Enclosed

Revenue DeclinePat NegativeContingent Liabilities IncreasedResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.6%1-day move

₹6.76

prior close

₹6.79

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.1-0.3+0.9-1.6-2.5-3.4-5.5-6.7+0.3+0.6+2.8——

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AI summary

Wardwizard Innovations & Mobility Limited reported audited consolidated revenue of Rs. 24,690.23 Lakhs for FY2025-26, down 19% from Rs. 30,494.22 Lakhs in the previous year. Profit After Tax (PAT) declined significantly to Rs. 188.76 Lakhs from Rs. 635.71 Lakhs in FY2024-25, a fall of about 70%. The company announced a new Rights Issue of equity shares up to Rs. 100 Crores. The statutory auditor VCA & Associates issued an unmodified (clean) opinion on the financial statements. A contingent liability of Rs. 12.35 Crores exists related to a customs duty demand from Nhava Sheva Custom Authority, against which the company has filed an appeal. Earlier, the company raised Rs. 44.13 Crores via rights issue which was fully utilized for working capital purposes.

Likely market impact

The sharp decline in both revenue and profit is a concern for shareholders. The new Rs. 100 Crores rights issue will dilute existing shareholding. The contingent customs duty liability adds regulatory risk. The clean audit opinion provides some comfort on financial reporting accuracy.