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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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has disclosed the creation of pledges on a total of 1,93,54,839 equity shares (about 7.42% of the company's share capital) of Wardwizard Innovations & Mobility Ltd in favour of Gangabase Barter Private Limited. The pledges were done in two tranches — 1,58,08,210 shares on 20th June 2025 and 35,46,629 shares on 25th June 2025 — both to secure financial assistance under a credit facility agreement. The promoter group (including PAC Wardwizard Solutions India Pvt Ltd) holds 6,80,85,615 shares in total, representing 26.12% of the company, and this pledge encumbers roughly 28% of their holding. There were no previously encumbered shares reported before these transactions.
Pledging promoter shares is not a sale or change in ownership, but it raises the risk for retail investors — if the promoter defaults on the loan, these shares could be invoked by the lender, potentially putting downward pressure on the stock. Promoter holdings remain unchanged at 26.12% (already well below the 50% mark), so this is a financing move rather than a change in promoter control.