The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 10, 2025 for Wardwizard Solutions India Pvt Ltd
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Wardwizard Innovations & Mobility Ltd has disclosed a pledge revocation on 18,30,000 equity shares (about 0.70% of share capital) held by promoters, executed on 8th July 2025. The pledge was held by Shriram Finance Limited as security for a Loan Against Securities facility, and it has now been released because the promoter fully repaid the loan. Specifically, 10,10,488 shares were released from promoter Yatin Sanjay Gupte's holding (reducing his encumbered shares from 19.94% to 0.39% of capital), and 8,19,512 shares were released from promoter group entity Wardwizard Solutions India Pvt Ltd (reducing encumbered shares from 1.11% to 0.80% of capital). Importantly, there is no change in the promoters' total shareholding — only the encumbered (pledged) portion has decreased.
This is a positive signal — the promoter has cleared the loan obligation, reducing the encumbrance risk on shares and indicating improved financial flexibility. Lower pledged shares generally reduce forced-sale risk and are viewed favourably by the market.