The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 22, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte of Wardwizard Innovations & Mobility Ltd had 1,93,54,839 equity shares (approximately 6.43% of total share capital) pledged with Gangabase Barter Private Limited invoked on December 15, 2025, due to a shortfall in margin requirements. As a result, the promoter's effective holding dropped from 4,85,66,153 shares (16.14%) to 2,92,11,314 shares (approximately 9.70%) of the company. The percentage of promoter shares that remain pledged fell from 13.097% to 7.8425% of total share capital. The disclosure was filed with BSE on December 22, 2025 under SEBI's SAST Regulations, 2011.
Pledge invocation signals margin stress on the promoter and may lead to further selling pressure or stake reduction, which is generally viewed negatively by retail investors. The promoter's effective skin-in-the-game has materially declined from 16.14% to under 10%, weakening promoter confidence in the company.