesh Patel Rs 52,298; Yadvender Rs 197,420.
• Loans to related parties: Shrena Shah Rs 719,040.
• Remuneration to directors: Shailesh Patel Rs 659,520; Yadvender Rs 1,581,888.
• Rent deposit from related parties: Rs 1,856,452.

Audit and controls

• Statutory auditors: SDG & Co; opinion: unqualified.
• Secretarial audit flagged delays in LODR filings; vacancy of independent director.
• Internal controls: adequate and operating effectively; Annexure B issued.

Outlook and risks

• FY26 saw no major events; business remains web solutions.
• Outlook: growth from digital transformation, AI, cybersecurity, and cloud services.

Independent Directors cessation

• Abhishek Shashikant Agrawal ceased as Independent Director; completed tenure; effective 19 January 2026.
• Lalit Kumar Tapadia ceased as Independent Director; completed tenure; effective 19 January 2026.

Dematerialisation processing and owner record updates

• Dematerialisation requests processed; certificates confirmed/declared to depositories and listed on the relevant exchanges.
• Physical certificates for dematerialisation were mutilated, cancelled after verification; depository name updated as registered owner within timelines.

Key Decisions

• Appointed Abhishek Agrawal as Additional Non-Executive Independent Director for three years, effective 30 Jun 2026.
• Appointed Lalit Tapadia as Additional Non-Executive Independent Director for three years, effective 30 Jun 2026.
• Audit Committee reconstituted with Lalit Tapadia as Chair, Abhishek Agrawal and Shailesh Patel as members.
• Nomination and Remuneration Committee reconstituted with Lalit Tapadia as Chair, Shailesh Patel and Abhishek Agrawal.
• Stakeholders Relationship Committee reconstituted: Shailesh Patel as Chair; Abhishek Agrawal and Lalit Tapadia as members.

Meeting Details

• Board meeting scheduled for Saturday, May 30, 2026.
• Meeting location: Mumbai.

Key Agenda Items

• Approve audited financial results for quarter and year ended March 31, 2026.

Other Notes

• Trading window closed from April 1, 2026 until 48 hours after results declaration.