Please find enclosed the outcome of the Rights Issue Committee Meeting for your reference
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Wardwizard Innovations & Mobility's Rights Issue, which closed on October 24, 2025, received a preliminary subscription of 74.88%, falling short of the 90% minimum threshold required under SEBI ICDR Regulations for allotment. The Rights Issue Committee noted that one application from Mr. Hitendrakumar Babaldas Shah could not be assigned a BID number due to a technical issue at the bank, though funds were available. The Committee resolved to include this application in the final tally pending bank confirmation, which would push the adjusted subscription above the 90% threshold and allow the company to proceed with allotment of equity shares.
For shareholders, the key takeaway is that the Rights Issue was undersubscribed initially, but the company is taking steps to meet the regulatory threshold so that allotment can proceed. Investors should watch for confirmation of bank receipt and the final allotment announcement; failure to cross 90% could trigger refund obligations.