Enclosed herewith Intimation under Regulation 30 for dispatch of Abridged letter of offer for Rights Issue of Wardwizard Innovations & Mobility Limited.
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Wardwizard Innovations & Mobility has completed the dispatch of the Abridged Letter of Offer for its Rights Issue on September 22, 2025. The company is issuing up to 4,43,17,963 equity shares of face value Rs. 1 each at a price of Rs. 11 per share (including a Rs. 10 share premium), aiming to raise up to Rs. 48.75 crore. The ratio is 17 rights shares for every 100 shares held by eligible shareholders as on the record date of September 19, 2025. The issue opens on September 26, 2025 and closes on October 7, 2025, with the last date for on-market renunciation being October 1, 2025.
Eligible shareholders can subscribe to the rights entitlement at Rs. 11 per share between September 26 and October 7, 2025. The issue will dilute existing shareholdings by roughly 17% if fully subscribed, and stock price may trade ex-rights around the record date.