Wardwizard Innovations & Mobility announces rights issue program

Wardwizard Innovations & Mobility Limited is undertaking a rights issue of up to 44,317,963 fully paid-up equity shares, each with a face value of INR 1. The issue price is set at INR 11 per share, which includes a share premium of INR 10, bringing the aggregate to INR 4,874.98 Lakhs. The rights equity shares will be offered to existing shareholders in a ratio of 17 rights equity shares for every 100 fully paid-up equity shares held as of the record date, Friday, September 19, 2025.

The issue will open on Friday, September 26, 2025, with the last date for on-market renunciation being Wednesday, October 01, 2025. The issue will close on Tuesday, October 07, 2025. Investors are mandated to use the ASBA process for applications. The rights entitlements will be credited in dematerialized form and admitted for trading on the stock exchange under ISIN INE945P20024. The dispatch of the abridged letter of offer and application forms was completed on September 22, 2025.