Wardwizard Innovations & Mobility has accepted the resignation of Ms. Mansi Jayendra Bhatt as Non-Executive Independent Director, effective September 4, 2026, after the close of business hours.

The company disclosed the development in a filing with BSE Limited on September 5, 2026, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Bhatt cited personal commitments and increased professional engagements as reasons for stepping down, stating she would be unable to devote adequate time to her role going forward.

Ms. Bhatt confirmed that there were no other material reasons for her resignation beyond those detailed in her letter. The disclosure was signed by Yatin Sanjay Gupt, Managing Director of Wardwizard Innovations & Mobility.

Other Directorships

Ms. Bhatt holds independent director positions in several other listed entities. Her current board memberships include:

She also serves as a director in Wardwizard Healthcare Limited and Mangalam Industrial Finance Ltd. The full details of her resignation are available on the company's website.

Wardwizard Foods & Beverages reported a net profit of ₹1.31 crore for the first quarter ended June 30, 2026, reversing a net loss of ₹1.70 crore in the corresponding period of FY25.

Revenue from operations grew 29% year-on-year to ₹17.03 crore, supported by improved operating performance across its retail and HORECA channels.

Financial Performance

The company’s EBITDA for Q1FY27 stood at ₹2.24 crore, compared to an operating loss of ₹0.52 crore in Q1FY26. This improvement contributed to a net profit margin of 7.69%, up from -12.84% in the prior year quarter.

For the full fiscal year FY26, Wardwizard logged revenue of ₹239.98 crore, a 156% increase over FY25’s ₹93.9 crore. The full-year EBITDA was ₹10.02 crore against a loss of ₹4.54 crore in FY25.

What the Numbers Show

The shift from loss to profit in Q1FY27 was driven by significant operating leverage rather than just top-line growth. While revenue increased by 29%, the EBITDA margin expanded sharply to 19.90% from 2.78% in Q1FY26. This divergence indicates that cost structures are scaling efficiently relative to sales volume, validating the company’s strategy of absorbing fixed costs across a larger revenue base.

Strategic Outlook

Chairperson Sheetal Bhalerao highlighted the company’s focus on expanding its global footprint, particularly in Europe, the CIS region, and Africa. The firm plans to scale production capacity at its Por, Vadodara facility from 5 tonnes per day to 15 tonnes per day in the coming quarter.

Wardwizard targets an EBITDA margin of 12–15% by FY29. The company already achieved a consolidated EBITDA margin of 12.91% in Q4FY26, placing it within the target band ahead of schedule.