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Wardwizard Innovations & Mobility Limited's promoter group, Wardwizard Solutions India Private Limited, has announced the release of 15 lakh (0.15 Cr) equity shares that were previously pledged with Luharuka Media and Infra Ltd. This occurred after the full repayment of all financial obligations associated with the credit facility and the closure of the related loan. This transaction significantly reduces the promoter group's encumbered shares, bringing the percentage of pledged holdings down from 0.80% to 0.22% of the company's total equity. This signals an improvement in the promoter's financial stability and reduced leverage.
All announcements from Wardwizard Innovations & Mobility Ltd