{"url":"https://newsforagent.com/news/2026-10-24/wherrelz-it-solutions-preferential-issue-resolution","markdown_url":"https://newsforagent.com/news/2026-10-24/wherrelz-it-solutions-preferential-issue-resolution.md","title":"Wherrelz IT Solutions passes ₹46.77 crore preferential issue","headline":"Wherrelz IT Solutions clears revised preferential issue of 4,64,45,183 shares at ₹10.07 each","description":"Wherrelz IT Solutions passed a special resolution for 4,64,45,183 equity shares at ₹10.07 each, raising ₹46,77,02,993 with 100% of votes in favour.","section":"Funding","published_at":"2026-10-24T13:34:56+00:00","modified_at":"2026-10-24T13:34:56+00:00","author":"News Desk","key_takeaways":["Wherrelz IT Solutions passed a special resolution to issue 4,64,45,183 equity shares at ₹10.07 each, for aggregate consideration of ₹46,77,02,993.","The revised price of ₹10.07 replaced the initial proposal of ₹10.00 per share, and the share count fell from 4,67,70,300.","The resolution drew 2,806 votes in favour and none against, with promoters holding 8,000 shares casting zero votes."],"companies":[{"name":"Wherrelz Corporation","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000we5r/wherrelz-corporation","website":"https://wherrelz.com"}],"source":{"publisher":"ScanX","title":"Wherrelz IT Solutions passes revised preferential issue resolution","url":"https://scanx.trade/stock-market-news/companies/wherrelz-it-solutions-passes-revised-preferential-issue-resolution/54392208"},"other_sources":[],"tags":["Funding","Wherrelz Corporation"],"body_markdown":"Wherrelz IT Solutions passed a special resolution to issue up to 4,64,45,183 equity shares on a preferential basis at ₹10.07 each, for aggregate consideration of ₹46,77,02,993. [ScanX](https://scanx.trade/stock-market-news/companies/wherrelz-it-solutions-passes-revised-preferential-issue-resolution/54392208) reported that the resolution was approved with 100% of votes polled in favour and zero votes against.\n\n## Wherrelz IT Solutions Revises Its Preferential Issue Price\n\nThe allotment price of ₹10.07 per share is a revision from the initial proposal of ₹10.00, and the share count was cut from 4,67,70,300. The company said the fresh voting cycle followed a corrigendum-cum-supplementary notice dated October 16, 2026, and addressed BSE instructions on changes to the issue price and total share count linked to the conversion of outstanding unsecured loans held by non-promoter categories.\n\nThe original Extra-Ordinary General Meeting on May 18, 2026 proposed issuing 4,67,70,300 shares at ₹10.00 each, for aggregate consideration of ₹46,77,03,000. The revised aggregate consideration of ₹46,77,02,993 is ₹7 lower, reflecting the smaller share count despite the higher per-share price.\n\nThe fresh remote e-voting window ran from October 17 to October 19, 2026. Public non-institutional shareholders cast 2,806 votes in favour and none against, while promoter and promoter group holders of 8,000 shares cast zero votes. CS Mayuri Rupareliya of M Rupareliya & Associates prepared the scrutiny report, and voting rights were reckoned on paid-up equity share capital as of the September 23, 2026 cut-off date.\n\n## Wherrelz Corporation's Data Centre and Client Footprint\n\nAccording to akta.pro [company records](https://akta.pro/company-data), [Wherrelz Corporation](https://akta.pro/company-profiles/000we5r/wherrelz-corporation) has been in software development since 2005 and serves clients in nine countries, including India, the United States, the United Kingdom, the United Arab Emirates, Ireland, Peru, Fiji, Zambia and Nigeria. The same records show the company built and operates geo-distributed international data centres across six locations, in the US, UK, India, Singapore, Dubai and Japan, and established Wherrelz IT Solutions Pvt Ltd as an India partner entity in Navi Mumbai.\n\n## Wherrelz IT Solutions' AGM and Shareholding Changes\n\nWherrelz IT Solutions held its FY26 AGM on September 30, 2026, where members adopted the audited standalone financial statements, re-appointed Sumanlata Dhareshwar as a director and appointed Mayuri Rupareliya as secretarial auditor, ScanX reported. On September 8, 2026, ScanX reported that the company's net profit turned positive at ₹22.96 lakh for FY26, reversing a prior-year loss of ₹894.29 lakh, with revenue from operations up 82.5% to ₹1,956.01 lakh.\n\nSiddheshwar Advisory acquired 64,000 additional shares in Wherrelz IT Solutions through an off-market transfer on August 27, 2026, raising its stake to 90,400 shares, or 23.21% of voting capital, ScanX reported on September 8, 2026. On August 24, 2026, ScanX reported that the company submitted a revised filing clarifying that promoter Sumanlata Dhareshwar sold 8,000 equity shares in the open market rather than receiving them via warrant allotment.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}