Update: Wardwizard Innovations & Mobility will be making the first and final call payment for the partly-paid shares.
The company has fixed October 28, 2022 as the record date to determine the shareholders of partly-paid shares to whom the final call notice would be sent. You can check the announcement from the company here.
As a result, the partly-paid shares of Wardwizard Innovations & Mobility (WARDWIZPP) will be suspended from trading on exchanges from October 27, 2022, and you will not be able to see these holdings on Kite.
| Event Schedule | |
|---|---|
| Payment | ₹ 41 per share |
| Call Payment Period | November 14, 2022 to November 28, 2022 |
| Allotment & Listing | Within 2 to 3 weeks from the last date of payment |
How do I make the call payment
You can make call payment via following modes:
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: Submitting a physical application to the Designated Branch of SCSB.
You can check the list of SCSB (Self Certified Syndicate Banks) here.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly-paid shares may be forfeited (the current Wardwizard Innovations & Mobility partly-paid shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
Wardwizard Innovations & Mobility (WARDINMOBI) will issue Rights Entitlements (REs) to anyone who holds its shares as of January 22, 2022 (record date). You will be eligible to receive Rights Entitlements (REs) if you have bought the shares on or before January 19, 2022. The ex-date is January 20, 2022.
These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of Wardwizard Innovations & Mobility or you can sell them in the market. You can check the announcement from the company here.
Issue Details
| Ex-date | January 20, 2022 |
| Record Date | January 22, 2022 |
| Ratio | 1:43 |
| Issue Price | ₹ 82 per share |
| Issue Period | February 7, 2022 to March 8, 2022 |
| RE Trading Period | February 7, 2022 to February 14, 2022 |
How to apply for the Wardwizard Innovations & Mobility Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post.
You can also apply for rights shares through the website of the Registrar and Transfer agent. The website might not be fully live until the issue opens for the subscription.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying either on the RTA’s website or through your bank.
What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.
I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.
You can read more FAQ’s on Rights Issue and Rights Entitlements here.