Corrigendum to the Notice of Extra Ordinary General Meeting (EGM) scheduled to be held on May 18, 2026 at 02:00 PM
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Wherrelz IT Solutions has issued a corrigendum correcting errors in the EGM notice dated April 17, 2026. Key corrections include: (1) dates of postal ballot approvals were corrected from April 17, 2025/January 17, 2025 to December 14, 2024; (2) wording around loan utilization objects was clarified; (3) pre-preferential shareholding details were corrected showing all 7 proposed allottees held shares before this issue (ranging from 800 to 15,000 shares); and (4) crucially, all allottees are now stated to be existing shareholders of the company. The EGM is scheduled for May 18, 2026 via video conferencing. The total loan amount involved is approximately ₹46.77 crore, to be converted into equity shares.
The correction that all proposed allottees were existing shareholders (previously stated as none) is a significant change in disclosure. Shareholders should note this preferential allotment will result in substantial dilution, with these 7 entities collectively holding approximately 99% post-allotment.