The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 11, 2025 for Wardwizard Solutions ....
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Awaiting price reaction for this filing.
Wardwizard Solutions India Pvt Ltd (a promoter entity of Wardwizard Innovations & Mobility) has released/revoked a pledge on 15,00,000 equity shares (about 0.58% of share capital) held in the company. The pledgee was Luharuka Media and Infra Ltd, and the release was executed on 6th October 2025 after full repayment of the loan and closure of the credit facility. After the release, Wardwizard Solutions India Pvt Ltd has 5,72,926 shares (0.22%) still encumbered out of its total 28,92,438 shares (1.11%) holding. The overall promoter (Yatin Sanjay Gupte) continues to hold 18.63% with 16.04% encumbered, and there is no change in the promoter's actual shareholding, only in the encumbered portion.
This is a positive signal for shareholders as it shows the promoter entity has repaid its loan obligations, reducing the encumbered (pledged) shares. Lower pledged shares mean reduced risk of forced selling if the promoter faces financial stress. No change in promoter ownership, so no dilution or stake change for retail investors.