The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 27, 2026 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge on 10,00,000 equity shares (0.33% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of Comfort Fincap Limited (pledgor DP: Comfort Securities Limited) on 25th March 2026. The pledge was created to secure a shortfall in margin call arising from a financing/credit facility agreement. Post this transaction, Mr. Gupte's encumbered shares have risen from 7.35% to 7.68% of total share capital, while his overall promoter holding remains 7.88%. The disclosure was filed under Regulation 31(1) and 31(3) of SEBI's SAST Regulations, 2011.
The pledge creation to cover a margin call shortfall suggests the promoter may be facing some financial pressure. With over 7.68% of share capital now encumbered, there is an elevated risk of forced share sale if margin obligations are not met, which could pressure the stock price. Retail investors should watch for any future pledge invocation or release announcements from this promoter.