The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 27, 2026 for Yatin Sanjay Gupte
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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility, has created a fresh pledge over 10,00,000 equity shares (0.33% of share capital) in favour of Comfort Fincap Limited (with Comfort Securities as the depository). The pledge was executed on 25th March 2026 to secure a shortfall in a margin call under an existing financing/credit facility agreement. After this pledge, the promoter's encumbered holdings rise to 2,31,00,000 shares (7.68% of total share capital), which is roughly 97% of his individual shareholding of 2,37,19,424 shares (7.88%). The pledgor's underlying shareholding remains unchanged — only the encumbrance level has increased.
This is a negative signal for retail investors as nearly all of the promoter's personal stake is now pledged, meaning any further drop in the share price or inability to meet margin calls could trigger invocation and a forced sale, increasing downside risk for the stock.