The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 13, 2026 for Wardwizard Solutions India Pvt Ltd
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 1.8 pts less 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.
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Promoter Wardwizard Solutions India Private Limited has created a pledge on 9,00,00,000 equity shares (6.32% of total share capital) of Mangalam Industrial Finance Ltd in favor of DY Captive Projects LLP. The pledge represents about 85% of Wardwizard's own holding in the company, which stood at 10,55,20,496 shares (7.40% of capital). The pledge was created on 10-March-2026 under a pledge agreement dated 7-March-2026 as collateral for financial assistance availed by the pledgor. Other promoters include Yatin Sanjay Gupte (5.98%), Venkata Ramana Revuru (9.45%), Sojan Vettukallel Avirachan (17.54%) and Garuda Mart India Pvt Ltd (3.31%), none of whom have any pledged shares disclosed.
Almost the entire stake of one of the company's promoters has been pledged as collateral for a loan, which is a red flag. Any default by Wardwizard could allow the lender to invoke and sell these shares, creating overhang on the stock and uncertainty over promoter control.