Web Element Solutions Limited — Interim / Quarterly Report 2026

May 30, 2026

WEB ELEMENT
DEFINING YOUR WORLDWIDE PRESENCE
Web Element Solutions Limited
2nd Floor, Satwant Villa 2, Aarey Road,
Near Goregaon Railway Subway,
Goregaon (West), Mumbai - 400 104,
Maharashtra, India
Tel: +91-22-4748 8280
Email: info@webelementinc.com
http://www.webelementinc.com
CIN: L72200MH2008PLC182320

Subject:- Outcome of Board meeting held on 30th May, 2026.

Scrip Code: 780016

We are pleased to inform you that meeting of the Board of Directors of the Web Element Solutions Limited held on today Saturday, 30th May, 2026 at 06:00 P.M., and concluded at 06:30 P.M. at its Registered office 2nd Floor, Satwant Villa 2, Aarey Road, Nr. Goregaon Railway Subway, Goregaon (W), Mumbai - 400104. The Board has taken inter-alia, the following decision:

1. Considered and approved the Standalone Audited Financial Result for the Half Year ended and Year ended on 31st March, 2026, Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2. Considered and approved the Audit Report on the Standalone Audited Financial Result for the Half Year ended and Year ended on 31st March, 2026.

3. Adopted the Declaration regarding the Auditors’ Report with unmodified opinion(s) pursuant to regulation 33 (3) (d) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

4. Approved Appointment of CS Hansa Gaggar, Practicing Company Secretary as Secretarial Auditor for the financial year 2026-27.

5. Took note of the declaration form the Directors of their interest in other companies in Form MBP-1.

6. Took note of declaration from directors of their non-disqualification pursuant to section 164 of Companies Act, 2013 and rule 14 of Companies (Appointment and Qualification of Directors) Rules, 2014.

Please take the same on your record and acknowledge the receipt of the same.

Thanking You.

For and on Behalf of Board,
Web Element Solutions Limited

Yadvender Singh Kanwar
(Whole-Time Director)
DIN: 02150704

Encl: I Audited Financial Results;
II. Statement of Assets & Liabilities;
III. Cash Flow Statement;
IV. Auditors’ Report;
V. Declaration on unmodified opinion

Date: 30.05.2026
Place: Mumbai

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WEB ELEMENT
DEFINING YOUR WORLDWIDE PRESENCE
Web Element Solutions Limited
2nd Floor, Satwant Villa 2, Aarey Road,
Near Goregaon Railway Subway,
Goregaon (West), Mumbai - 400 104,
Maharashtra, India
Tel: +91-22-4748 8280
Email: info@webelementinc.com
http://www.webelementinc.com
CIN: L72200MH2008PLC182320

To,

The Department of Corporate Services,

BSE Limited,

P. J Towers, Dalal Street,

Fort, Mumbai - 400 001.

Subject:- Submission of declaration as per Second proviso of the Regulation 33 (3) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Audited Financial Results 31.03.2026

Scrip Code: 780016

Dear Sir/Madam,

In Accordance with Regulation 33 (3) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 as amended from time to time, we hereby declare that the Statutory Auditor of the Company M/s. SDG & Co., Chartered Accountants, Mumbai have expressed an Unmodified opinion in their Audit Report on the Standalone Financial Statement of the Company for the Financial Year 2025-26.

Kindly take it for information and records.

Thanking You.

For and on Behalf of Board,
Web Element Solutions Limited

Y. R. H. S.

Yadvender Singh Kanwar
(Whole-Time Director)
DIN: 02150704

Date: 30.05.2026
Place: Mumbai

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WEB ELEMENT SOLUTIONS LIMITED

Regd. Office: 2nd Floor, Salwant Villa 2, Azrey Road, Nr. Goregaon Railway Subway, Goregaon (W), Mumbai-400 104

CIN: L72206MH2008PLC182320

PART I: ALLOTED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH, 2016 (AMOUNTS IN Rs. LARTHS)

