Wardwizard Innovations & Mobility Ltd — Important, 01-09-2025: Company Update

Wardwizard Innovations & Mobility Limited's board has approved the acquisition of a new wholly-owned subsidiary, Wardwizard Renewable Energy Private Limited. This strategic move aims to expand the company's presence in the energy and power sector. The new subsidiary will focus on developing, generating, distributing, and promoting sustainable, renewable, and green energy solutions. The initial share capital of the subsidiary is 0.01 Cr, with Wardwizard Innovations & Mobility Limited holding 100%. While the subsidiary is yet to commence its operations, this step signifies the company's commitment to diversifying into environmentally friendly energy.