Annual Report of 11th AGM
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Wherrelz IT Solutions Ltd has issued notice for its 11th AGM scheduled on September 30, 2025 at 11:30 AM, to be held via video conferencing. The only ordinary business is adoption of audited financial statements for FY ended March 31, 2025. Key numbers show revenue grew from Rs. 8.74 crore to Rs. 10.72 crore (up ~22.6%), but total expenses ballooned sharply from Rs. 8.65 crore to Rs. 19.66 crore, dragging the company into a net loss of Rs. 8.94 crore versus a small profit of Rs. 9.76 lakh last year. No dividend has been recommended due to the loss. The company's chairman/manning director Pankaj Saxena also holds the CFO position, and a new Company Secretary Harshvardhan Barve took over from July 1, 2025.
The sharp swing from profit to a near Rs. 9 crore loss despite revenue growth is a clear red flag for shareholders — expenses more than doubled while income rose only modestly. The absence of a dividend and combined MD/CFO role raise governance concerns, though the directors expect a turnaround in the near future. Retail investors on the BSE SME platform should view this as a negative signal warranting caution.