Wherrelz IT Solutions Revises EGM Notice for Preferential Issue
Wherrelz IT Solutions Ltd has revised its Notice for the Extra Ordinary General Meeting (EGM) held on May 18, 2026, due to corrections in the preferential issue details. The issue price per equity share has been revised from ₹10.00 to ₹10.07, leading to a reduction in the total number of equity shares to be allotted from 4,67,70,300 to 4,64,45,183. The aggregate consideration remains largely unchanged at ₹46,77,02,993. These revisions are consequential to the correction of the minimum issue price calculation under SEBI (ICDR) Regulations, 2018. The company has stated there is no material change in the structure, object, or overall size of the preferential issue, nor in the control or management of the company.
Key Highlights
- EGM Notice revised due to preferential issue price correction.
- Issue price increased to ₹10.07 per share from ₹10.00.
- Number of shares reduced to 4,64,45,183 from 4,67,70,300.
- Aggregate consideration remains nearly unchanged.
- No material change in issue structure, object, or control.
Price Impact
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