Enclosed herewith Voting Results of Postal Ballot dated 11th April 2025 of Wardwizard Innovations & Mobility Limited.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wardwizard Innovations & Mobility announced the results of its Postal Ballot concluded on 11th April 2025, with all 12 resolutions passed by the required majority. Resolutions 1–9 were ordinary resolutions approving material related party transactions with nine entities, including Aevas Business Solutions, Garuda Mart India, Wardwizard Solutions India, LCL Aviation, Bluebells Insurance Broking, Wardwizard Medicare, Wardwizard Healthcare, Wardwizard Properties Holdings, and Wardwizard Renewable Energy — each received around 97.5% support, with only public non-institutions voting (about 1.85% turnout) since promoters were flagged as interested. Resolution 10 appointed Ms. Mansi Jayendra Bhatt as Non-Executive Independent Woman Director with 99.95% support, and Resolution 11 appointed Mr. Sanjay Mahadev Gupte as Whole-Time Director with 86.63% support. Resolution 12 approved cancellation of 2,92,070 unsubscribed shares and 13,58,403 forfeited shares, passing with 99.94% support. Promoters hold about 51.6% of total shares (134,580,438 of 260,693,900).
All resolutions were approved, giving the company a clean mandate to proceed with multiple related-party transactions, two director appointments, and a capital cleanup via share cancellation. Shareholders should note the relatively higher dissent (13.37%) on the Whole-Time Director appointment, which is unusual and may reflect some investor discomfort with the appointment.