The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 15, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has filed a revised disclosure under SEBI SAST Regulations regarding two new pledges on his shares in Wardwizard Innovations & Mobility Ltd. On September 3, 2025, 49 lakh equity shares were pledged to JJ Fincap Private Limited, and on September 9, 2025, 50 lakh equity shares were pledged to Yoginkumar Ashokbhai Patel, both as collateral for loan-against-securities facilities. The revised filing corrects mismatches in earlier disclosures dated September 5 and September 11, 2025. Post these pledges, the promoter's total encumbered shares stand at 3.81 crore, equal to 14.62% of the company's total share capital, up from 10.83% previously. The promoter directly holds 4.86 crore shares (18.63%) in the company, with promoter group entities holding additional shares.
The increase in pledged shares signals greater leveraging by the promoter for personal borrowings, which can be a concern for minority shareholders if the stock price falls and triggers margin calls or pledge invocations. Shareholders should keep an eye on further encumbrance increases or any signs of financial stress on the promoter.