| Particulars | Half Year ended 31.03.2026
(Audited) | Half Year ended 31.03.2025
(Audited) | Half Year ended 30.09.2025
(Unaudited) | Year ended 31.03.2026
(Audited) | Year ended 31.03.2025
(Audited) |
| --- | --- | --- | --- | --- | --- |
| 1. Income from operations | | | | | |
| a) Revenue from operations | 137.857 | 123.139 | 94.678 | 232.535 | 229.176 |
| b) Other Operating Income | | | | | |
| | 137.857 | 123.139 | 94.678 | 232.535 | 229.176 |
| 2. Other Income | 22.766 | 19.509 | 20.721 | 43.487 | 40.097 |
| Total Income (1 + 2) | 160.623 | 142.648 | 115.399 | 276.022 | 269.273 |
| 3. Expenses | | | | | |
| a) Cost of materials consumed | - | - | - | - | - |
| b) Purchase of stock-in-trade | - | - | - | - | - |
| c) Changes in Inventories | - | - | - | - | - |
| d) Employee benefit expense | 57.360 | 50.562 | 48.919 | 106.279 | 101.012 |
| e) Depreciation and amortisation expense | 1.083 | 1.421 | 1.078 | 2.161 | 2.450 |
| f) Domain & Web Expenses & Server Rent | 51.778 | 38.371 | 34.120 | 85.898 | 75.365 |
| g) Other expenses | 20.039 | 40.539 | 6.871 | 26.900 | 49.356 |
| Total Expenses | 130.230 | 120.893 | 90.984 | 221.238 | 228.381 |
| 4. Profit / (Loss) from ordinary activities before tax and exceptional items | 30.373 | 11.755 | 24.411 | 54.784 | 40.890 |
| 5. Exceptional items | - | - | - | - | - |
| 6. Profit /(Loss) from ordinary activities before tax | 30.373 | 11.755 | 24.411 | 54.784 | 40.890 |
| 7. Tax expense: | | | | | |
| i) Current tax | 3.210 | 6.517 | 6.504 | 9.714 | 11.725 |
| ii) MAT Credit Entitlement | - | -2.074 | - | - | -2.074 |
| iii) Income Tax Provisions Previous years | - | - | - | - | - |
| iv) Deferred tax | -0.215 | 0.350 | 0.157 | -0.058 | -0.138 |
| v) Adjustment of MAT of earlier year | | | | | |
| 8. Net Profit / (Loss) from ordinary activities after tax | 27.379 | 6.962 | 17.750 | 45.129 | 31.377 |
| 9. Extraordinary items ( net of tax expense) | | | | | |
| 10. Net Profit / (Loss) for the period | 27.379 | 6.962 | 17.750 | 45.129 | 31.377 |
| 11. Net Profit / (Loss) after taxes, minority interest and share of profit /(loss) of associates | 27.379 | 6.962 | 17.750 | 45.129 | 31.377 |
| 12. Paid-up Equity Share Capital (Face value Rs. 10/-) | 677.510 | 677.510 | 677.510 | 677.510 | 677.510 |
| 13. Reserves excluding revaluation reserves | 27.379 | 6.962 | 70.672 | 98.051 | 52.922 |
| 14. EPS (Net annualised) | | | | | |
| i) Basic & Diluted EPS before Extraordinary items | 0.404 | 0.103 | 0.262 | 0.666 | 0.463 |
| ii) Basic & Diluted EPS after Extraordinary items | 0.404 | 0.103 | 0.262 | 0.666 | 0.463 |

PART II: SELECT INFORMATION FOR THE YEAR ENDED 31st MARCH, 2016 (AMOUNTS IN Rs. LARTHS)

1. Public shareholding
(a) Number of Shares	52,90,900	52,90,900	52,90,900	52,90,900	52,90,900
(b) Percentage of Shareholding	78.09%	78.09%	78.09%	78.09%	78.09%
2. Promoter and Promoter group shareholding
a) Pledged/Encumbered
-Number of shares
-Percentage of shares (as a % of the total shareholding of promoter and
-Percentage of shares (as a % of the total share capital of the Company)
b) Non-encumbered
-Number of shares	14,84,200	14,84,200	14,84,200	14,84,200	14,84,200
-Percentage of shares (as a % of the total shareholding of promoter and	21.91%	21.91%	21.91%	21.91%	21.91%
promoter group)
-Percentage of shares (as a % of the total share capital of the Company)	100.00%	100.00%	100.00%	100.00%	100.00%
Particulars	Half Year ended 31.03.2026	Half Year ended 31.03.2025	Half Year ended 30.09.2025	Year ended 31.03.2026	Year ended 31.03.2025
---	---	---	---	---	---
B. INVESTOR COMPLAINTS
Pending at the beginning of the quarter	Nil	Nil	Nil	Nil	Nil
Received during the quarter	Nil	Nil	Nil	Nil	Nil
Disposed of during the quarter	Nil	Nil	Nil	Nil	Nil
Remaining unresolved at the end of the quarter	Nil	Nil	Nil	Nil	Nil

