The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 29, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte of Wardwizard Innovations & Mobility has released a pledge on 30,00,000 (30 lakh) equity shares of the company. The shares were earlier pledged with Luharuka Media and Infra Ltd., and the release was executed on September 25, 2025 after the promoter fully repaid the loan and closed the credit facility. The promoter's total shareholding stays the same at 4.85 crore shares (18.63% of share capital), but the percentage of encumbered (pledged) shares dropped from 15.77% to 14.62%. The disclosure has been made under SEBI's SAST Regulations and was reported to BSE on September 29, 2025.
Positive for shareholders — the promoter has cleared a debt by releasing pledged shares, which reduces the risk of forced share sales in the market. Lower encumbrance generally improves investor confidence in promoter stability.