Enclosed herewith Statement of Variation and Deviation for Quarter ended 31st December 2025.
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Wardwizard Innovations & Mobility has confirmed that there is no deviation or variation in the use of funds raised through its Rights Issue. The company raised Rs. 44.14 crore via a Rights Issue, with allotment done on 30 October 2025, and the entire amount has been utilised for working capital and general corporate purposes as originally stated in the Letter of Offer dated 10 September 2025. The statement, covering the quarter and nine months ended 31 December 2025, was reviewed by the Audit Committee and carries no comments from auditors. This is a routine regulatory compliance filing under SEBI's Listing Regulations, assuring shareholders that the funds were used as promised.
This is a neutral, compliance-related disclosure. There is no negative signal for shareholders since funds were fully deployed as intended with no deviation. It does not materially affect the stock price.