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.

Wherrelz IT Solutions has announced the voting results for its Extra Ordinary General Meeting (EOGM) held on May 18, 2026. The meeting was conducted through video conferencing to consider two special resolutions regarding the company's capital structure and debt conversion. The resolutions were passed with the requisite majority, as detailed in the scrutinizer's report submitted by CA Shashank P. Doshi.

Voting Results Summary

The remote e-voting process commenced on May 15, 2026, and concluded on May 17, 2026. A total of 102,200 votes were polled during the meeting, representing 26.23% of the total outstanding shares. All votes were cast in favour of the resolutions, with no votes registered against them. The scrutinizer confirmed that the resolutions were passed as special resolutions.

Resolutions Passed

Shareholders approved the increase in the authorized share capital and the consequent alteration of the Memorandum of Association. Additionally, the company secured approval for the issuance of up to 4,67,70,300 equity shares on a preferential basis. These shares will be issued upon the conversion of an outstanding unsecured loan to persons belonging to the 'Non-Promoter Category'.

The meeting was attended by 9 promoters and 39 public shareholders. The results of the voting have been disclosed to the stock exchanges and are available on the company's website.