EGM of Wherrelz IT Solution s Limited was held on Monday 18th May, 2026 at 02.00 pm through video conferencing and was concluded at 02.18 pm (IST). In this regards, we are submitting Proceedings ....
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Wherrelz IT Solutions Limited held an EOGM on May 18, 2026 via video conferencing, which lasted 18 minutes. The meeting was properly constituted with quorum confirmed. Two special resolutions were passed: (1) increase in authorized share capital and consequent alteration of Memorandum of Association, and (2) issuance of up to 4,67,70,300 equity shares on preferential basis to non-promoter category persons upon conversion of outstanding unsecured loans. Remote e-voting was conducted through NSDL from May 15-17, 2026. Results will be announced within 48 hours. No shareholder queries were raised during the meeting.
Shareholders should note potential significant dilution as a large number of shares (up to 4.67 crore) may be issued to non-promoters via loan conversion. Existing shareholders' ownership percentage will reduce upon share issuance.