Wherrelz IT Solutions FY26 Results, Capital Hike & Preferential Issue

Wherrelz IT Solutions Ltd's Board of Directors approved the audited financial results for the half year and year ended March 31, 2026. The board also proposed a significant increase in the authorized share capital from ₹50 lakhs to ₹48 crores, subject to member approval. Additionally, the company plans to issue up to 4,67,70,300 equity shares of ₹10 each to non-promoters on a preferential basis, for the conversion of outstanding unsecured loans. An Extra-Ordinary General Meeting (EGM) is scheduled for May 18, 2026, to seek shareholder approval for these proposals.