The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 29, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge on 50,00,000 equity shares (about 1.92% of total share capital) of Wardwizard Innovations & Mobility Ltd, in favour of lender Mr. Yoginkumar Patel. The pledge was created on 21st May 2025 and reported to the exchange on 29th May 2025. After this pledge, Gupte's encumbered shares stand at 4,11,86,344 shares (15.80% of total capital) out of his total holding of 7,31,43,177 shares (28.06% of the company), meaning roughly 56% of his personal shareholding is now pledged. The company says the pledge is collateral for a loan taken by the promoter to fund operational and strategic business needs.
This signals that the promoter is raising personal funds against his own shares, which can be a mild negative for retail investors as it raises leverage and risk of forced sale if the loan is not repaid. A promoter pledging more than half of his holding is a watch-out signal and could weigh on sentiment, though the company says the funds are for business use.