The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 29, 2025 for Yatin Sanjay Gupte
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Yatin Sanjay Gupte, promoter of Wardwizard Innovations & Mobility Ltd, has had a pledge on 3,00,000 equity shares (0.12% of share capital) invoked by KNAB Finance Advisors Private Limited on July 24, 2025. The invocation was carried out to recover dues under a Loan Against Securities facility, as the promoter failed to meet agreed financial obligations. After this event, Gupte's total holding stays at 3,47,50,677 shares (13.33%), while his remaining pledged (encumbered) shares stand at 3,03,54,855 (11.64%), down from 3,06,54,855 earlier. The disclosure was filed with BSE on July 29, 2025 under Regulation 31(1) and 31(3) of SEBI's Takeover Regulations.
Pledge invocation is a negative signal — it indicates the promoter could not service a loan against shares, pointing to financial stress at the promoter level. While total shareholding hasn't changed, this can weigh on investor sentiment and the stock price in the short term.