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 under SEBI SAST Regulations regarding the creation of a pledge on 16,30,435 equity shares (0.63% of total share capital) of Wardwizard Innovations & Mobility Ltd. The pledge was created in favor of Blacksoil Capital Private Limited due to a shortfall in the margin call against an existing loan facility. This revised disclosure corrects a typographical error in the earlier March 27, 2025 filing, where the lender's name was mistakenly written as 'Radhamani India Limited' instead of 'Blacksoil Capital Private Limited'. After this pledge, the promoter's total encumbered shares stand at 2,56,19,304 shares, representing 9.83% of the company's share capital.
The pledge creation due to a margin call shortfall is a mildly negative signal, indicating the promoter faced liquidity pressure and had to pledge additional shares. However, the total encumbrance remains well below 50%, and the filing is primarily a correction of a previous typo rather than a new material development. Shareholders should monitor for any further pledge creations or potential invocation risks.