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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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has disclosed the revocation of a pledge over 10,10,488 equity shares (about 0.39% of the company's equity) held by Shriram Finance Limited. The revocation happened on 8 July 2025 after the promoter fully repaid the loan taken against these shares and closed the credit facility. Before the revocation, encumbered (pledged) promoter shares stood at 5,19,77,843 (19.94%); after revocation, they come down to 5,09,67,355 (19.55%). The promoter's actual voting shareholding remains unchanged at 21.12%.
This is a positive signal for shareholders — the promoter has cleared a loan-backed pledge, reducing encumbered holdings and easing leverage risk on the promoter group. No change in actual shareholding or voting power.