1/1/15

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AUDITED STATEMENT OF ASSETS AND LIABILITIES AS ON 31st MARCH, 2026 (AMOUNTS IN Ba LAKHS)

| PARTICULARS | Year ended
31.03.2026
(Audited) | Year ended
31.03.2025
(Audited) |
| --- | --- | --- |
| A. EQUITY AND LIABILITIES | | |
| 1. Shareholders Funds | | |
| (a) Share Capital | 677.510 | 677.510 |
| (b) Reserves and Surplus | 98.051 | 52.922 |
| (c) Money Received against share warrants | - | - |
| Sub-total - Shareholders' funds | 775.561 | 730.432 |
| 2. Share application money pending allotment | | - |
| 3. Minority interest | | - |
| 4. Non Current Liabilities | | |
| (a) Long Term Borrowings | - | - |
| (b) Deferred Tax Liabilities (net) | - | - |
| (c) Other Long Term Liabilities | - | - |
| (d) Long Term Provision | - | - |
| Sub-total - Non-current liabilities | | - |
| 5. Current liabilities | | |
| (a) Short-term borrowings | - | - |
| (b) Trade payables | - | - |
| Outstanding Dues to MSMEs | - | - |
| Outstanding Dues to Others | 13.895 | 5.481 |
| (c) Other current liabilities | 6.557 | 4.035 |
| (d) Short-term provisions | 11.139 | - |
| Sub-total - Current liabilities | 31.591 | 9.517 |
| TOTAL - EQUITY AND LIABILITIES | 807.151 | 739.949 |
| B ASSETS | | |
| 1. Non-current assets | | |
| (a) Property Plant & Equipments (Tangible assets) | 3.861 | 5.761 |
| (b) Non-current investments | 152.648 | 151.531 |
| (c) Deferred tax assets (net) | 0.824 | 0.766 |
| (d) Long-term loans and advances | 2.000 | 20.565 |
| (e) Other non-current assets | - | - |
| Sub-total - Non-current assets | 159.332 | 178.622 |
| 2. Current assets | | |
| (a) Current investments | 2.842 | 2.842 |
| (b) Inventories | - | - |
| (c) Trade receivables | 38.492 | 31.422 |
| (d) Cash and cash equivalents | 48.882 | 6.156 |
| (e) Short-term loans and advances | 543.876 | 518.659 |
| (f) Other current assets | 13.727 | 2.247 |
| | - | - |
| Sub-total - Current assets | 647.819 | 561.327 |
| Total - Assets | 807.151 | 739.949 |

For WEB ELEMENT SOLUTIONS LIMITED

Y S Kanwar
Whole Time Director
DIN: 02150704
Place: Mumbai
Date: 30-05-2026

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AUDITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st MARCH, 2026 (AMOUNTS IN RS. LAKHS)

| Particulars | Year ended
31.03.2026
(Audited) | Year ended
31.03.2025
(Audited) |
| --- | --- | --- |
| | | |
| A. CASH FLOW FROM OPERATING ACTIVITIES
(1) Net Profit before Taxation
(2) Adjustments for: | | |
| -Depreciation | 2.161 | 2.450 |
| -Forex gain loss | -0.755 | (0.150) |
| -Discount Received | -0.103 | (0.152) |
| -Sundry Balances written off/(back) | 2.807 | 0.404 |
| -Interest & Dividend Income | -42.628 | (39.794) |
| -Provision for Deferred Tax | -0.058 | (0.138) |
| (3) Operating Loss before Working Capital Changes (1+2) | 16.208 | 3.509 |
| (4) Adjustments for: | | |
| -Trade Receivables | (9.122) | (5.523) |
| -Short Term Loans and Advances | (6.652) | 12.593 |
| -Other Current & non-current assets | (11.480) | (1.269) |
| -Trade Payable | 8.492 | 2.446 |
| -Other Current Liabilities | 13.685 | (0.630) |
| -Short Term Borrowings | 0.000 | (1.500) |
| Changes in Working Capital | -5.078 | 6.117 |
| (5) Cash generated/(used) in Operating Activities (3+4)
(6) Less: | 11.130 | 9.626 |
| -Income Tax paid | 9.656 | 9.513 |
| (7) Net Cash generated/(used) in Operating Activities (5-6) | 1.474 | 0.113 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | | |
| -Purchase of Fixed Assets | (0.261) | (3.455) |
| -Purchase of Investments | 0.000 | (0.123) |
| Non current investment | (1.117) | (57.718) |
| -Interest & Dividend Received | 42.628 | 39.794 |
| Net Cash generated from Investing Activities | 41.251 | -21.501 |
| C. CASH FLOW FROM FINANCING ACTIVITIES | | |
| -Issue of Share Capital | | - |
| Net Cash generated from Financing Activities | | - |
| D. Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C)
Less: | 42.725 | -21.389 |
| E1.Cash and Cash Equivalents at the beginning of the year | 6.156 | 27.545 |
| E2. Cash and Cash Equivalents at the end of the year | 48.882 | 6.156 |
| Notes:
1. The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in the Accounting Standard-3 on Cash Flow Statement notified by the Companies (Accounting Standard) Rules, 2006. | | |
| 2. Cash and Cash Equivalents include: | | |
| Particulars | Year ended
31.03.2026
(Audited) | Year ended
31.03.2025
(Audited) |
| | | |
| - Cash in Hand | 0.329 | 0.292 |
| - With Schedule Banks:
In Current Accounts | - | - |
| - In Fixed Deposits Accounts(Maturity less than 3 months) | 48.553 | 5.864 |
| Total | 48.88 | 6.16 |
| 3. Previous year's figures have been regrouped and/or rearranged wherever found necessary.

