The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 09, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte of Wardwizard Innovations & Mobility Ltd has disclosed the creation of a pledge on 17,83,340 equity shares held in the company, pledged to Bikewin Trading Private Limited as additional collateral for a loan. The pledge was created in two tranches — 10,85,890 shares on April 7, 2025 and 6,97,450 shares on April 8, 2025. The reason given is shortfall in margin call, meaning the lender asked for more shares as security against the existing loan. Post this event, almost the promoter's entire shareholding (about 89% pre-event, now even higher) is encumbered, leaving very limited unpledged stake.
Fresh pledge creation due to a margin shortfall is a negative signal — it suggests the promoter is under financial stress and at higher risk of forced invocation or sale of shares, which can weigh on the stock. Investors should watch for any further disclosures of pledge invocation or release.