The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 03, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 16,00,000 equity shares (0.61% of total share capital) of Wardwizard Innovations & Mobility Ltd in favor of Bikewin Trading Private Limited on June 2, 2025. The pledge was created to address a shortfall in a margin call on an existing loan facility. After this transaction, the promoter's total encumbered shares stand at 4,39,86,344 (16.87% of share capital), while his overall holding in the company remains unchanged at 6,48,43,177 shares (24.87%). The promoter had initially pledged 60 lakh shares as collateral for the loan, and this additional 16 lakh shares were pledged to meet the margin shortfall.
Rising pledged shares by the promoter signal potential financial stress and increase the risk of invocation if the margin situation worsens, which could lead to forced selling and put pressure on the stock price. Retail investors should watch for further disclosures on margin calls or loan repayments.