Wherrelz IT Board Approves FY26 Results, ₹48 Cr Capital Hike, Preferential Issue

Wherrelz IT Solutions Ltd's Board of Directors approved the Audited Financial Results for the half year and year ended March 31, 2026. The board also proposed to increase the authorized share capital from ₹50 lakhs to ₹48 crores, subject to member approval. Additionally, it approved a preferential issue of up to 4,67,70,300 equity shares of ₹10 each to non-promoters, for converting outstanding unsecured loans into shares, also subject to member and appropriate authority approvals. An Extra-Ordinary General Meeting (EGM) is scheduled for May 18, 2026, to seek member approvals for these proposals.