The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 10, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has disclosed the revocation of a pledge on 18,30,000 equity shares of Wardwizard Innovations & Mobility Ltd, held against a Loan Against Securities facility from Shriram Finance Limited. Out of these, 10,10,488 shares (0.39% of share capital) belonged to Yatin Gupte personally and 8,19,512 shares (0.31%) to Wardwizard Solutions India Pvt Ltd, part of the promoter group. The revocation was executed on July 8, 2025, after the full repayment of the loan facility. After this release, Yatin Gupte's encumbered holdings stand at 5,09,67,355 shares (19.55% of capital) and Wardwizard Solutions' at 20,72,926 shares (0.80%). The promoter's overall shareholding remains unchanged—only the pledged portion has decreased.
This is a positive signal for shareholders, as it indicates the promoter has cleared a debt obligation by repaying the loan, freeing up shares from encumbrance. Reduced pledged holdings generally lower the risk of forced selling and improve promoter financial health, though Yatin Gupte still has a large portion (~19.55%) of his holding pledged.