The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 04, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 37,00,000 equity shares (about 1.42% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of M/s Comfort Fincap Limited on 29 September 2025. The pledge was executed under a Pledge Agreement dated 9 September 2025 to secure financial assistance availed by the borrower. After this pledge, the promoter's total encumbered shares stand at 4,18,21,729 shares, representing 16.04% of the company's share capital, up from 14.62% earlier. There is no change in the promoter's overall shareholding; only the encumbered portion has increased. The promoter group includes entities like Wardwizard Solutions, Garuda Mart India, and Aevas Business Solutions, whose existing pledged holdings are also disclosed.
This is a routine disclosure of pledge creation by the promoter to raise or secure a loan — it does not change the promoter's ownership or indicate a sale. However, a larger portion of promoter shares being pledged (16.04%) means higher collateral risk for the lender and is something shareholders should monitor, especially if share prices fall and trigger margin calls.