Outcome of Meeting of Board of Directors of the Company is herewith attached for your reference.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Wardwizard Innovations & Mobility met on 21st March 2026 and approved several key items. It proposed material related party transactions for FY 2026-27, subject to shareholder approval via postal ballot (e-voting from 27 March to 25 April 2026). The Board also approved the appointment of VRCA & Associates (FRN: 104727W) as Internal Auditors for FY 2026-27, effective 1st April 2026. A major item is the proposed increase in Authorized Share Capital to ₹41 crore (41 crore equity shares of Re.1 each), aimed at enabling conversion of promoter/promoter group loans (secured or unsecured) into equity, and supporting future fund raising through rights issue, QIP, preferential allotment, or private placement. The Board also approved the Postal Ballot Notice, appointed a scrutinizer, and updated statutory policies in line with SEBI and Companies Act amendments.
Shareholders should watch the postal ballot closely, as it includes a potential debt-to-equity conversion by promoters (which could lead to equity dilution) and approval of material related party transactions. The authorized capital hike signals likely future fundraising, which may result in share dilution for existing shareholders.