Enclosed herewith Outcome of Postal Ballot dated 11th April 2025 of Wardwizard Innovations & Mobility Limited.
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Wardwizard Innovations & Mobility Ltd announced the results of its postal ballot conducted via e-voting from March 13 to April 11, 2025. All 12 resolutions were passed with the required majority. Nine ordinary resolutions approved material related party transactions with entities including Aevas Business Solutions, Garuda Mart India, Wardwizard Solutions, LCL Aviation, Bluebells Insurance Broking, Wardwizard Medicare, Wardwizard Healthcare, Wardwizard Properties Holdings, and Wardwizard Renewable Energy, each receiving over 97% votes in favour. Two special resolutions appointed Ms. Mansi Jayendra Bhatt as Non-Executive Independent Woman Director (99.95% in favour) and Mr. Sanjay Mahadev Gupte as Whole-Time Director (86.63% in favour — the lowest approval). The 12th special resolution approved cancellation of 2,92,070 unsubscribed and 13,58,403 forfeited equity shares with 99.94% approval. Promoters held 13.46 crore shares and voted only on resolutions where they had no interest. Overall shareholder turnout was very low at about 0.89% of outstanding shares.
All key resolutions passed, including multiple RPT clearances and director appointments, signaling smooth governance execution. Shareholders should note the cancellation of roughly 16.5 lakh shares will modestly reduce share capital. The notably lower approval (86.6%) for Mr. Gupte's whole-time director appointment and the very low voter turnout suggest limited minority shareholder participation.