The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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Promoter Yatin Sanjay Gupte has created a pledge on 49,00,000 equity shares (about 1.88% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of JJ Fincap Private Limited on 3rd September 2025, to secure a financing or credit facility. His shareholding remains unchanged at 4,85,66,153 shares (18.63%), but his encumbered (pledged) shares have risen from 2,83,01,729 (10.86%) to 3,32,01,729 (12.74%) of the company. The filing under Regulation 29(2) of SEBI Takeover Regulations is purely a disclosure of pledge creation, not a buy or sell of shares.
This is a routine pledge-creation disclosure and does not change the promoter's ownership. However, a larger portion of his stake is now encumbered, which investors should monitor for any future pledge invocation that could lead to forced selling or dilution concerns.