Web Element Solutions Limited has made a disclosure to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company announced that Mr. Abhishek Shashikant Agrawal (DIN: 03052720) and Mr. Lalit Kumar Tapadia (DIN: 08117881) have completed their term as Independent Directors of the Company on 20th January, 2025. Consequently, both directors will cease to be Independent Directors of the Company with effect from the close of business hours of 20th January, 2025.
The reason for cessation is retirement due to completion of term of five consecutive years.
The disclosure includes an Annexure-A with the following details:
| Sr. No. | Particulars | Details |
| 1 | Name | 1. Abhishek Shashikant Agrawal<br>2. Lalit Kumar Tapadia |
| 3 | Reason for change | Retirement due to completion of term of five consecutive years |
| 4 | Date of cessation & terms of appointment | From the close of business hours of 20th January, 2025 |
| 5 | Brief profile | Not applicable |
| 6 | Disclosure of relationships between Directors | Not applicable |
| 7 | Information required pursuant to BSE Circular no. LIST/COMP/14/2018 | Not applicable |
The disclosure references SEBI Circular CIR/CFD/CMD/4/2015 dated 09th September, 2015 and SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated 13th July, 2023.
The letter is signed by Yadvender Singh Kanwar (Whole-Time Director, DIN: 02150704) on behalf of the Board of Web Element Solutions Limited.