Wardwizard Innovations & Mobility has signed a Memorandum of Understanding (MoU) with Ampvolts (formerly Quest Softech (India)), a prominent EV charging stations and infrastructure provider. This strategic collaboration aims to advance green mobility solutions by leveraging the synergies of both organizations to develop robust EV charging infrastructure in India and globally. As part of the agreement, Wardwizard Innovations & Mobility will play a pivotal role in identifying strategic locations for setting up EV charging stations and serving as the front end partner for key projects. The company will also ensure the provision of necessary resources, including financial support, to bolster the development of a comprehensive EV ecosystem. Ampvolts will complement this partnership by supplying state-of-the-art electric vehicle charging equipment, including chargers and associated hardware, to Wardwizard Innovations & Mobility Limited. They will also provide customized CMS software solutions to facilitate payment gateways and online monitoring systems. The company will also extend its Battery as a Service (BaaS) offerings to Wardwizard's B2B clients, delivering innovative and comprehensive solutions to enhance business operations. Powered by Capital Market - Live

Under the agreement, the company will identify strategic locations for setting up EV charging stations, act as the frontend partner for key projects, and provide essential resources, including financial support, to develop a comprehensive EV ecosystem. Ampvolts will support the partnership by supplying advanced EV charging equipment, including chargers and hardware, to Wardwizard Innovations & Mobility. They will also provide customized CMS software for payment gateways and online monitoring. Additionally, Ampvolts will offer Battery as a Service (BaaS) to Wardwizard's B2B clients, delivering innovative solutions to improve business operations. This strategic collaboration aims to advance green mobility solutions by leveraging the synergies of both organizations to develop robust EV charging infrastructure in India and globally. Yatin Gupte, chairman and managing director of Wardwizard Innovations & Mobility, said, 'This partnership is a step forward in our mission to create a robust and sustainable EV ecosystem. ampvolts' expertise in developing customized charging infrastructure solutions will empower us to offer our customers reliable and efficient charging options, enhancing their overall EV experience. Together with ampvolts, we are committed to accelerating the transition to green mobility by delivering integrated solutions that empower businesses and individuals to adopt electric vehicles confidently. Vipul Chauhan, managing director of Ampvolts, said, 'We are happy to partner with Wardwizard Innovations & Mobility in this strategic collaboration, which marks a transformative step toward advancing green mobility. Wardwizard's deep expertise in electric vehicle manufacturing and their well-established presence in the market provide us with invaluable insights and opportunities to expand our reach and impact. By leveraging our cutting-edge technologies and value propositions, as well as their strong customer base and understanding of mobility needs, we can tailor our charging equipment and software solutions to deliver maximum value.' Wardwizard Innovations & Mobility is one of the leading manufacturers of electric two-wheelers under the brand 'Joy e-bike' and three-wheelers under the brand 'Joy e-rik' in India. With more than 10 models in its portfolio in both high- and low-speed categories, the company has established a strong presence in more than 400+ cities across India. The company reported a consolidated net loss of Rs 6.55 crore in Q2 FY25 as compared to a net profit of Rs 2.55 crore recorded in Q2 FY24. Net Sales jumped 18.4% to Rs 58.18 crore in Q2 FY25 from Rs 49.15 crore posted in Q2 FY24.Powered by Capital Market - Live

Net loss of Wardwizard Innovations & Mobility reported to Rs 6.22 crore in the quarter ended September 2024 as against net profit of Rs 2.55 crore during the previous quarter ended September 2023. Sales rose 18.37% to Rs 58.18 crore in the quarter ended September 2024 as against Rs 49.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales58.1849.15 18 OPM %-3.0612.17 - PBDT-5.445.05 PL PBT-6.963.41 PL NP-6.222.55 PL Powered by Capital Market - Live

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

Wardwizard Innovations & Mobility has fixed 20 September 2024 as record date for payment of final dividend. Powered by Capital Market - Live

Wardwizard Innovations & Mobility announced that the 42th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Wardwizard Innovations & Mobility (WIML) has received a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud to form a Joint Venture in the Kingdom of Saudi Arabia (KSA). This strategic collaboration marks a significant step in Wardwizard's global expansion and commitment to sustainable mobility solutions. A comprehensive feasibility study has already been completed, confirming the viability of these ventures in Saudi Arabia. The positive outcome of this study supports Wardwizard's decision to proceed with the Joint Venture, which aligns with the KSA's vision for sustainable development. The proposed Joint Venture involves setting up two plants in Saudi Arabia, which shall include:- - Assembly Plant: An assembly plant for electric two-wheelers, three-wheelers and four wheelers with plans for future expansion to include the production of electric buses. - EV Cells Plant. A dedicated plant focused on the production of electric vehicle cellsPowered by Capital Market - Live

Net profit of Wardwizard Innovations & Mobility rose 47.44% to Rs 2.30 crore in the quarter ended June 2024 as against Rs 1.56 crore during the previous quarter ended June 2023. Sales rose 35.75% to Rs 51.41 crore in the quarter ended June 2024 as against Rs 37.87 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales51.4137.87 36 OPM %14.5111.91 - PBDT4.613.71 24 PBT3.122.17 44 NP2.301.56 47 Powered by Capital Market - Live

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 29 July 2024.Powered by Capital Market - Live