Wardwizard Innovations & Mobility has informed that Board of Directors of the Company in its meeting held on 20th September, 2021 have considered and approved the following matters; To raise Fund for an amount not exceeding Rs 49,00,00,000, through a Right Issue to the eligible equity shareholders of the Company as on Record date (to be notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, SEBI Listing Regulations, along with relevant circulars issued by the Securities and Exchange Board of India, Companies Act, 2013 (Right Issue), subject to Shareholders & regulatory approval, if any. The rights issue will be either equity or any other convertible instruments. Constituted Right Issue Committee to proceed with the Right Issue and decide the other terms and conditions of the Right Issue, including deciding on the Record date, determining the rights issue price, rights entitlement ratio, appointment of intermediaries and other related matters.
The above information is a part of company’s filings submitted to BSE.
