The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 11, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte created a pledge on 13,00,000 equity shares (0.50% of share capital) of Wardwizard Innovations & Mobility Ltd on June 9, 2025, in favor of Radhamani India Limited. The pledge was triggered by a shortfall in the margin call on an existing loan where 60 lakh shares were already pledged as collateral. Post this event, the promoter's encumbered holding stands at 4,52,86,344 shares (17.37% of share capital) out of his total holding of 6,48,43,177 shares (24.87%). This means roughly 69.8% of the promoter's personal stake is now pledged, raising concerns about leverage and financial flexibility.
A margin call-driven pledge increase is a negative signal, suggesting the promoter may be under liquidity or financial stress. With nearly 70% of the promoter's shares already pledged, any further drop in the stock price increases the risk of pledge invocation or forced selling, which could weigh on the share price and erode investor confidence.