The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 02, 2025 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has filed a revised disclosure about pledging additional shares of Wardwizard Innovations & Mobility due to margin call shortfalls with multiple lenders. The revision corrects a typographical error in the earlier filing dated April 1, 2025, where the pledge creation date for 32,32,700 shares was wrongly shown as March 27 instead of March 28, 2025. A total of 87,83,700 promoter shares (about 3.37% of total share capital) were pledged across six transactions with Blacksoil Capital, Radhamani India, Knab Finance Advisors, and Luharuka Media & Infra. After this pledge, the promoter's encumbered shares rose to 3,44,03,004 (13.20% of total share capital) from the earlier 2,56,19,304 (9.83%).
The creation of fresh pledges triggered by margin call shortfalls signals potential financial stress on the promoter and increases the risk of forced sale if the share price declines further. Shareholders should monitor the stock for any margin call-related disclosures or sharp price moves, as higher pledged shares raise vulnerability to forced liquidation.