StockWatch
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Computers - Software & Consulting
AGM/EGM16 Oct 2026, 06:21 pm

Wherrelz IT Solutions Ltd: Corrigendum to EGM Notice

AI Summary

Wherrelz IT Solutions Ltd has issued a corrigendum-cum-supplementary notice to its Extra-Ordinary General Meeting (EGM) originally convened on May 18, 2026. This notice clarifies and corrects details regarding a preferential issue of equity shares for converting outstanding unsecured loans. The primary correction is to the issue price per equity share, revised from ₹10.00 to ₹10.07, as per the registered valuer's report. Consequently, the number of equity shares to be issued has also been adjusted from 4,67,70,300 to 4,64,45,400. This adjustment was necessitated by the valuation report and subsequent disclosure to the stock exchange on July 4, 2026.

Key Highlights

  • Corrigendum issued for EGM held on May 18, 2026.
  • Issue price for preferential allotment revised to ₹10.07 per share.
  • Number of equity shares to be issued adjusted to 4,64,45,400.
  • Correction relates to conversion of unsecured loan via equity.
  • Disclosure made as per SEBI (LODR) Regulations, 2015.