Wherrelz IT to increase authorized capital to ₹48 Cr; Preferential Issue

Wherrelz IT Solutions Ltd will hold an Extra Ordinary General Meeting (EOGM) on May 18, 2026, to approve a significant increase in its authorized share capital. The existing capital of ₹50 lakhs (5 lakh equity shares of ₹10 each) will be raised to ₹48 crores (4.8 crore equity shares of ₹10 each). This expansion is primarily to facilitate the issuance of up to 4,67,70,300 equity shares on a preferential basis. These shares will be allotted to persons belonging to the 'Non-Promoter Category' upon the conversion of outstanding unsecured loans, aiming to strengthen the company's capital structure and reduce debt.