Wardwizard Healthcare Limited has completed the preferential allotment of 1,08,70,000 convertible warrants to 17 allottees comprising promoter and non-promoter groups. The allotment was approved by the Board of Directors through circulation resolution on November 4, 2026, at 6:02 PM IST.

Key Quantitative Figures

  • Total warrants allotted: 1,08,70,000
  • Issue price per warrant: ₹10
  • Total issue size: ₹10,87,00,000
  • Upfront payment received (25%): ₹2,71,75,000
  • Balance amount payable on conversion (75%): ₹8,15,25,000
  • Number of allottees: 17

Dates of Action

  • Shareholder approval: 42nd Annual General Meeting held on September 30, 2026
  • BSE in-principle approval: October 22, 2026
  • Allotment date: November 4, 2026
  • Conversion period: 18 months from allotment date (until May 4, 2028)

Parties Involved

Promoter Allottees:

  • Yatin Sanjay Gupte: 42,00,000 warrants (₹1,05,00,000 received)
  • Sheetal Mandar Bhalerao: 18,00,000 warrants (₹45,00,000 received)

Non-Promoter Allottees:

  • Ram Chander Sharma: 2,00,000 warrants
  • Nitu Sharma: 2,00,000 warrants
  • Ram Chander Sharma HUF: 2,00,000 warrants
  • Shyam Sunder Sharma: 2,00,000 warrants
  • Hemlata Sharma: 2,00,000 warrants
  • Shyam Sunder Sharma HUF: 2,00,000 warrants
  • Aakanksha Kabra: 2,50,000 warrants
  • Sanjay Kumar Sharma: 3,00,000 warrants
  • Pooja Chotia: 3,00,000 warrants
  • Havish Suppliers LLP: 3,00,000 warrants
  • Kailash Dhanuka HUF: 3,30,000 warrants
  • Ruchika Dhanuka: 3,00,000 warrants
  • Arpit Kabra: 6,30,000 warrants
  • P. B. Films Limited: 6,30,000 warrants
  • Kayan Investment & Trading Company Private Limited: 6,30,000 warrants

Capital Structure Impact

  • Currently no change in paid-up equity share capital as only warrants allotted
  • Upon full conversion of 1,08,70,000 warrants: 1,08,70,000 new equity shares of ₹10 face value will be issued
  • Promoter holding will increase from current 51.23% to 55.11% post-conversion
  • Yatin Sanjay Gupte's holding will increase from 37.04% to 38.60%
  • Sheetal Mandar Bhalerao's holding will increase from 14.19% to 16.51%

Conversion Terms

  • Each warrant convertible into one equity share of ₹10 face value
  • Conversion can be exercised in one or more tranches within 18 months
  • Remaining 75% payment required before conversion
  • Warrants subject to lock-in as per SEBI ICDR Regulations
  • Adjustment provisions for corporate actions during interim period

Changes from Original Plan

  • Original proposal was for 1,25,00,000 warrants
  • Reduced to 1,08,70,000 warrants due to:
  • Mr. Ilyashbhai Dhobi's inability to participate
  • Mr. Yatin Sanjay Gupte reducing subscription from 52,00,000 to 42,00,000 warrants

Additional Details

  • Warrants allotted in electronic form
  • Valuation determined by Independent Registered Valuer
  • Company Secretary & Compliance Officer: Rajbala Kiroriwal (Membership No. A51986)