Wherrelz IT Solutions Approves Fundraising Plan and Reports Half-Year Financial Results

Wherrelz IT Solutions Limited has announced significant developments following its board meeting held on November 6, 2025. The company's board has approved a plan to raise funds through secured or unsecured loans with an option for conversion into equity shares, subject to shareholder approval. This move could potentially strengthen the company's financial position and provide flexibility for future growth.

Financial Performance

The board also approved the unaudited financial results for the half-year ending September 30, 2025. Here's a breakdown of the key financial metrics:

The company's performance shows a significant improvement compared to the previous period, with a substantial increase in revenue and a return to profitability.

Balance Sheet Highlights

As of September 30, 2025, Wherrelz IT Solutions reported the following key balance sheet items:

Other Key Developments

1. The board approved a draft notice for postal ballot, indicating potential upcoming decisions requiring shareholder input.
2. Mrs. Rupal Patel was appointed as the Scrutinizer for the postal ballot process, ensuring transparency and fairness in the voting procedure.
3. The company's cash and cash equivalents stood at ₹8.44 lakhs, down from ₹30.29 lakhs at the beginning of the year.

Looking Ahead

While Wherrelz IT Solutions has shown improved financial performance, the approval for potential fundraising suggests that the company may be planning for expansion or looking to strengthen its financial position further. Shareholders and investors should keep an eye on future announcements regarding the implementation of these plans and their potential impact on the company's growth trajectory.

Investors are advised to conduct their own research and consider their financial goals before making investment decisions based on this information.