The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 15, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has disclosed the release of a pledge on 3,75,00,000 (3.75 crore) equity shares of Wardwizard Innovations & Mobility Limited, representing 14.39% of the company's total share capital. The shares were previously pledged as collateral with Shri Parasram Business Holdings India Private Limited against a loan facility. The release follows the mutually agreed termination of the Loan Agreement dated 6th May 2025, with the encumbrance event dated 13th May 2025. Post-release, the promoter's encumbered holdings stand reduced from 7,36,86,344 shares (28.27%) to 3,61,86,344 shares (13.88%). The promoter's overall stake remains unchanged at 30.22% of the company.
Removing the pledge reduces the risk of forced share sale in the event of a loan default, which is a positive signal for share price stability. It also indicates improved financial flexibility for the promoter, though the company still carries a notable encumbered position at nearly 14% of share capital.