Description

40,123,546 new equity shares of Wardwizard Innovations and Mobility Limited issued through rights issue at Re. 1/- per share with Rs. 10/- premium, listed and permitted to trade with effect from November 11, 2025.

Summary

BSE has announced the listing of 4,01,23,546 new equity shares of Wardwizard Innovations and Mobility Limited (Scrip Code: 538970) issued through a rights offering. The shares are issued at face value of Re. 1/- each with a premium of Rs. 10/-, totaling Rs. 11/- per share. Trading in these new securities will commence from Tuesday, November 11, 2025.

Key Points

  • Company: WARDWIZARD INNOVATIONS AND MOBILITY LIMITED
  • Scrip Code: 538970
  • Number of shares: 4,01,23,546 equity shares
  • Face value: Re. 1/- per share
  • Premium: Rs. 10/- per share
  • Issue price: Rs. 11/- per share
  • Basis: Rights issue
  • ISIN: INE945P01024
  • Distinctive Numbers: 262052304 to 302175849
  • Date of Allotment: October 30, 2025
  • Trading commencement: November 11, 2025
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification for new securities issued through rights offering.

Compliance Requirements

  • Trading members are informed about the new securities listing
  • The new shares will trade under the same scrip code (538970) and ISIN (INE945P01024)
  • All existing trading rules and regulations applicable to the company’s equity shares will apply to these new shares

Important Dates

  • Date of Allotment: October 30, 2025
  • Trading Commencement: November 11, 2025 (Tuesday)
  • Notice Date: November 10, 2025

Impact Assessment

Market Impact: The listing of over 40 million new equity shares represents significant dilution for existing shareholders who did not participate in the rights issue. This approximately increases the equity base substantially.

Trading Impact: Medium impact on stock liquidity and price. The increase in share count may lead to:

  • Enhanced liquidity in the counter
  • Potential short-term price pressure due to increased supply
  • Rights issue proceeds strengthen company’s capital base

Investor Impact: Existing shareholders who subscribed to the rights issue will see their shares listed for trading. Non-participating shareholders face dilution. The shares rank pari-passu, ensuring equal rights for all equity holders.

Impact Justification

Rights issue listing for existing company. Medium impact due to significant dilution (40+ million shares) but routine corporate action for existing shareholders.