Enclosed herewith Outcome of Annual General Meeting of Wardwizard Innovations & Mobility Limited dated 30th September 2025
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Wardwizard Innovations & Mobility held its 43rd AGM on 30th September 2025 via video conferencing, where four resolutions were put to vote. Three resolutions passed with overwhelming majority: adoption of audited financial statements for FY25 (99.99% in favour), re-appointment of Mr. Yatin Sanjay Gupte as director (99.93% in favour), and appointment of Mr. Kamal A. Lalani as secretarial auditor for 5 years (99.96% in favour). However, the dividend declaration resolution failed dramatically — only 0.45% of votes were in favour while 99.55% voted against, with the entire promoter group (4.08 crore shares) voting against it. Total valid votes polled were 9.08 crore out of 26.07 crore outstanding shares, representing 34.84% voting participation. Of 1,87,541 total shareholders on record date, only 48 attended the meeting through video conferencing.
Shareholders rejected the proposed dividend of ₹0.10 per share, meaning no dividend will be paid for FY25 — capital stays with the company for business use. The strong opposition came from the promoter group itself, who voted unanimously against the dividend. This is a negative signal for income-seeking retail investors but may be positive for those who prefer reinvestment of earnings into the business.