The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 30, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has disclosed the invocation of a pledge on 3,00,000 equity shares (0.12% of total share capital) of Wardwizard Innovations & Mobility Ltd by KNAB Finance Advisors Private Limited. The invocation took place on 24th July 2025 and was reported on 29th July 2025, related to a Loan Against Securities facility. Post-invocation, the promoter's encumbered shares stand at 3,03,54,855 shares (11.64% of share capital), down from 3,06,54,855 shares (11.76%) previously. The promoter himself holds 3,47,50,677 shares (13.33% of total share capital).
Pledge invocation typically signals financial stress on the promoter, as the lender has taken control of the pledged shares due to a loan default or risk event. This is a negative signal for shareholders, though the impact here is small in scale (only 0.12% of capital), so the immediate price impact may be limited. Investors should watch for any further encumbrance disclosures or changes in promoter shareholding.