The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 15, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge over 30 lakh (1.15% of total share capital) equity shares in favour of M/s Comfort Fincap Limited on September 11, 2025. The pledge was created to secure financial assistance under a credit facility agreement. Post this pledge, the promoter's encumbered shares stand at 4,11,21,729 (15.77% of total share capital), up from 3,81,21,729 (14.62%) earlier. The promoter's overall shareholding remains unchanged at 4,85,66,153 shares (18.63%), but roughly 84.6% of his individual holding is now pledged. Other promoter-group entities (Wardwizard Solutions, Garuda Mart India, Aevas Business Solutions) did not create any new encumbrance in this filing.
This is a fresh pledge creation, not a sale or invocation, so promoter ownership remains the same and there is no immediate dilution risk. However, the very high proportion of pledged shares (over 84% of the promoter's holding) raises concern — any default on the loan could trigger invocation and potential forced selling, putting downward pressure on the stock.