Wardwizard Innovations & Mobility secures INR 16 Cr loan from HDFC Bank
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?































