The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 16, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge on 30,00,000 (30 lakh) equity shares of Wardwizard Innovations & Mobility Ltd in favour of M/s Comfort Fincap Limited on 15th September 2025. The pledge was executed as collateral to secure a financial assistance or credit facility availed by the promoter. After this new pledge, the promoter's encumbered shares rise from 3,81,21,729 (14.62%) to 4,11,21,729 (15.77%) of total share capital, while his overall holding remains unchanged at 4,85,66,153 shares (18.63%). The disclosure has been filed under SEBI Takeover Regulations to ensure transparency on the encumbrance.
This is a creation of pledge, not a sale or invocation, so there is no change in the promoter's ownership. However, a larger portion of the promoter's stake is now locked as collateral, which slightly increases financial risk for shareholders if the promoter defaults on the loan facility.