The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 08, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge over 49,00,000 (49 lakh) equity shares of Wardwizard Innovations & Mobility Ltd in favour of JJ Fincap Private Limited on September 3, 2025. The pledge was executed to secure financial assistance availed by the promoter under a Financing/Credit Facility Agreement. After this transaction, the promoter's encumbered (pledged) shares rose to 3,32,01,729, representing 12.74% of the company's total share capital. Yatin Gupte's individual holding in the company stands at 4,85,66,153 shares (18.63%), meaning roughly 68% of his personal stake is now pledged.
Creation of a pledge on promoter shares is usually seen as a cautious signal since it indicates the promoter is raising funds by using their equity as collateral. With around 68% of this promoter's holding already pledged, investors should watch for any further pledges or risk of invocation, which could put downward pressure on the stock.