Wherrelz IT Solutions promoter Chaitanya Bharat Dhareshwar has exited his position in the company by selling his entire equity stake. The transaction involved the transfer of 64,000 shares, representing 16.43% of the total voting capital, executed on an off-market basis on August 27, 2026.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sumanlata Dhareshwar is listed as a person acting in concert (PAC) with the seller. Following the sale, Chaitanya Bharat Dhareshwar’s holding in the company stands at zero.

Transaction Details

The sale reduced the promoter’s shareholding from 64,000 equity shares to nil. The company’s total equity share capital remains unchanged at 389,600 shares with a face value of ₹10 each.

What the Numbers Show

The complete divestment by a promoter indicates a significant shift in ownership structure. With the promoter group exiting entirely, the remaining 83.57% of the company’s equity is now held by other shareholders, potentially altering the control dynamics of the listed entity.

Wherrelz IT Solutions promoter Sumanlata Dhareshwar sold 8,000 equity shares in the open market on August 19, 2026. The company submitted a revised disclosure on August 23, 2026, to correct an earlier filing that incorrectly described the transaction as a warrant allotment.

The initial disclosure filed on August 21, 2026, inadvertently stated the shares were acquired via warrant conversion under a preferential issue. Wherrelz IT clarified that the transaction was actually a sale of equity shares by Dhareshwar in the open market.

The sale reduced Dhareshwar’s individual holding from 16,000 shares (4.11%) to 8,000 shares (2.06%). Her person acting in concert (PAC), Chaitanya Bharat Dhareshwar, maintained his existing holding of 64,000 shares (16.45%).

Stake Details

The combined promoter group holding fell from 80,000 shares (20.57%) to 72,000 shares (18.51%) following the sale. The total voting capital of Wherrelz IT Solutions stands at 3,89,000 equity shares of ₹10 each.

No encumbrances or pledges were reported against the sold shares. The disclosure was signed by Sumanlata Dhareshwar as the authorised signatory for the promoter group.