Wherrelz IT Solutions held its Annual General Meeting for the fiscal year ended March 31, 2026, on September 30, 2026. The meeting was conducted through Video Conferencing and Other Audio-Visual Means due to regulatory compliance.

Members considered and approved three key resolutions. These included the adoption of the audited standalone financial statements for FY26, along with the reports of the Board of Directors and Statutory Auditors. Additionally, the shareholders approved the re-appointment of Sumanlata Dhareshwar as a Director retiring by rotation under Section 152(6) of the Companies Act, 2013.

Resolutions and Voting Process

The third resolution involved the appointment of Mayuri Rupareliya, a Practicing Company Secretary, as the Secretarial Auditor of the company. The meeting was chaired by Pankaj Saxena, Managing Director, who welcomed members and thanked them for their continued support.

Voting was conducted via remote e-voting and an Insta-Poll facility during the meeting. Ms. Rupareliya served as the Scrutinizer to ensure a fair and transparent voting process. The final voting results are scheduled to be communicated to the stock exchange within two working days and published on the company website.

Meeting Logistics

The AGM commenced at 11:30 am and concluded at 11:50 am. The deemed venue for the virtual meeting was the registered office of the company in Navi Mumbai. Statutory registers were made available electronically for inspection by members during the proceedings.

Wherrelz IT Solutions has called its 12th Annual General Meeting for September 30, 2026, to approve financial results that mark a return to profitability. The company reported a net profit of ₹22.96 lakh for FY26, recovering from a loss of ₹894.29 lakh in the prior year.

The BSE SME-listed firm also seeks shareholder approval to re-appoint Mrs. Sumanlata Dhareshwar as a director and to appoint CS Mayuri Rupareliya as its secretarial auditor.

Financial Performance

Revenue from operations grew significantly to ₹1,956.01 lakh in FY26, up from ₹1,071.76 lakh in FY25. This top-line expansion was accompanied by a sharp reduction in total expenses, which fell to ₹1,942.47 lakh from ₹1,966.11 lakh in the previous fiscal year.

The company did not recommend any dividend for the year under review. Share capital remained unchanged at ₹38.96 lakh.

What the Numbers Show

The turnaround in profitability was driven by operational leverage rather than just revenue growth. While revenue more than doubled, total expenses decreased slightly. This divergence suggests significant cost optimization or a shift in the cost structure, allowing the company to cross the break-even threshold despite modest absolute profit margins.

Corporate Governance & Compliance

The Board of Directors met four times during FY26. The Audit Committee, chaired by Independent Director Uma Krishnan, also held four meetings. The Nomination and Remuneration Committee and Stakeholders Relationship Committee each met once.

The secretarial audit report highlighted several compliance lapses, including delayed filing of shareholding patterns and shareholder complaints, which resulted in fines from the BSE. The company has not disclosed a group company incorporated outside India to regulatory authorities, as noted by the auditor.

AGM Details

• Date: September 30, 2026
• Time: 11:30 am
• Venue: Registered Office, Navi Mumbai
• Book Closure: September 18 to September 30, 2026
• E-Voting: Remote e-voting via NSDL opens on September 27, 2026