The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 03, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 37,00,000 equity shares (about 1.42% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of M/S. Comfort Fincap Limited on 29th September 2025. The pledge was created to secure financial assistance availed under a Financing/Credit Facility Agreement dated 9th September 2025. Before this pledge, the promoter held 4,85,66,153 shares (18.63% of share capital) with 3,81,21,729 shares (14.62%) already encumbered; after this creation, total encumbered shares stand at 4,18,21,729 (16.04% of share capital). The promoter's overall shareholding remains unchanged at 18.63% — only the encumbered portion has increased.
The pledging of additional shares signals the promoter is leveraging his stake to raise funds, which is a mild negative for sentiment as it raises concerns about financial stress or liquidity needs. However, there is no change in actual ownership and 16.04% encumbered is well below the 50% threshold, so the immediate risk to shareholders remains limited.