Enclosed herewith Outcome of Board Meeting dated 06th August 2025 of Wardwizard Innovations & Mobility Limited.
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The Board of Wardwizard Innovations & Mobility approved the un-audited financial results for Q1 FY26 (quarter ended 30th June 2025) along with the Limited Review Report by auditor VCA & Associates. On a consolidated basis, revenue from operations fell to Rs 3,227.04 lakhs from Rs 5,141.36 lakhs in Q1 FY25, a drop of about 37%, while net profit nearly halved to Rs 111.64 lakhs from Rs 230.23 lakhs (EPS at Rs 0.04 vs Rs 0.09). The Board also designated Mr. Shaileshbhai Ramoliya Nathabhai as Senior Management (Associate VP – 3W Factory Operations), effective 6th August 2025. The results flag a contingent liability of about Rs 12.36 crore from a Nhava Sheva customs show cause notice, an unresolved Income Tax search from February 2024, and delays in loan repayments to lenders.
Sharp year-on-year decline in both revenue and profit is a negative signal for shareholders, though a one-time Rs 445 lakh interest income from delayed distributor payments helped prop up the bottom line. The customs show cause notice (Rs 12+ crore) and pending tax search remain key overhangs to watch. Overall, weak quarterly performance coupled with regulatory concerns is likely to weigh on short-term sentiment.