Wardwizard Innovations Promoter Releases Pledge on 8.75 Lakh Shares

Wardwizard Innovations & Mobility Limited has announced the release of pledge on 8,75,000 equity shares held by promoter Yatin Sanjay Gupte. This development comes as part of the company's ongoing financial management strategies.

Key Details of the Pledge Release

Aspect	Details
Number of Shares Released	8,75,000
Date of Execution	October 30, 2025
Reason for Release	Repayment of all financial obligations and closure of associated loan facility
Disclosing Entity	Yatin Sanjay Gupte (Promoter)
Regulatory Framework	SEBI regulations

Impact on Share Encumbrance

The release of pledge has resulted in a reduction in the promoter's encumbered shareholding:

Status	Percentage of Total Equity Capital
Before Release	16.43%
After Release	16.09%
Reduction	0.34%

Company Share Capital

Wardwizard Innovations & Mobility Limited's total equity share capital stands at:

Aspect	Details
Total Share Capital (Rs.)	26,07,00,000.00
Number of Equity Shares	26,07,00,000
Face Value per Share (Re.)	1.00

This release of pledge indicates a reduction in share encumbrance for Wardwizard Innovations & Mobility Limited. The decrease in encumbered shares from 16.43% to 16.09% of the company's total equity capital may be relevant information for investors and stakeholders.

Investors and market analysts may want to monitor further developments and their potential impact on the company's financial structure and stock performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.52%	-7.38%	-11.17%	-46.29%	-75.20%	-74.42%

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:

Particulars	Details
Number of Shares Allotted	4,01,23,546
Issue Price per Share	Rs. 11.00
Face Value per Share	Re. 1.00
Total Capital Raised	Rs. 44.14 crore

Impact on Share Capital

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

Aspect	Before Rights Issue	After Rights Issue
Paid-up Equity Share Capital	Rs. 26,06,93,900.00	Rs. 30,08,17,446.00
Total Number of Equity Shares	26,06,93,900	30,08,17,446

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:

Finalization of the basis of allotment in consultation with BSE Limited.
Coordination with the registrar to the issue to ensure accurate allocation.
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.