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

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Price reaction · full curve 14 horizons · vs prior close

+1.3%1-day move

₹0.78

prior close

₹0.79

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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.