Enclosed herewith attached Postal Ballot Notice dated 21st March, 2026 for your reference.
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Wardwizard Innovations & Mobility has issued a Postal Ballot Notice dated 21st March 2026 seeking shareholder approval through remote e-voting (NSDL platform) for six ordinary resolutions. Five resolutions seek approval for material related party transactions for FY 2026-27: up to Rs. 75 crore with Garuda Mart India Pvt Ltd, Rs. 300 crore with Wardwizard Solutions India Pvt Ltd, Rs. 50 crore with Aevas Business Solutions Pvt Ltd, Rs. 35 crore with Mangalam Industrial Finance Ltd, and Rs. 40 crore with Mr. Yatin Sanjay Gupte. The sixth resolution proposes increasing the Authorised Share Capital from Rs. 31 crore (31 crore equity shares of Re. 1 each) to Rs. 41 crore (41 crore equity shares of Re. 1 each), along with corresponding amendments to the Memorandum of Association. The e-voting window runs from 9:00 AM on 27th March 2026 to 5:00 PM on 25th April 2026, with results to be announced within two working days thereafter. Mr. Kamal A. Lalani has been appointed as the Scrutinizer for the process.
Shareholders are being asked to approve material related party transactions aggregating up to Rs. 500 crore for FY27 and a Rs. 10 crore increase in authorised share capital, which gives the board headroom for future equity issuance. Investors should review the related party transactions carefully as they involve group/connected entities and an individual (Yatin Sanjay Gupte), and watch the voting outcome as rejection could limit the company's operational flexibility with these counterparties.