Please find enclosed the outcome of Rights Issue Committee Meeting for your reference.
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Wardwizard Innovations & Mobility has completed the allotment of its rights issue, issuing 4,01,23,546 (approximately 4.01 crore) fully paid-up equity shares at Rs. 11 per share with a face value of Re. 1 each. The rights issue was originally opened via a Letter of Offer dated September 10, 2025. Following this allotment, the company's paid-up equity share capital has risen from Rs. 26.07 crore (26.07 crore shares) to Rs. 30.08 crore (30.08 crore shares). This represents an equity dilution of roughly 15.4% for existing shareholders who did not subscribe to their rights entitlement. The Rights Issue Committee meeting was held on October 30, 2025, and concluded within 30 minutes.
Shareholders who did not exercise their rights entitlement will see their stake diluted by about 15.4%. The company has successfully raised additional capital (approximately Rs. 44.13 crore at the issue price) to fund its growth plans, which could support business expansion in the EV mobility segment.