Pursuant to Regulation 30, 33 and schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its meeting held today, ....
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Wardwizard Healthcare Ltd reported Q4 & FY2026 results with total income of Rs 169.70 Lacs, a significant improvement from Rs 41.86 Lacs in FY25. The company narrowed its loss before tax to Rs 22.50 Lacs versus Rs 282.48 Lacs in the prior year. However, the company remains loss-making with a net loss after tax of Rs 31.53 Lacs. The auditor issued an unmodified (clean) opinion. The Board appointed Ms. Harshita Kharva as Chief Financial Officer and Key Managerial Personnel effective May 30, 2026. The company also confirmed it is not classified as a "Large Corporate" under SEBI guidelines with no outstanding qualified borrowings. A key concern is the balance sheet showing negative net worth of Rs 339.59 Lacs and total borrowings exceeding Rs 1,010 Lacs against assets of only Rs 103.84 Lacs.
While the company has significantly reduced losses and grown revenue, the deeply negative net worth (equity is -Rs 339.59 Lacs) and high debt levels relative to assets pose substantial risk. The appointment of a qualified CFO is a positive governance step. Investors should exercise caution given the balance sheet insolvency.