Voting result along with Scrutinizer''s Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wherrelz IT Solutions Ltd held an Extra Ordinary General Meeting (EOGM) on May 18, 2026 via video conferencing. Two special resolutions were passed with 100% shareholder approval. Resolution 1 approved an increase in the company's Authorized Share Capital and consequent alteration of the Memorandum of Association. Resolution 2 approved the issuance of up to 4,67,70,300 equity shares on a preferential basis to non-promoter persons, upon conversion of outstanding unsecured loans. All 102,200 votes were cast in favour with zero votes against. Promoter/promoter group did not participate in voting. Only 8 public non-institutional shareholders voted, and no remote e-voting was recorded.
The preferential share issuance to non-promoters upon conversion of unsecured loans will dilute existing promoter shareholding and significantly increase the company's equity base. Shareholders should note the very low participation (only public non-institutions voted), which may indicate limited retail investor interest.