Wardwizard Foods and Beverages Announces Resignation of Company Secretary Ms. Bhoomi Talati

Wardwizard Foods & Beverages Limited has announced a key leadership change with the resignation of its Company Secretary and Compliance Officer. The company informed the BSE on January 16, 2026, regarding this significant corporate development in compliance with SEBI regulations.

Key Personnel Change Details

Ms. Bhoomi Talati, serving as Company Secretary and Compliance Officer, has tendered her resignation from the Key Managerial Personnel position. The resignation was formally submitted on January 16, 2026, with her departure scheduled for February 16, 2026, after business hours.

Parameter:	Details
Name:	Ms. Bhoomi Talati
ICSI Membership:	F12828
Position:	Company Secretary and Compliance Officer (KMP)
Resignation Date:	January 16, 2026
Effective Date:	February 16, 2026 (after business hours)
Reason:	Better growth and career opportunity

Resignation Background

Ms. Talati cited better growth and career opportunities as the primary reason for her decision to leave the company. In her formal resignation letter addressed to the Board of Directors, she confirmed that no other material reasons exist beyond the stated career advancement motivations. The resignation letter was submitted to the company's registered office in Kolkata and corporate office in Vadodara.

Regulatory Compliance

The announcement was made in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations under Schedule III of the listing regulations and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key compliance aspects include:

Formal intimation to BSE Limited
Detailed disclosure of resignation circumstances
Confirmation of no additional material reasons
Publication on company website at www.wardwizardfoods.com

Management Statement

The resignation was formally communicated by Managing Director Sheetal Mandar Bhalerao (DIN: 06453413) through a digitally signed document. Ms. Talati expressed gratitude to the Board of Directors and the entire team for their trust and support during her tenure as Company Secretary and Compliance Officer.

Next Steps

The company has committed to filing necessary forms with the Registrar of Companies and providing required intimations to stock exchanges, shareholders, and other regulatory authorities. This ensures full compliance with statutory provisions under applicable laws governing such personnel changes in listed companies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.99%	-4.12%	-16.11%	+127.51%	+78.07%	-82.98%

Wardwizard Foods & Beverages Limited has announced its unaudited standalone financial results for the second quarter and half-year ended September 30, revealing a mixed financial performance and raising concerns from auditors.

Financial Performance

The company reported a profit for the quarter, but showed a loss for the half-year period. Here's a breakdown of the key financial metrics:

Particulars (in lakhs)	Q2	H1	Q2 (Previous Year)
Revenue from Operations	6,713.17	8,108.56	458.77
Profit/(Loss) before tax	60.14	(109.77)	(597.28)
Profit/(Loss) after tax	58.34	(111.17)	(599.64)
Total Comprehensive Income	61.63	(106.03)	(591.15)

The company's revenue from operations saw a significant increase compared to the same quarter last year, jumping from 458.77 lakhs to 6,713.17 lakhs.

Auditor's Concerns

The statutory auditors, Mahesh Udhwani & Associates, issued a qualified review report highlighting several concerns:

Outstanding Advances: The financial statements include outstanding advances amounting to 2,760 lakhs, for which no provision for expected credit losses has been made.
Trade Receivables: Certain trade receivables are under scrutiny, with the auditors suggesting that provisions should be recognized against these balances.
Internal Audit Report: The Internal Audit Report for the quarter was not made available for review.
Unbooked Interest Expenses: Interest expenses on a loan balance of 118.99 lakhs from Swapnatari Finserve Limited were not booked for the quarter.

The auditors believe the company should recognize provisions against these balances, while the management considers these amounts recoverable.

Balance Sheet Highlights

As of September 30, the company's financial position shows:

Particulars (in lakhs)	30th Sept	31st March
Total Assets	17,540.70	13,622.20
Total Equity	7,923.46	8,024.47
Total Liabilities	9,617.24	5,597.72

The company's total assets have increased, primarily driven by a significant rise in trade receivables from 2,506.79 lakhs as of March 31 to 6,585.07 lakhs as of September 30.

Cash Flow and Liquidity

The cash flow statement reveals:

Net cash used in operating activities: (37.03) lakhs
Net cash generated from investing activities: 49.87 lakhs
Net cash used in financing activities: (71.01) lakhs

The company's cash and cash equivalents decreased from 64.58 lakhs at the beginning of the period to 6.41 lakhs at the end of September.

Management's Stance

Despite the auditor's concerns, the management of Wardwizard Foods and Beverages Limited maintains that the outstanding amounts are recoverable and has not made provisions against these balances in the financial statements.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 12. The company states that these results have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013.

Investors and stakeholders may need to closely monitor the company's actions regarding the auditor's concerns and the recovery of outstanding amounts in the coming quarters.