Wardwizard Innovations & Mobility secures INR 16 Cr loan from HDFC Bank

1 min read     Updated on 30 Jun 2026, 10:33 PM
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Riya DScanX News Team
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Wardwizard Innovations & Mobility Ltd secured a INR 16 Cr credit facility from HDFC Bank under ECLGS 5.0 with an 8.95% interest rate. The Board approved the Working Capital Term Loan on June 30, 2026, to support working capital needs.

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Wardwizard Innovations & Mobility has secured a credit facility of INR 16,00,00,000 from HDFC Bank under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The Board of Directors approved the availing of this Working Capital Term Loan (WCTL) during a meeting held on June 30, 2026. This financial infusion is aimed at bolstering the company's working capital requirements.

The loan carries an interest rate of 8.95%. The agreement was executed on June 30, 2026, between Wardwizard Innovations & Mobility Limited and HDFC Bank Limited. The transaction does not involve any related parties, and no special rights such as director appointments or share subscription preferences were granted to the lender.

Key Loan Details

Particulars Details
Lender HDFC Bank Limited
Purpose Credit Facility: ECLGS - Working Capital Term Loan (WCTL)
Size of Agreement INR 1,60,000,000
Interest Rate 8.95%
Date of Execution 30-June-2026

The Board meeting, which commenced at 07:00 PM IST and concluded at 07:30 PM IST, was convened to finalize the borrowing. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As of the date of disclosure, there are no amendments or terminations to the loan agreement.

Historical Stock Returns for Wardwizard Innovations & Mobility

1 Day5 Days1 Month6 Months1 Year5 Years
-1.41%-6.81%+2.95%+15.56%-50.64%-91.57%

How will Wardwizard utilize this working capital infusion to scale production or expand its market share?

What impact will the 8.95% interest rate have on the company's overall financial health and profitability?

Could this credit facility signal a broader trend of increased reliance on government-backed schemes in the EV sector?

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Wardwizard Innovations & Mobility reports FY26 results

1 min read     Updated on 01 Jun 2026, 01:02 PM
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Reviewed by
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AI Summary

Wardwizard Innovations & Mobility Limited's Board approved audited financial results for Q4 and FY26 on May 30, 2026. The results, published in newspapers on June 1, 2026, show a quarterly net profit of ₹2,501.19 lakh and an annual net loss of ₹223.95 lakh. The full reports are available on the company's website and BSE.

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Wardwizard Innovations & Mobility Limited's Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, on May 30, 2026. The company disclosed these findings through a newspaper publication on June 1, 2026, in the Financial Express and Pratahkal, adhering to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The full format of the audited financial results for the fourth quarter and year ended March 31, 2026, is available on the company's website and the stock exchange's website. Shareholders and investors can access the documents by scanning the Quick Response (QR) code provided in the publication.

Financial Results Overview

The company reported its financial performance for the quarter and year ended March 31, 2026. The results encompass both standalone and consolidated figures, providing a comprehensive view of the company's financial health during the period.

Period Total Income from Operations (₹ in Lakhs) Net Profit/(Loss) for the period after tax (₹ in Lakhs)
Quarter Ended 31.03.2026 (Audited) 3,482.83 2,501.19
Year Ended 31.03.2026 (Audited) 252.02 (223.95)
Quarter Ended 31.03.2025 (Un-Audited) 314.17 (860.40)
Year Ended 31.03.2025 (Audited) 4,178.61 1,113.69

Regulatory Compliance

The intimation regarding the financial results was submitted in accordance with Regulation 33 read with Regulation 47(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The statutory auditors have carried out the independent audit of these results. The figures for the previous period have been regrouped and rearranged wherever necessary to correspond with the current period's classification.

Historical Stock Returns for Wardwizard Innovations & Mobility

1 Day5 Days1 Month6 Months1 Year5 Years
-1.41%-6.81%+2.95%+15.56%-50.64%-91.57%

What strategic initiatives contributed to the significant turnaround in Q4 2026 profitability compared to the previous year?

How does the company plan to address the annual net loss despite strong Q4 performance?

What are the growth projections for the upcoming fiscal year given the fluctuating income trends?

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