Herewith Attached Disclosure for Increase in Authorized Capital of the Company
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The Board of Directors of Wardwizard Innovations & Mobility Ltd, at its meeting on 21st March 2026, approved an increase in the company's authorized share capital. The new authorized capital will be ₹41 crore, divided into 41 crore equity shares of Re. 1 each. This requires a consequential amendment to Clause V (Capital Clause) of the company's Memorandum of Association. The filing does not mention any specific fundraising or issuance at this stage. This is typically an enabling step taken before the company raises fresh capital through routes like a rights issue, preferential allotment, or QIP.
No immediate impact on shareholders — authorized capital is just the maximum limit, and existing shareholding and share price are unaffected. Investors should watch for a follow-up announcement detailing any actual fundraise that uses this expanded headroom.