The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & Wardwizard Solutions India Pvt Ltd
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Promoters of Mangalam Industrial Finance Ltd — Yatin Sanjay Gupte and Wardwizard Solutions India Pvt Ltd (acting as Persons Acting in Concert) — received an allotment of 6,49,18,403 equity shares under the company's Rights Issue on 1st December 2025. Of these, 2,84,24,299 shares went to Yatin Sanjay Gupte and 3,64,94,104 to Wardwizard Solutions. The company's total equity share capital expanded from 96,16,43,500 shares to 1,42,51,29,928 shares of Re. 1 each. As a result, the combined promoter group holding rose slightly from 13.50% to 13.66% of the expanded capital. No encumbrances (pledges) were created on these newly allotted shares.
This is a routine promoter-level disclosure showing promoters subscribed to their entitled portion of the Rights Issue, indicating continued promoter support for the company. Since the combined promoter holding remains well below 50% and no new pledge was created, there is no significant change in control or downside risk for shareholders.