Please find attached the Annual Report for the financial year 2024-2025
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Awaiting price reaction for this filing.
Wherrelz IT Solutions has called its 11th AGM on September 30, 2025, at 11:30 AM via video conferencing, with the only ordinary business being adoption of audited financial statements for FY ended March 31, 2025. Revenue from operations grew about 24% to Rs. 10.72 crore from Rs. 8.63 crore in the previous year. However, total expenses more than doubled to Rs. 19.66 crore from Rs. 8.65 crore, dragging the company into a loss before tax of Rs. 8.94 crore compared to a small profit of Rs. 9.46 lakh last year. The loss after tax stood at Rs. 8.94 crore versus a Rs. 9.76 lakh profit in FY24. No dividend has been recommended due to the net loss, and the Board met 4 times during the year. Directors stated they expect 'robust growth in near future' but provided no specifics on the cause of the sharp expense jump or a recovery plan.
Shareholders should view the sharp swing from profit to a Rs. 8.94 crore loss, driven by expenses more than doubling, as a significant red flag. With no dividend and only a vague growth outlook, the filing offers little comfort; investors may want clarity on what caused the expense surge and the path back to profitability before the AGM.