Wardwizard Innovations & Mobility update on rights issue

Right issue opens on 31 January 2022

Wardwizard Innovations & Mobility has provided the following update for proposed rights issue:

a) Number of Rights Equity Shares to be issued and the size of the Issue: 59,62,373 Equity Shares for an amount aggregating upto Rs 48,89,14,586 (assuming full subscription)

b) Rights Issue Price: Rs 82/- per Rights Equity Share.

c) Face Value: Re. 1/- per share

d) Premium: Rs. 81/- per share

e) Rights entitlement ratio: (1:43) which mean for 1 (one) Rights Equity Share for every 43 (forty three) held by eligible Equity Shareholders of the Company as on the record date.

 

f) On Application: Investors will have to pay Rs 41/- per Rights Equity Share which constitutes 50% of the Issue Price and the balance Rs 41/- per Rights Equity Share which constitutes 50% of the Issue Price, will have to be paid, on one or more subsequent Call(s), as determined by the company's Board at its sole discretion.

g) Record Date: the record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in Rights Issue is 22 January 2022

h) Issue opening Date: 31 January 2022
Issue Closing Date: 14 February 2022

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