Wherrelz IT Solutions Ltd

Wherrelz IT Solutions Ltd held an Extra Ordinary General Meeting (EOGM) on May 18, 2026, where shareholders approved two special resolutions. The first resolution pertained to increasing the authorized share capital and consequent alteration of the Memorandum of Association. The second resolution involved the issuance of up to 46,770,300 equity shares on a preferential basis upon conversion of outstanding unsecured loans to non-promoter category individuals. Both resolutions were passed with 100% of the votes polled in favor.

Wherrelz IT Solutions Ltd issued a corrigendum on May 7, 2026, to its Extra Ordinary General Meeting (EGM) notice dated April 17, 2026. The EGM is scheduled for May 18, 2026, via video conferencing. The corrigendum addresses corrections and modifications related to shareholder approval dates, explanatory statements, loan proceeds utilization, pre-preferential shareholding details, and the status of proposed allottees. All other contents of the original EGM notice remain unchanged. The corrigendum was circulated to shareholders on May 7, 2026, and is available on the company's website.

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.

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 a significant increase in the authorized share capital from ₹50 lakhs to ₹48 crores, subject to member approval. Additionally, the company plans to issue up to 4,67,70,300 equity shares of ₹10 each to non-promoters on a preferential basis, for the conversion of outstanding unsecured loans. An Extra-Ordinary General Meeting (EGM) is scheduled for May 18, 2026, to seek shareholder approval for these proposals.

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.

Wherrelz IT Solutions Ltd has announced that its Board of Directors will convene on April 17, 2026. The key agenda items for the meeting include the consideration and approval of the audited financial results for the half-year and full year ended March 31, 2026, along with the Auditor's Report. Additionally, the Board will discuss and potentially approve a preferential issue of shares and/or warrants to non-promoters for cash consideration, specifically for the conversion of a loan. This preferential issue will be subject to shareholder approval. The Board will also fix the relevant date for the preferential issue and determine the details for an Extra Ordinary General Meeting (EGM) to seek shareholder consent.

Wherrelz IT Solutions Ltd has announced the closure of the trading window for dealing in the company's securities by promoters, members of the promoter group, directors, key managerial personnel, insiders, designated persons, connected persons, and their immediate relatives. The closure will be in effect from April 1, 2026, until 48 hours after the declaration of the company's audited financial results for the quarter and year ending March 31, 2026. This action is taken in compliance with SEBI (PIT) Regulations, 2015, and the company's 'Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading in Securities by Designated Persons' ('Insider Trading Code'). The date of the board meeting to consider the audited financial results for the quarter and year ending March 31, 2026, will be shared in due course.

Wherrelz IT Solutions Ltd has clarified and corrected an inadvertent intimation of trading window closure that was filed on 25th December, 2025. The company stated that the intimation was erroneously filed due to an oversight. Wherrelz IT Solutions Ltd is listed on the SME Platform, and as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, quarterly financial results are not applicable to the company. Therefore, the intimation of trading window closure is withdrawn and not applicable.

The Board Meeting of Wherrelz IT Solutions Ltd, originally scheduled for January 21, 2026, was postponed due to unavoidable circumstances. The rescheduled meeting for January 28, 2026, also stood cancelled as the Board has not yet concluded the proposed deal with the lenders. The meeting pertaining to fund-raising matters will be convened on a later date. The agenda remains unchanged and will be taken up for consideration when the Board issues a fresh notice for the meeting.

Wherrelz IT Solutions Ltd has postponed its Board Meeting, originally scheduled for 21st January 2026, due to unavoidable circumstances. The rescheduled meeting will now be held on 28th January 2026 at 4:45 P.M., virtually at the Registered Office of the Company. The agenda circulated with the original notice remains unchanged.