The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 13, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has reported three share pledge transactions on Wardwizard's stock. First, 21.36 lakh equity shares pledged with Bikewin Trading Private Limited were released on 11 August 2025 after he cleared all outstanding loan dues. Second, 6.11 lakh shares pledged with Knab Finance Advisors Private Limited were invoked across two dates (11 and 12 August 2025) due to a shortfall in the required margin. After these events, promoter Yatin Gupte's encumbered holdings stand at about 2.76 crore shares, or roughly 10.59% of the company's total share capital, which is around 80% of his personal stake in the company. Net effect: total pledged shares have reduced by about 15.25 lakh shares compared to before these events.
Mixed signals for shareholders — clearing the Bikewin loan is positive, but the invocation of shares with Knab Finance Advisors signals financial stress on the promoter and could lead to forced selling of these shares in the market, putting short-term downward pressure on the stock. A high pledge ratio (above 50% of his personal holding) remains a concern.