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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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge over 13,00,000 equity shares (0.50% of total share capital) in favour of Radhamani India Limited. The pledge was created on June 9, 2025, to address a shortfall in the margin call for an existing loan. This brings his total encumbered shares to 4,52,86,344 (17.37% of share capital), up from 4,39,86,344 shares (16.87%) earlier. Overall, he holds 6,48,43,177 shares (24.87%) in the company. The pledge was originally against 60 lakh shares pledged as collateral for a loan, with the additional 13 lakh shares pledged to meet the margin shortfall.
Additional pledging due to margin call shortfall signals potential financial stress on the promoter. With 17.37% of total shares already encumbered, any invocation could lead to forced selling and downward pressure on the stock. Retail investors should monitor for further disclosures related to encumbrance or invocation.