Description

The Rights Issue Committee has approved the extension of the Rights Issue closure period by 17 days, from October 7, 2025 to October 24, 2025.

Summary

Wardwizard Innovations & Mobility Limited (Script Code: 538970) has extended its ongoing Rights Issue closure period by 17 days. The Rights Issue Committee approved this extension at its meeting on October 6, 2025, moving the closure date from Tuesday, October 7, 2025 to Friday, October 24, 2025.

Key Points

  • Rights Issue closure period extended by 17 days
  • New closure date: Friday, October 24, 2025
  • Previous closure date: Tuesday, October 7, 2025
  • Decision approved by the Rights Issue Committee on October 6, 2025
  • Advertisement to be published in newspapers and submitted to the exchange
  • Scrip Code: 538970 (WARDINMOBI)

Regulatory Changes

No regulatory changes. This is a procedural extension of an ongoing corporate action.

Compliance Requirements

  • Company to publish advertisement in newspapers regarding the extension
  • Advertisement to be submitted to BSE
  • Shareholders have additional time until October 24, 2025 to subscribe to the rights issue

Important Dates

  • Meeting Date: October 6, 2025 - Rights Issue Committee meeting
  • Original Closure Date: October 7, 2025
  • Extended Closure Date: October 24, 2025
  • Extension Period: 17 days

Impact Assessment

For Shareholders: Existing shareholders have an additional 17 days to exercise their rights and subscribe to the issue. This provides more time for decision-making and fund arrangement.

For the Company: The extension may indicate lower-than-expected subscription levels or logistical considerations requiring additional time. It allows the company to maximize participation in the rights issue.

Market Impact: Medium - The extension is procedural and gives shareholders more flexibility, though it may signal subscription challenges. The stock may see continued activity related to rights trading during the extended period.

Impact Justification

Extension of rights issue closure affects existing shareholders' timeline to subscribe, but is a procedural change rather than fundamental alteration of terms