The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wardwizard Solutions India Pvt Ltd
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Wardwizard Solutions India Pvt Ltd (a promoter group entity) along with PAC Yatin Sanjay Gupte have filed a SAST disclosure reporting a decline in their combined shareholding from 19.74% to 17.11% in Wardwizard Innovations & Mobility Ltd. No shares were actively bought or sold; the reduction is purely a passive dilution caused by the allotment of about 4.01 crore new equity shares (Rs. 1 face value) to public shareholders under the company's recent Rights Issue on 13th November 2025. Total equity capital rose from Rs. 26.07 crore to Rs. 30.08 crore, but the promoter group did not subscribe to their full entitlement, resulting in dilution. Encumbered shares remain a negligible 0.12% of capital.
This is not a promoter exit or stake sale - the number of shares held is unchanged. The percentage drop simply reflects dilution from the rights issue, meaning the promoter group did not fully participate in the fundraising. Existing shareholders should note that promoter holding has now slipped further below 20%, which may be a point of concern regarding promoter commitment to future capital raises.