Websol Energy System Limited is reshaping its board in a move observers will read as a signal of governance continuity and strategic recalibration. At the company’s 36th Annual General Meeting, held under the gaze of shareholders on September 22, 2026, the board secured approval for a set of director changes: the appointment of Sanjay Kumar as a Non-Executive Non-Independent Director, the appointment of Dinesh Agarwal as a Non-Executive Independent Director (both effective from August 10, 2026, for five years), and the retirement by rotation of Rajeewa R Arya. Additionally, Ms. Sanjana Khaitan was re-appointed as a Director, continuing her tenure since joining the board in 2022 as Finance Director.
Sanjay Kumar arrives with a rich track record spanning nearly four decades in the energy sector, primarily through Hindustan Petroleum Corporation Limited (HPCL). His leadership across institutional business, lubricants, strategy, and retail — including his influence on HPCL’s foray into the electric-vehicle ecosystem — positions him to contribute seasoned perspective on strategy, stakeholder engagement, and the energy transition as Websol seeks to navigate a rapidly evolving energy landscape.
Dinesh Agarwal brings a high-caliber governance and regulatory toolkit to the board. A veteran tax, regulatory, and governance adviser, he spent over three decades at Ernst & Young LLP in India, most recently as a partner before his retirement. His appointment as an Independent Director is expected to bolster board oversight, risk management, and regulatory compliance as the company scales its operations and governance framework.
The election of Ms. Sanjana Khaitan to continue as a Director adds continuity to the board’s governance and financial stewardship. An Executive Director and Finance Director by training, Khaitan joined the board in 2022 and has steered the company’s financial architecture, banking relationships, and strategic partnerships. The changes also reflect the departure of Rajeewa Arya, who retired by rotation and did not seek re-appointment due to personal reasons, closing a chapter in Websol’s ongoing board refresh as it pursues growth and the energy transition agenda.