Announced Fri, 16 Oct, 2026 · 18:13 IST

Corrigendum to EGM: preferential issue price revised from 10.00 to 10.07 per share

Board & Shareholder Meetings View source PDFExplain this filing

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Price reaction

Awaiting price reaction for this filing.

AI summary

Wherrelz IT Solutions has issued a corrigendum to its EGM notice (EGM held May 18, 2026) for a preferential issue of equity shares to convert outstanding unsecured loans. The original notice dated April 24, 2026 stated the price as 10 rupees per share, but the registered valuer's report determined the minimum price at 10.07 rupees per share. Accordingly, issue price is revised to 10.07 rupees, number of shares reduced from 4,67,70,300 to 4,64,45,183, with aggregate consideration around 46.77 crore rupees. Company is offering a fresh e-voting window from October 17 to 19, 2026 for members to vote on the revised disclosures. Scruntinizer is CS Mayuri Rupareliya.

Likely market impact

Marginal dilution revision for shareholders; members get a fresh e-voting window on the revised preferential issue price.