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Wardwizard Innovations & Mobility LtdOthers, 02-05-2025: AGM/EGM

02-05-2025 | 02:17 pm

Wardwizard Innovations & Mobility has announced the voting results of its recent postal ballot, where key resolutions were approved with strong majority support from shareholders. The shareholders sanctioned material related party transactions involving the Chairman & Managing Director, and approved raising loans (secured or unsecured) with a potential option to convert these loans into equity shares. Voting participation was modest at under 2%, but approvals exceeded 97% in favor. These decisions provide the company flexibility to fund its growth plans and streamline related party dealings, which is positive for operational scalability and financial management.

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