The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 05, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has pledged an additional 16,00,000 equity shares of Wardwizard Innovations & Mobility Ltd to Bikewin Trading Private Limited on June 2, 2025, to meet a shortfall in a margin call under existing loan terms. Gupte holds 6,48,43,177 shares (24.87% of share capital), and after this pledge, his total encumbered shares stand at 4,39,86,344 (16.87% of share capital), up from 16.26% earlier. The promoter group entities (Wardwizard Solutions, Garuda Mart India, Aevas Business Solutions) collectively hold significant stakes, but only Gupte reported any change in encumbrance. This disclosure is filed under SEBI SAST Regulations to comply with reporting requirements on encumbrance of promoter shares.
Additional pledging of promoter shares to cover a margin shortfall signals existing financial stress or leverage pressure on the promoter; while not a direct threat to shareholding, it raises concerns about liquidity risk and potential forced invocation if the stock underperforms further.