Wardwizard Innovations & Mobility Limited announced the resignation of Non-Executive Independent Director Mr. Miteshkumar Ghanshyambhai Rana, effective from the close of business hours on May 4, 2026. The director stepped down due to personal commitments and increased professional engagements, stating he would not be able to devote adequate time to the role going forward. He confirmed there were no other material reasons for his resignation beyond those stated in his letter.

The company submitted a revised intimation to the stock exchange on May 27, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing included a clarification regarding a delay in the initial submission, attributing the lapse to an inadvertent and unintentional oversight that caused the company to miss the prescribed time limits. The disclosure was made in compliance with Para A of Part A of Schedule III and relevant SEBI circulars.

Mr. Rana held significant positions on various board committees during his tenure. He served as the Chairperson of the Nomination & Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee. Additionally, he was a member of the Risk Management Committee, Audit Committee, Fund Raising Committee, and Right Issue Committee.

Prior to his resignation, Mr. Rana held directorships in several other listed entities. These included I Secure Credit & Capital Services Limited, Wardwizard Healthcare Limited, Mangalam Industrial Finance Limited, and Shayona Engineering Limited.

Directorship Details

Wardwizard Innovations & Mobility Limited has rescheduled its board meeting to Saturday, May 30, 2026. The meeting was previously set for May 28, 2026. The board will convene to discuss and approve the audited financial results for the fourth quarter and the financial year ended March 31, 2026.

Agenda for the Meeting

The primary focus of the board meeting will be the approval of the standalone and consolidated audited financial results for the quarter and year ending March 31, 2026. In addition to the financial results, the directors will consider the annual audited financial statements for the same period.

Fund Raising Proposal

The board is scheduled to deliberate on a proposal to raise funds. This involves the issuance of equity shares or other eligible securities through various permissible modes. The methods under consideration include private placement, qualified institutions placement, preferential issue, rights issue, or a combination thereof. The proposal is subject to necessary regulatory and statutory approvals, as well as shareholder authorization.

Trading Window Closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, the company informed the exchanges about the closure of the trading window. The window will remain closed until 48 hours after the declaration or publication of the financial results. Consequently, the closure is expected to extend until June 1, 2026.

Meeting Details