The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 31, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge on 12,00,000 equity shares (about 0.46% of total share capital) of Wardwizard Innovations & Mobility Ltd on May 31, 2025. The shares were pledged in favour of Radhamani India Limited to address a shortfall in margin call, as per terms agreed between the parties. After this pledge, the total encumbered shares held by the promoter stand at 32,42,438 shares (1.24% of share capital), up from 28,92,438 shares (1.11%) earlier. The promoter's overall holding remains at 4,11,86,344 shares or 24.91% of the company, which is below the 50% threshold.
Pledge creation by a promoter to meet a margin call shortfall can be viewed negatively by the market, as it may signal financial stress or liquidity pressure at the promoter level. If the promoter's financial position worsens, there is a risk of pledge invocation, which could lead to forced selling of shares and put downward pressure on the stock price.