Wardwizard Innovations & Mobility , a prominent player in the electric vehicle industry, has reported substantial changes in the pledged shares of its promoter, Yatin Sanjay Gupte. These developments, which occurred on August 11 and 12, 2025, involve both the release and invocation of share pledges, impacting Gupte's overall shareholding and encumbered shares.

Pledge Release and Invocation Details

On August 11, 2025, a significant number of pledged shares were released following the repayment of a loan. Specifically:

• 21,36,402 shares pledged with Bikewin Trading Private Limited were released.

Simultaneously, new pledges were invoked to cover margin shortfalls:

• 4,10,000 shares pledged with Knab Finance Advisors Private Limited were invoked on August 11, 2025.
• An additional 2,00,926 shares pledged with Knab Finance were invoked on August 12, 2025.

Impact on Promoter's Shareholding

Following these transactions, Yatin Sanjay Gupte's shareholding position has been adjusted:

The changes resulted in an increase in Gupte's total shareholding percentage from 13.21% to 13.80% of the company's total equity. Conversely, his encumbered shares decreased from 11.64% to 10.59% of the total equity.

Company's Equity Structure

Wardwizard Innovations & Mobility's total equity capital remains unchanged at Rs. 26,06,93,900, divided into 260,693,900 shares of Re. 1 each.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Wardwizard Innovations & Mobility has duly informed the BSE Limited about these changes in promoter shareholding.

The company's prompt disclosure of these transactions underscores its commitment to transparency and adherence to regulatory requirements, keeping shareholders and the market informed about significant changes in promoter holdings.

These developments may be of interest to investors and market analysts monitoring the ownership structure and promoter confidence in Wardwizard Innovations & Mobility.

Wardwizard Innovations & Mobility Limited , a leading manufacturer of electric vehicles under the brands 'Joy e-bike' and 'Joy e-rik', has announced its financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company's board of directors approved the unaudited financial results in a meeting held on August 6, 2025.

Financial Highlights

The company reported a consolidated EBITDA of ₹86.47 crore for Q1 FY2026, marking a year-on-year growth of 15.47%. Despite this improvement in operational efficiency, the total revenues saw a decline of 28.29% compared to the same quarter last year.

Here's a snapshot of the key consolidated financial metrics for Q1 FY2026:

Management Commentary

Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations and Mobility Ltd., commented on the Q1 performance: "While Q1 marked a relatively modest start to the fiscal year, we have made strategic progress that strengthens our foundation for future growth. Our entry into the Fleet Segment is a significant milestone, marked by the 2,500-unit order from SpeedforceEV and a MoU with XiCon International to lease 7,500 electric scooters."

He further added, "As the festive season approaches, starting with Ganesh Chaturthi, we are optimistic about improved consumer sentiment and rising demand. With a healthy pipeline, enhanced distribution, and strategic focus areas in place, we are well-positioned to deliver improved performance in the upcoming quarters."

Strategic Developments

The company has made notable strides in expanding its presence in the fleet segment:

1. Secured a 2,500-unit order from SpeedforceEV
2. Signed a Memorandum of Understanding (MoU) with XiCon International to lease 7,500 electric scooters

These developments are expected to contribute to the company's growth trajectory in the coming quarters.

Senior Management Appointment

In a separate announcement, Wardwizard Innovations & Mobility Limited has designated Mr. Shaileshbha Ramoliya Nathabhai as Associate Vice President – 3W Factory Operations, effective August 6, 2025. Mr. Ramoliya brings over 33 years of experience in manufacturing and factory operations, specializing in the production of 2W, 3W, and 4W electric vehicles and E-Rickshaws.

This strategic appointment aligns with Wardwizard's focus on scaling its 3W operations in the rapidly growing electric vehicle market. Mr. Ramoliya's expertise is expected to contribute significantly to the company's operational efficiency and expansion in the EV industry.

As Wardwizard Innovations & Mobility Limited navigates through the challenges and opportunities in the electric vehicle sector, the company remains focused on innovation, operational efficiency, and market penetration. With the upcoming festive season and strategic initiatives in place, the company is poised for potential growth in the subsequent quarters of FY2026.