The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 02, 2025 for Yatin Sanjay Gupte
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Wardwizard Innovations & Mobility Ltd has informed BSE about a pledge revocation involving promoter Yatin Sanjay Gupte. A total of 12,42,200 equity shares (0.48% of the total share capital) pledged with Knab Finance Advisors Private Limited have been released from encumbrance on August 28, 2025. The promoter has fully repaid the loan and closed the credit facility linked to this pledge. Yatin Sanjay Gupte's total holding remains unchanged at 4,85,66,153 shares (18.63%), while his encumbered shares have reduced from 2,95,43,929 (11.33%) to 2,83,01,729 (10.86%) post this transaction. The disclosure is made under SEBI (SAST) Regulations, 2011.
This is a positive development as it signals the promoter's improved financial position and successful loan closure, reducing the encumbrance risk on promoter-held shares. However, a sizeable portion (10.86%) of the promoter's shares remains pledged, which investors should continue to monitor closely.