Wardwizard promoter group stake diluted after rights issue

Aevas Business Solutions Private Limited, part of the promoter group, disclosed a decrease in its equity shareholding in Wardwizard Innovations and Mobility Limited from 8.21% to 7.11%, following the allotment of fully paid-up equity shares to public shareholders from a recent rights issue. The total shares held by Aevas Business Solutions Private Limited remained at 21,400,000.

Similarly, Garuda Mart India Private Limited, another promoter entity, reported a reduction in its stake from 7.46% to 6.47%, holding 19,450,000 shares both before and after the rights issue. Yatin Sanjay Gupte, a promoter, along with Wardwizard Solutions India Private Limited (PAC) also saw their combined stake decrease from 19.74% to 17.11% in the company.

The total equity share capital of Wardwizard Innovations and Mobility Limited increased from INR 260,693,900 divided into 260,693,900 equity shares to INR 300,817,446 divided into 300,817,446 equity shares, reflecting the dilution caused by the rights issue. All disclosures were made on November 15, 2025, detailing changes that occurred on November 13, 2025.