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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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has filed a revised disclosure under SEBI SAST Regulations for two earlier pledge creations on his shares in Wardwizard Innovations & Mobility Ltd. The revisions correct mismatched figures in prior filings dated 5 Sep and 11 Sep 2025. The first pledge was 49 lakh shares created on 3 Sep 2025 with JJ Fincap Private Limited, and the second was 50 lakh shares created on 9 Sep 2025 with Yoginkumar Ashokbhai Patel, both to secure loans against securities. After both transactions, Gupte's encumbered (pledged) shares stand at 3.81 crore shares, equal to 14.62% of the company's total share capital. This represents roughly 78% of his personal promoter holding of 4.86 crore shares (18.63%). No change in his actual ownership; only the encumbered portion has increased.
This is a correction of prior filings, so the pledging was already disclosed. However, with nearly 78% of the promoter's shares now pledged, investors should be watchful of leverage and forced-sale risk if the stock declines sharply, as lenders could invoke the pledge.