The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 10, 2026 for Wardwizard Solutions India Pvt Ltd

Promoter Below 50pctOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹0.78

prior close

₹0.79

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+2.1%+0.5% vs market

Non Banking Financial Company (NBFC) peers, median of 201sector+1.5%+1.0% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.0 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 201Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mangalam Industrial Finance Ltd has informed the BSE that promoter Wardwizard Solutions India Private Limited has created a pledge on 1,50,00,000 (1.5 crore) equity shares of the company, representing 1.05% of total share capital. The pledge was created on April 7, 2026 in favour of Blacksoil Capital Private Limited as collateral for financial assistance availed by a group company. The pledge agreement was originally executed on March 27, 2026. Wardwizard Solutions holds 1,55,20,496 shares (1.08%) in the company, of which nearly the entire holding is now encumbered.

Likely market impact

This is a creation of encumbrance on promoter shares, meaning the promoter has pledged shares to raise funds for a group company. The promoter's ownership in the company does not change, but the shares are now locked as collateral. Shareholders should note the increased financial leverage and any risk if the loan defaults.