The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wardwizard Solutions India Pvt Ltd
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Wardwizard Solutions India Pvt Ltd, along with PAC Mr. Yatin Sanjay Gupte (both belonging to the promoter group), acquired 3,64,94,104 shares of Mangalam Industrial Finance Ltd through a Rights Issue allotted on 1st December 2025. The total promoter group's holding increased from 13.50% (12.98 crore shares) to 13.66% (19.48 crore shares) after the allotment. The company's total equity share capital expanded from Rs. 96.16 crore to Rs. 142.51 crore (face value Re. 1 each) as a result of the rights issue. No encumbrance (pledge) or off-market trading was involved.
The promoter group's stake has risen modestly (by 0.16 percentage points), showing continued confidence by subscribing to their rights entitlement rather than letting it lapse. For shareholders, this signals promoter commitment, though the overall promoter holding remains low at 13.66%, well below the 50% mark.