The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 11, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has pledged 50,00,000 (50 lakhs) equity shares of Wardwizard Innovations & Mobility Ltd, equal to 1.92% of the company's total share capital. The pledge was created on September 9, 2025, in favour of Yoginkumar Ashokbhai Patel as security for a financial assistance or loan. After this pledge, the promoter's total encumbered shares have risen to 3,82,01,729 shares (14.65% of share capital), up from 3,32,01,729 shares (12.74%) earlier. The promoter individually holds 4,85,66,153 shares, which is 18.63% of the company. There is no change in the promoter's overall shareholding—only the encumbered (pledged) portion has increased.
The promoter has likely raised a loan using shares as collateral, which raises the financial risk on these shares if the stock price falls sharply. Ownership of the company by the promoter has not changed, but a larger slice of his holdings is now locked in as pledged security.