The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 01, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has disclosed a pledge revocation of 12,42,200 equity shares (about 0.48% of total share capital) held by him in Wardwizard Innovations & Mobility Ltd. The pledge was held by Knab Finance Advisors Private Limited and was revoked on 28 August 2025 after the promoter fully repaid the underlying loan and closed the credit facility. After this release, the promoter's encumbered shares stand reduced from 2,95,43,929 (11.33%) to 2,83,01,729 (10.86%), while his overall holding in the company remains unchanged at 4,85,66,153 shares (18.63%). This is a routine regulatory disclosure under SEBI Takeover Regulations and reflects debt reduction rather than any change in ownership.
This is a positive, neutral-to-slightly-bullish signal — the promoter has cleared a loan obligation, freeing up pledged shares and reducing financial stress on the promoter group. For shareholders, it means no change in promoter ownership, but lower pledged exposure generally reduces forced-selling risk on the stock.