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 Private Limited, part of the promoter group, sold 4,21,848 equity shares of Mangalam Industrial Finance Ltd on the open market on 28th March 2025. This reduced Wardwizard's individual holding from 7.63% (7,34,10,057 shares) to 7.59% (7,29,88,209 shares). Combined with PAC Mr. Yatin Sanjay Gupte's unchanged 7.76% stake, the promoter group's total holding came down marginally from 15.39% to 15.35% of the company's share capital. The total equity capital of the company remains at Rs. 96,16,43,500 divided into 96,16,43,500 shares of Re. 1 each. No encumbrance or pledge activity was reported.
This is a minor promoter group trimming of just 0.04% stake via open market, suggesting routine portfolio rebalancing rather than a significant exit. Retail investors are unlikely to see material impact on stock price or promoter control from this small sale.