Description

4,01,23,546 equity shares of Re. 1/- each issued at a premium of Rs.10/- on Rights basis are listed and permitted to trade with effect from November 11, 2025.

Summary

Wardwizard Innovations and Mobility Limited (Scrip Code: 538970) has listed 4,01,23,546 new equity shares of Re. 1/- each issued at a premium of Rs. 10/- per share on a rights basis. These shares will commence trading on BSE from November 11, 2025. The shares rank pari-passu with existing equity shares of the company.

Key Points

  • 4,01,23,546 equity shares of Re. 1/- each issued on Rights basis
  • Issue price: Re. 1/- face value + Rs. 10/- premium = Rs. 11/- per share
  • ISIN: INE945P01024
  • Distinctive Numbers: 262052304 to 302175849
  • Date of Allotment: October 30, 2025
  • Trading commencement date: November 11, 2025
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification following completion of a rights issue.

Compliance Requirements

Trading members must:

  • Update their systems to reflect the new securities from November 11, 2025
  • Recognize the new distinctive number range (262052304 to 302175849)
  • Ensure proper settlement processes for the newly listed shares

Important Dates

  • Allotment Date: October 30, 2025
  • Listing Date: November 11, 2025 (Tuesday)
  • Trading Commencement: November 11, 2025

Impact Assessment

The listing of 40.12 million new shares represents a significant increase in share capital for Wardwizard Innovations and Mobility Limited. This rights issue will dilute existing shareholding proportionately for those who did not participate. The total funds raised amount to approximately Rs. 44.14 crores (4,01,23,546 shares × Rs. 11 per share). The market will absorb this additional supply, which may impact stock liquidity and price discovery in the short term. The pari-passu ranking ensures equal rights for all shareholders.

Impact Justification

Rights issue listing increases share capital by 40.12 million shares, significant dilution for existing shareholders but routine corporate action with medium market impact