The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 10, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has disclosed creation of pledge on an additional 17,83,340 equity shares of Wardwizard Innovations & Mobility with Bikewin Trading Private Limited on April 7 and 8, 2025. The pledge was triggered by a shortfall in margin call on an existing loan taken from the lender. Promoter Yatin Sanjay Gupte holds 32,42,438 shares (30.22% of total share capital), with encumbered holdings now at 13.88% of total share capital post-event, up from 13.20% before the new pledges.
Continued pledging driven by a margin call shortfall points to financial stress on the promoter. This raises the risk of forced sale of pledged shares if prices fall further, posing potential downside risk for retail shareholders.