The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 14, 2025 for Wardwizard Solutions ....
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Awaiting price reaction for this filing.
Wardwizard Solutions India Private Limited, a promoter of Wardwizard Innovations & Mobility Ltd, has released a pledge on 15,00,000 (15 lakh) equity shares, representing about 0.58% of the company's share capital. The pledge was held by Luharuka Media and Infra Ltd and has been revoked because the promoter fully repaid the loan tied to the financing facility. After this release, the promoter's encumbered shares have come down from 20,72,926 (0.80%) to 5,72,926 (0.22%). The company's filing clearly states that the total promoter shareholding remains unchanged — only the encumbered portion has reduced. The transaction was executed on October 6, 2025 and disclosed to BSE on October 14, 2025.
This is a positive signal for shareholders as it reduces the pledged portion of promoter holdings and shows the promoter has cleared its debt obligation. With only 0.22% of shares still encumbered out of the total, the risk of forced selling or invocation has dropped significantly, which is generally viewed favorably by the market.