The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 05, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 49,00,000 equity shares (1.88% of share capital) of Wardwizard Innovations & Mobility Ltd in favour of JJ Fincap Private Limited as collateral for a financial assistance/credit facility. After this pledge, his total encumbered shares rise to 3,32,01,729 (12.74% of share capital), up from 2,83,01,729 (10.86%) earlier. His overall holding in the company remains unchanged at 4,85,66,153 shares (18.63%). The transaction was executed on September 3, 2025, and disclosed to the stock exchange on September 5, 2025 under SEBI SAST Regulations 31(1) and 31(3).
A new pledge suggests the promoter is raising funds against his holdings, which can indicate leveraging or liquidity needs. With over 12.74% of his shares now encumbered, any future invocation or margin call could become a risk factor for the stock and promoter control.