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 filed a revised disclosure under SEBI SAST Regulations for the creation of a pledge on his Wardwizard shares due to a shortfall in margin calls. A total of about 87.84 lakh shares were pledged across six transactions between March 27 and March 28, 2025, to lenders including Blacksoil Capital, Radhamani India, Knab Finance Advisors, and Luharuka Media & Infra. After these pledges, his total encumbered shares rose to 3.44 crore, or 13.20% of the company's share capital. The promoter continues to hold 7.88 crore shares (30.22%) in the company. The revision only corrects a date error (March 27 to March 28 for two tranches) in the original April 1 filing.
Pledging more shares to cover margin call shortfalls signals potential financial stress for the promoter and is generally viewed negatively by retail investors, as it raises the risk of forced sale if the margin situation worsens.