Wardwizard Innovations & Mobility Limited has announced a significant move to raise capital through a rights issue, as approved by its Board of Directors. The company, known for its innovations in the mobility sector, is set to offer 44.3 million shares to its existing shareholders, valued at ₹487.5 million.

Rights Issue Details

The Board of Directors, in a meeting held on September 10, 2025, approved the key terms of the proposed rights issue. Here are the essential details:

• Issue Size: 4,43,17,963 equity shares with a face value of ₹1 each
• Total Amount: ₹48,74,97,593 (₹487.5 million)
• Issue Price: ₹11 per equity share (including a premium of ₹10 per share)
• Rights Entitlement Ratio: 17 equity shares for every 100 existing shares held

Timeline and Important Dates

The company has set forth a clear timeline for the rights issue:

Additional Information

Wardwizard Innovations has assigned the ISIN INE945P20024 for the Rights Entitlement. The company has also made arrangements with the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) to credit the Rights Entitlement in dematerialized form to the demat accounts of eligible shareholders.

This rights issue provides an opportunity for existing shareholders to increase their stake in the company proportionally to their current holdings. It's a strategic move that allows Wardwizard Innovations to raise capital while giving preference to its current investor base.

Investors and stakeholders can find more details about this rights issue on the company's website at www.wardwizard.in .

Wardwizard Innovations & Mobility , a company listed on the BSE (Scrip Code: 538970), has reported a significant development involving its promoter, Yatin Sanjay Gupte. According to a recent disclosure, Gupte has pledged 49,00,000 equity shares, representing 1.88% of the company's total share capital, to JJ Fincap Private Limited.

Details of the Pledge

The pledge transaction was executed on September 3, 2025, under a Deed of Share Pledge agreement dated September 1, 2025. This move is aimed at securing financial assistance for the promoter, as per the terms and conditions agreed upon in the Financing/Credit Facility Agreement between the parties.

Impact on Promoter's Shareholding

Following this transaction, Yatin Sanjay Gupte's total encumbered shareholding has increased significantly:

Gupte's total shareholding in Wardwizard Innovations & Mobility Limited stands at 4,85,66,153 shares, representing 18.63% of the company's total share capital.

Promoter Group Holdings

The disclosure also provides insights into the holdings of other members of the promoter group:

1. Wardwizard Solutions India Private Limited holds 28,92,438 shares (1.11% of total share capital), with 20,72,926 shares (0.80%) already encumbered.
2. Garuda Mart India Private Limited owns 1,94,50,000 shares (7.46% of total share capital).
3. Aevas Business Solutions Private Limited holds 2,14,00,000 shares (8.21% of total share capital).

Regulatory Compliance

This disclosure has been made in compliance with Regulation 31(1) and Regulation 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has duly informed the BSE Limited and its Board of Directors about this development.

The pledge creation is part of the risk mitigation measures required under the financial arrangement between Yatin Sanjay Gupte and JJ Fincap Private Limited. As per the disclosure, the pledged shares will serve as collateral for the financial assistance obtained under the credit facility agreement.

Investors and market participants are advised to take note of this development, as it represents a significant change in the promoter's encumbered shareholding in Wardwizard Innovations & Mobility Limited.