The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 30, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has created a fresh pledge on 40,00,000 equity shares (about 1.24% of total share capital) of Wardwizard Innovations & Mobility Ltd on 23rd December 2025. The pledge is split equally — 20 lakh shares in favour of Comfort Fincap Limited and 20 lakh shares in favour of Radhasoami Resources Limited — both as collateral to secure financial assistance under credit facility agreements. After this pledge, the promoter's encumbered shares have risen from 2,35,91,890 shares (7.84%) to 2,75,91,890 shares (9.17%), while his total holding remains unchanged at 2,92,11,314 shares (9.72%). The reason cited is to obtain funding by pledging promoter shares as security.
The pledgor has now encumbered nearly 94% of his personal shareholding, a high pledge ratio that signals increased financial leverage and could worry investors if share prices fall. However, no shares have been sold and the promoter's economic interest in the company remains the same — only the encumbrance has gone up. This is a routine SAST disclosure but the rising pledge level is worth tracking.