The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 23, 2025 for Yatin Sanjay Gupte
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has disclosed the creation of a pledge over 1,58,08,210 equity shares (about 6.06% of total share capital) of Wardwizard Innovations & Mobility Ltd in favor of Gangabase Barter Private Limited on June 20, 2025. The pledge was created to secure financial assistance availed by the promoter under a financing/credit facility agreement. Before this event, the promoter held 6,48,43,177 shares (24.87% of the company), of which 4,52,86,344 shares (17.37%) were already encumbered. After this new pledge, total encumbered shares held by the promoter stand at 6,10,94,554 shares, or 23.44% of the company's total share capital.
With nearly the entire promoter's stake (23.44% out of 24.87%) now pledged, investors may view this as a sign of liquidity pressure or leverage at the promoter level. Sharp share price declines could trigger margin calls, increasing the risk of forced sale. Retail investors should monitor for any further pledging, invocation, or release disclosures.