The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 21, 2025 for Yatin Sanjay Gupte
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has pledged an additional 10,00,000 equity shares (about 0.33% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of Blacksoil Capital Private Limited on 19 November 2025. The filing explicitly states this pledge was created due to a shortfall in a margin call on an existing loan from Blacksoil Capital. After this creation, Yatin Gupte's total encumbered shares stand at 4,29,46,729 (14.28% of share capital), up from 13.94% earlier. Another promoter group entity, Wardwizard Solutions India Private Limited, also separately pledged 3,72,926 shares on the same day. The promoter's overall stake in the company remains unchanged at 16.14%.
A pledge created specifically because of a margin call shortfall is a red flag — it signals liquidity or financial stress on the promoter, who had to top up collateral by pledging more shares. If the share price falls further, more shares could be pledged or even invoked, increasing the risk of forced selling and dilution of promoter control.