Enclosed herewith the disclosure under Regulation 30 for approving the proposal for the acquisition of a wholly owned subsidiary of Wardwizard Innovations & Mobility Limited
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Wardwizard Innovations & Mobility Ltd's board, at its meeting on 1st September 2025, approved the acquisition of a wholly owned subsidiary named Wardwizard Renewable Energy Private Limited. The subsidiary, incorporated on 25th January 2025, operates in the energy and power sector and will focus on sustainable, renewable, and green energy solutions including generation, distribution, and promotion of environmentally friendly technologies. The company will hold 100% of the subsidiary's share capital through a cash subscription to the initial paid-up share capital of ₹1,00,000. The transaction is classified as a related party transaction, as promoter Mr. Yatin Sanjay Gupte and promoter group entity Wardwizard Solution Private Limited are members/directors in the target company. The WOS is yet to commence operations.
This move signals Wardwizard's strategic expansion into the renewable energy segment beyond its core electric mobility business. While the subsidiary is newly incorporated and small in scale, shareholders should watch for future capital infusion plans and business progress, since the renewable energy foray could open new revenue streams but may also stretch the company's resources.