I know that the previous thread regarding WardWizard Innovations has been locked because the company is less than a year old.
Nevertheless, there appear to be some issues that have been highlighted in this blog
The issues are:
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The company’s 1 lakh units capacity was built using Rs15 crores in investment. But the company claims that it invested Rs 45 crores. In another filing, the claim went upto Rs 100 crores.
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The promoters buy into CSE-listed penny stocks, affect management changes, and rebrand companies.
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For FY2021, promoters were main buyers and suppliers.
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Company claims to build a Rs 10 crore office,and then double capacity within a period of 1-2 months.
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Distributor numbers vary according to different filings. Vyom Innovations, the company’s other business, is hardly discussed.
Investors need to clarify these issues with the management.
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