Enclosed herewith attached Disclosure of Voting Results of Postal Ballot Notice dated 28th March,2025.
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Wardwizard Innovations & Mobility disclosed the voting results of a Postal Ballot conducted via e-voting from 31 March to 29 April 2025. Two resolutions were passed by members: (1) Ordinary Resolution approving material related party transactions with Mr. Yatin Sanjay Gupte (CMD and Promoter), passed with 97.09% in favour (22,36,520 votes) vs 2.91% against (67,149 votes); (2) Special Resolution approving the raising of secured or unsecured loans with an option to convert them into equity shares, passed with 98.02% in favour (22,58,165 votes) vs 1.98% against (45,654 votes). Total 1,88,518 shareholders were on record; voting turnout was very low at around 0.88% of outstanding shares (26.07 crore total shares). Promoter group did not cast votes and the public non-institutional category decided both resolutions.
Both resolutions passed comfortably, but the promoter's non-voting on its own RPT limits the signal value. Resolution 2 enables the company to raise convertible loans, which could result in equity dilution for existing shareholders if the conversion option is exercised. Retail investors should monitor any future announcements on the actual loan terms, conversion pricing and dilution impact.