Wardwizard Innovations & Mobility Limited has announced that its Board of Directors approved the increase in authorized share capital and consequential amendment to the Memorandum of Association during their meeting held on Saturday, March 21, 2026. The company informed BSE Limited about these decisions in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcomes

The board meeting successfully addressed the key agenda items that were previously scheduled for consideration. The primary focus was on corporate restructuring and regulatory compliance matters.

Share Capital Restructuring Details

The board approved the increase in authorized share capital with specific amendments to the company's constitutional documents. The revised capital structure reflects the company's growth strategy and financial planning.

Memorandum of Association Amendment

The proposed amendment to Clause V (Capital Clause) in the Memorandum of Association provides comprehensive details about the revised capital structure. The amendment grants the company power to increase and reduce capital, divide shares into several classes, and attach preferential rights, privileges, or conditions as determined by company regulations.

Regulatory Compliance Framework

The company has fulfilled its disclosure obligations under Regulation 30, read with Para A(14) of Part A of Schedule III of the SEBI Listing Regulations. The intimation was made in accordance with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Information

Wardwizard Innovations & Mobility Limited trades on BSE with scrip code 538970 under the script ID WARDINMOBI. The company secretary and compliance officer, Jaya Ashok Bhardwaj, digitally signed the regulatory filing on March 21, 2026.

Wardwizard Innovations & Mobility Limited has released its comprehensive investor presentation for Q3FY26, detailing the company's strategic positioning in India's rapidly expanding electric vehicle market. The presentation, dated February 2026, outlines the company's growth trajectory and future expansion plans across multiple business segments.

Strategic Market Positioning

The company has positioned itself as a comprehensive EV solutions provider, focusing on the growing demand for electric two-wheelers and three-wheelers in India. The presentation highlights India's ambitious target of 30% EV penetration by 2030, supported by government initiatives including the FAME II scheme and the newly introduced PM E-DRIVE program.

Manufacturing Infrastructure and Capabilities

Wardwizard operates state-of-the-art manufacturing facilities across multiple locations, demonstrating significant production capacity and operational efficiency.

Product Portfolio and Innovation

The company's diverse product range spans multiple vehicle categories, catering to various market segments and customer requirements. The portfolio includes high-speed scooters like the newly launched "Nemo" model, eco-friendly variants such as the Wolf Eco, and electric bikes designed for urban mobility.

The three-wheeler segment features the Joy E-Rik V1 (L5) series, including passenger and loader variants, along with specialized e-carts for waste management and community transport. All products come with comprehensive warranty coverage, with batteries covered for 36 months or 1.20 lakh kilometers and products warranted for 12 months.

Fleet Operations and Strategic Partnerships

A key growth driver highlighted in the presentation is the company's integrated EV fleet operations model. The company has deployed EV 2Ws across major cities including Kolkata, Pune, and Ahmedabad, with aggressive expansion planned for Chennai, Mumbai, and other metros.

The company has established strategic partnerships with SpeedForceEV and AmpVolts to strengthen its fleet capabilities through battery-swapping and charging infrastructure. These collaborations aim to reduce vehicle downtime and enhance operational efficiency for delivery partners.

Technology and R&D Initiatives

Wardwizard's Singapore-based subsidiary, Wardwizard Global PTE Ltd., focuses on advanced battery technology development. The facility is working on pack assembly production lines and collaborating with Nanyang Technological University (NTU) for cell fabrication and LFP battery R&D.

Key R&D focus areas include:

• Cell chemistry advancements for enhanced power density
• Smart Battery Management Systems (BMS) with thermal analysis
• ANSYS simulations on battery packs
• AI data analysis for long-term battery performance
• Partnership with A&S for next-generation Li-Ion cell technology

Recognition and Market Validation

The company has received multiple industry recognitions, including the 'Inspiring SME of the Year - Manufacturing & Services' award at the 23rd India SME Excellence Awards. Joy e-bike, the company's flagship brand, was awarded 'India's Fastest Growing E-Bike Manufacturer' at the DNA Auto Awards 2024.

Future Growth Strategy

The presentation outlines ambitious expansion plans including international manufacturing facilities in the Philippines and Saudi Arabia. The company aims to capitalize on India's push for 80 million EVs by 2030 and supportive policies including potential Central Subsidy under FAME III initiatives.

With India currently having around 2,600 battery swapping kiosks and government estimates indicating a need for 26,000+ kiosks by March 2026 and 111,000 by FY2030, Wardwizard is well-positioned to benefit from this infrastructure expansion through its strategic partnerships and integrated fleet operations model.