Wonder Electricals Limited has issued a clarification to the National Stock Exchange of India (NSE) and BSE Limited regarding significant movement in its share price, following queries from both exchanges dated April 1, 2026.

Company's Response to Exchange Queries

The company responded through a formal communication dated April 2, 2026, addressing concerns raised by the stock exchanges about unusual price movements. Wonder Electricals emphasized that it has maintained full compliance with disclosure requirements under SEBI regulations.

Regulatory Compliance Statement

Wonder Electricals clarified that the company has made all necessary disclosures from time to time in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable regulations. The company stated it is not aware of any specific reason for the significant movement in its share price.

Market-Driven Movement

The company attributed the price movement to market-driven factors, stating that the movement appears to be purely market-driven and beyond the control of the company and its management. Wonder Electricals reiterated its commitment to continue complying with listing regulations and other applicable laws.

Corporate Structure

Wonder Electricals Limited, formerly known as Wonder Fibromats Limited, operates from its registered office in New Delhi's Okhla Industrial Estate. The company maintains three manufacturing plants across Uttarakhand and Telangana, demonstrating its operational presence in multiple states.

Regulatory Details

The clarification was signed by Dhruv Kumar Jha, Company Secretary and Compliance Officer, and submitted to both exchanges as requested. The company requested the exchanges to take the clarification on record, maintaining transparency in its communication with regulatory authorities.

Wonder Electricals Limited has successfully completed its postal ballot voting process for the appointment of Mr. Atul Mital as an Independent Director, with shareholders demonstrating overwhelming support for the resolution. The company announced the results on March 21, 2026, following the completion of the e-voting process and scrutinizer's review.

Voting Results and Shareholder Participation

The special resolution for Mr. Atul Mital's appointment (DIN: 01391029) received exceptional shareholder approval through the e-voting mechanism. The voting process achieved significant participation across different shareholder categories.

E-Voting Process Details

The postal ballot process was conducted in accordance with regulatory requirements under Sections 108 and 110 of the Companies Act, 2013, and various MCA circulars. Key timeline details include:

The company engaged National Securities Depository Limited (NSDL) as the authorized agency to provide the secured e-voting platform. Advertisement regarding the postal ballot notice was published in Financial Express (English edition) and Jansatta (Hindi edition) on February 18, 2026.

Scrutinizer's Validation

Rubina Vohra & Associates, appointed as the scrutinizer for the voting process, conducted a comprehensive review of the e-voting results. The scrutinizer's report confirmed that 44 members voted in favor of the resolution with 109639464 votes, while only 1 member voted against with 20 votes. No invalid votes were recorded during the process.

The scrutinizer verified that all procedural requirements were met, including proper dispatch of notices, adherence to the cut-off date for eligible voters, and transparent vote counting in the presence of witnesses not employed by the company.

Regulatory Compliance and Filing

The postal ballot results have been submitted to both NSE and BSE in compliance with Regulation 44 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official filing includes comprehensive voting results and the scrutinizer's report dated March 21, 2026.

The voting results and scrutinizer's report are available on the company's website at www.wonderelectricals.com for stakeholder reference. The appointment of Mr. Atul Mital as Independent Director strengthens the company's board composition and governance structure, reflecting strong shareholder confidence in the proposed appointment.