The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 14, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has created a pledge on 3,75,00,000 (3.75 crore) equity shares of Wardwizard Innovations & Mobility, equal to 14.38% of the company's total share capital. The pledged shares represent about 47.6% of the promoter's own personal holding of 7.87 crore shares (30.22% stake in the company). The pledge was created in favour of Shri Parasram Holdings Private Limited as collateral for a loan taken from Tick 'N' Trade Investments Pvt. Ltd. The loan agreement was signed on 6th May 2025 and the pledge came into effect on 8th May 2025. The promoter has stated the funds will be used for operational and strategic business needs.
With nearly half of the promoter's personal shareholding now pledged, there is some risk to watch. If the promoter is unable to repay the loan, the pledged shares could be invoked and sold in the market, which may put pressure on the stock price. Investors should keep an eye on any further pledging activity or invocation events.