The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & Others
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte disclosed a series of share transactions in Wardwizard Innovations & Mobility between 14th and 27th May 2025. The largest was an off-market sale of 3 crore shares (11.51% stake) on 14th May to Tick'N'Trade Investments as collateral for a Rs. 25 crore loan that was never disbursed, prompting the promoter to cancel the deal and buy back 1.70 crore shares on 19th May and 80 lakh shares on 20th May off-market. The promoter also sold 64.50 lakh shares cumulatively in smaller on-market tranches between 20th and 27th May, and created a pledge of 50 lakh shares (1.92%) on 21st May in favour of Mr. Yoginkumar Patel. After all these transactions, the promoter's individual stake fell from 30.22% to 25.83% of the company.
Net effect is a meaningful reduction in the promoter's direct equity stake by roughly 4.4 percentage points, alongside an outstanding pledge on 50 lakh shares, which could concern investors about the promoter's financial position and potential future supply. However, the off-market transactions were largely linked to a failed and since-cancelled financing arrangement, so the actual change in beneficial ownership may be smaller than the gross figures suggest.