For WEB ELEMENT SOLUTIONS LIMITED

Y S Kanwar
Whole Time Director
DIN: 02150704
Place: Mumbai
Date: 30-05-2026 | | |

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Other Notes:

1. The Company's Financial results for the year ended March 31, 2026 have been reviewed by the Audit Committee and subsequently approved & taken on record by the Board of Directors of the Company at its meeting held on 30-05-2026.
2. Figures of previous reporting periods have been regrouped/reclassified wherever necessary to correspond with the figures of the current reporting period.
3. Pursuant to insertion of new clause under Regulations 33, sub-regulation (3), the Company has prepared statement of cash flows for the year ended March 31, 2026.
4. The above results are also available on our website and the stock exchange, website www.bseindia.com
5. Preceeding six months figures as at 31.03.2026 is a balancing figure between the annual audited figures as on 31.03.2026 and unaudited six months figures as on 30.09.2025.
6. Previous period/year's figures have been regrouped/reclassified wherever necessary to conform to current period/year's classifications.

By Order of the Board

For WEB ELEMENT SOLUTIONS LIMITED

Y S Kanwar
Whole Time Director
DIN: 02150704
Place: Mumbai
Date: 30-05-2026

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CA

INDIA

SDG & CO

Chartered Accountants

Independent Auditor's Report on the Financial Results of Web Element Solutions Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

The Board of Directors

Web Element Solutions Limited

2nd Floor, Sawant Villa 2, Aarey Road,

Nr. Goregaon Railway Subway,

Goregaon (w), Mumbai-400104,

Maharashtra.

Report on the Audit of the Financial Results

Opinion

We have audited the accompanying Financial Results (“the Statement”) of Web Element Solutions Limited (“the Company”), for the half year and year ended on 31st March, 2026, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

a. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and

b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other financial information of the Company for the half year and the year ended on 31st March, 2026.

912, Corporate Annexe, Sonawala Road, Near Udyog Bhawan, Goregaon East, Mumbai – 400063

Landline. No.: +91 22 26856461; E-mail ID: prof.sdgandco@gmail.com; Website: www.sdgco.in

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CA

INDIA

SDG & CO Chartered Accountants

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Results section of our report.

We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management’s Responsibilities for the Financial Results

The Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared on the basis of annual financial statements of the Company. The Company’s Board of Directors are responsible for the preparation and presentation of these Financial Results that give a true and fair view of the net profit/(loss) and other financial information of the Company in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Financial Results, the Board of Directors of Company are also responsible for assessing the Company’s ability to continue as a going concern,

912, Corporate Annexe, Sonawala Road, Near Udyog Bhawan, Goregaon East, Mumbai – 400063
Landline. No.: +91 22 26856461; E-mail ID: prof.sdgandco@gmail.com; Website: www.sdgco.in

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CA

INDIA

SDG & CO
Chartered Accountants

disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors of Company either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

• Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management.

912, Corporate Annexe, Sonawala Road, Near Udyog Bhawan, Goregaon East, Mumbai – 400063
Landline. No.: +91 22 26856461; E-mail ID: prof.sdgandco@gmail.com; Website: www.sdgco.in

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CA

INDIA

SDG & CO

Chartered Accountants

• Conclude on the appropriateness of the Board of Director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Financial Results, including the disclosures, and whether the Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal controls that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

For SDG & Co.

Chartered Accountants

Firm Registration No.: 137864W

Varish Sunil Shah

Partner

Membership Number: 611014

UDIN: 26611014VHODCO7137

Place: Mumbai

Date:30/05/2026

912, Corporate Annexe, Sonawala Road, Near Udyog Bhawan, Goregaon East, Mumbai - 400063

Landline. No.: +91 22 26856461; E-mail ID: prof.sdgandco@gmail.com; Website: www.sdgco.in