Description
BSE announces listing of 4.01 crore equity shares issued on rights basis by Wardwizard Innovations and Mobility Limited, effective November 11, 2025.
Summary
BSE has approved the listing and trading of 4,01,23,546 new equity shares of Wardwizard Innovations and Mobility Limited (Scrip Code: 538970) issued on a rights basis. These shares will be available for trading from November 11, 2025, and rank pari-passu with existing equity shares.
Key Points
- 4,01,23,546 equity shares of Re. 1/- each issued at a premium of Rs. 10/-
- Shares issued on rights basis to existing shareholders
- ISIN: INE945P01024
- Distinctive Numbers: 262052304 to 302175849
- Date of Allotment: October 30, 2025
- Trading commencement: November 11, 2025
- New shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes. This is a standard listing notification.
Compliance Requirements
Trading members should note the listing of these new securities and update their systems accordingly for trading from November 11, 2025.
Important Dates
- Allotment Date: October 30, 2025
- Trading Commencement: November 11, 2025
Impact Assessment
This is a routine corporate action with limited market-wide impact. The rights issue increases Wardwizard’s equity base by approximately 40.1 million shares. Existing shareholders who participated in the rights issue will see their holdings diluted if they did not subscribe proportionately. The issue price of Rs. 11 per share (Re. 1 face value + Rs. 10 premium) reflects the terms offered to rights shareholders.
Impact Justification
Routine listing of rights issue shares for a single company with no broader market implications