Enclosed herewith Outcome of Board Meeting of Wardwizard Innovations & Mobility Limited
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Wardwizard Innovations & Mobility's board approved the 43rd Annual General Meeting to be held on September 30, 2025, via video conferencing, along with the Directors' Report, Management Discussion and Analysis, and Business Responsibility & Sustainability Report for FY2024-25. The board fixed September 19, 2025, as the record date to identify members eligible for the final dividend, which is still subject to shareholder approval at the upcoming AGM. The board also approved acquiring Wardwizard Renewable Energy Private Limited as a 100% wholly owned subsidiary for cash consideration, marking the company's entry into the renewable and green energy business. The acquisition is a related party transaction because promoter Yatin Sanjay Gupte and promoter group entity Wardwizard Solution Private Limited are directors/members in the target company. Additionally, the board acknowledged a compliance lapse — a delayed shareholding pattern filing for Q1 FY26 — which led to a BSE fine that has since been paid.
Shareholders of record as of September 19, 2025, will be eligible for the final dividend if approved at the AGM on September 30. The wholly owned subsidiary acquisition expands the company's footprint into renewable energy but is a related party deal, so investors should watch for further details on arm's-length pricing and strategic benefits. The BSE fine and delayed shareholding pattern filing are minor and already resolved, with no ongoing impact.