Siddheshwar Advisory raises Wherrelz IT stake to 23.21% in off-market deal
- Siddheshwar Advisory acquired 64,000 additional shares in Wherrelz IT Solutions
- Total stake rose to 90,400 shares, representing 23.21% of voting capital
- Transaction executed via off-market transfer on August 27, 2026
- Filing made under Regulation 29(2) of SEBI SAST Regulations
*this image is generated using AI for illustrative purposes only.
Wherrelz IT Solutions disclosed a further share acquisition by Siddheshwar Advisory Private Limited and its Persons Acting in Concert (PACs). The acquirer purchased 64,000 equity shares through an off-market transfer on August 27, 2026. This transaction brings their total holding to 90,400 shares, accounting for 23.21% of the company’s voting capital.
The acquisition was completed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Wealth Mine Networks Limited is listed as a Person Acting in Concert with the acquirer. This follows a previous acquisition of 16,000 shares in August 2026 that had raised the stake to 6.78%.
Shareholding Structure
Before this latest transaction, Siddheshwar Advisory and its PACs held 26,400 shares, representing 6.78% of the total voting capital. The new acquisition increased their stake by 16.43 percentage points. No warrants, convertible securities, or encumbrances were involved in the deal.
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held | 26,400 | 90,400 |
| Voting Rights (%) | 6.78% | 23.21% |
Capital Details
Wherrelz IT Solutions has a total equity share capital of 3,89,600 shares, each with a face value of ₹10. The total voting capital remained unchanged following the transaction. There are no diluted securities currently outstanding.
Historical Stock Returns for Wherrelz IT Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Will Siddheshwar Advisory's 23.21% stake trigger a mandatory open offer under SEBI takeover regulations, and if so, at what price?
How might this significant consolidation of voting power impact Wherrelz IT Solutions' corporate governance and board composition?
What strategic rationale is driving Wealth Mine Networks Limited and its PACs to aggressively increase their stake in a small-cap IT firm?
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