Description
Rights issue closure period extended by 17 days from October 7, 2025 to October 24, 2025.
Summary
Wardwizard Innovations & Mobility Limited (Script Code: 538970) has extended the closure period of its Rights Issue by 17 days. The new closure date is Friday, October 24, 2025, replacing the original closure date of Tuesday, October 07, 2025. The extension was approved by the Rights Issue Committee on October 6, 2025.
Key Points
- Rights Issue closure extended by 17 days
- Original closure date: October 07, 2025
- New closure date: October 24, 2025
- Decision approved by Rights Issue Committee on October 06, 2025
- Newspaper advertisement to be published and submitted to exchange
- Script Code: 538970, Script ID: WARDINMOBI
Regulatory Changes
No regulatory changes. This is a procedural extension of an ongoing corporate action.
Compliance Requirements
- Company to publish advertisement in newspaper
- Advertisement to be submitted to BSE
- Shareholders have additional time until October 24, 2025 to subscribe to the rights issue
Important Dates
- October 06, 2025: Rights Issue Committee meeting approving extension
- October 07, 2025: Original closure date (now extended)
- October 24, 2025: New closure date for Rights Issue
Impact Assessment
The 17-day extension provides existing shareholders additional time to participate in the rights issue. This is a procedural change that benefits shareholders by extending the subscription window. The extension may indicate lower-than-expected initial subscription levels or administrative requirements. Market impact is limited to WARDINMOBI shareholders and does not affect broader market operations.
Impact Justification
Extension of rights issue closure impacts existing shareholders' subscription timeline but does not represent material regulatory change