Enclosed herewith Outcome of Board Meeting of Wardwizard Innovations & Mobility Limited ('the Company') dated 10th September 2025
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Wardwizard Innovations & Mobility's board, at its meeting on 10 September 2025, approved a Rights Issue of up to 4,43,17,963 equity shares (face value Rs. 1 each) at Rs. 11 per share, for an aggregate raise of about Rs. 48.75 crore (including a Rs. 10 premium per share). Eligible shareholders as on the record date of Friday, 19 September 2025 will get 17 rights shares for every 100 shares held (17:100 ratio). The issue opens on 26 September 2025, with renunciation allowed till 1 October 2025, and closes on 7 October 2025. The company has set up credit of rights entitlements in demat form through NSDL and CDSL (ISIN: INE945P20024).
The raise of roughly Rs. 48.75 crore will strengthen the company's funds but will dilute existing shareholders' stakes by about 14.5% on a fully subscribed basis, so the stock may see short-term pressure as the record date approaches. Shareholders who do not wish to subscribe can sell their rights entitlements on-market until 1 October 2025.