Wardwizard Innovations & Mobility Limited , a key player in the electric vehicle industry, has successfully completed a significant rights issue, bolstering its capital structure. The company's move demonstrates its commitment to growth and expansion in the competitive EV market.

Rights Issue Details

The company has finalized the allotment of equity shares through its rights issue, marking a substantial increase in its paid-up equity share capital. Here are the key details of the allotment:

Impact on Share Capital

The rights issue has led to a significant expansion of Wardwizard Innovations & Mobility's equity base:

This represents an increase of about 15.39% in the company's paid-up equity share capital.

Allotment Process

The Rights Issue Committee approved the allotment following a meticulous process:

1. Finalization of the basis of allotment in consultation with BSE Limited.
2. Coordination with the registrar to the issue to ensure accurate allocation.
3. Approval of the allotment in a committee meeting.

Implications for Investors

This rights issue provides existing shareholders with an opportunity to increase their stake in the company at a predetermined price. It also indicates the company's intentions to fund potential growth initiatives or strengthen its balance sheet.

Investors should note that while the increased equity base might lead to some dilution in the short term, it could potentially support long-term growth strategies of the company.

As Wardwizard Innovations & Mobility continues to navigate the dynamic electric vehicle market, this capital infusion could play a crucial role in its future endeavors. Shareholders and potential investors are advised to keep a close watch on how the company utilizes these funds to drive growth and create value.

Note: Investors are encouraged to conduct their own research and consult financial advisors before making investment decisions based on this corporate action.

Wardwizard Innovations & Mobility Limited has successfully navigated a technical hurdle to meet the minimum subscription threshold for its rights issue, as revealed in a recent company announcement.

Rights Issue Subscription Details

The Rights Issue Committee of Wardwizard Innovations & Mobility Limited convened on October 28, 2025, to finalize the subscription figures for their rights issue, which had closed on October 24, 2025. Initially, the preliminary subscription stood at 74.88%, falling short of the required 90% minimum threshold under SEBI ICDR Regulations, 2018.

Technical Glitch and Resolution

A significant development emerged during the committee meeting:

• Mr. Hitendrakumar Babaldas Shah's application faced a technical issue at the bank level.
• Despite available funds, Shah's application couldn't be assigned a BID number.
• The committee unanimously approved the inclusion of Shah's subscription in the final tally.
• This decision was made after receiving confirmation from the bank.

Impact on Subscription Figures

The inclusion of Mr. Shah's subscription had a substantial impact:

Committee's Decision

Based on the adjusted figures, the Rights Issue Committee resolved to proceed with the allotment of equity shares. This decision was made possible as the adjusted subscription now meets the 90% minimum threshold required under SEBI ICDR Regulations, 2018.

Meeting Details

The Rights Issue Committee meeting details are as follows:

This development underscores the importance of prompt resolution of technical issues in corporate actions, ensuring compliance with regulatory requirements and safeguarding investor interests. The company's swift action in addressing the glitch demonstrates its commitment to a fair and transparent rights issue process.

Investors and market participants are advised to monitor official company communications for any further updates regarding the rights issue allotment process.