The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 12, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 50,00,000 (50 lakh) equity shares of Wardwizard Innovations & Mobility Ltd in favour of Yoginkumar Ashokbhai Patel on 09th September 2025. This pledge serves as collateral for financial assistance availed by the pledgor. After this pledge, Yatin Gupte's total encumbered shares rise to 3,82,01,729 (14.65% of share capital) from 3,32,01,729 (12.74%) earlier. The promoter's overall shareholding remains unchanged at 4,85,66,153 shares (18.63% of the company), as pledging does not alter ownership. The pledgee is an individual (Yoginkumar Patel) rather than a bank or institutional lender, which is notable.
This increases the already encumbered portion of the promoter's stake, which investors typically view negatively as it signals the promoter may need additional liquidity and raises the risk of forced selling if share prices fall or loan terms are breached. No change in actual promoter ownership, so no impact on control.