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 (along with PAC Mr. Yatin Sanjay Gupte) has disclosed the creation of a pledge on 9,00,00,000 equity shares (6.32% of the total share capital) of Mangalam Industrial Finance Limited in favour of DY Captive Projects LLP. The pledge was created on 10th March 2026, with the disclosure filed on 12th March 2026. Wardwizard holds 10,55,20,496 shares (7.40%) in Mangalam, meaning roughly 85% of Wardwizard's entire holding in the company is now pledged. Together with PAC Yatin Gupte's 5.98% stake, the combined holding under encumbrance represents a significant portion of the promoter group's total exposure.
Pledging such a large portion of holdings (about 85% of Wardwizard's stake) signals potential financial stress or funding needs of the promoter group, and any invocation of the pledge could lead to a change in shareholding. Retail investors should monitor for further disclosures and assess the risk of a forced sale.