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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Awaiting price reaction for this filing.
Wardwizard Innovations & Mobility Ltd filed disclosures under SEBI SAST Regulation 29(2) covering three encumbrance events by promoters Yatin Sanjay Gupte and Wardwizard Solutions India Pvt Ltd. Radhamani India Limited invoked a pledge on 2,03,12,500 shares (7.79% of company) held by promoter Yatin Gupte on 4 July 2025 due to a loan-against-securities default. Separately, Shriram Finance released 10,10,488 shares (0.39%) pledged by Yatin Gupte and 8,19,512 shares (0.31%) pledged by Wardwizard Solutions India on 8 July 2025, after full loan repayment. As a result, promoter Yatin Gupte's effective shareholding fell sharply from 21.12% to 13.33%, while remaining encumbered shares still stand at about 88% of his total holding.
This is a negative signal for shareholders — a lender invoking pledge on nearly 8% of the company's equity signals financial stress at the promoter level and a forced transfer of ownership. The sharp drop in promoter stake and the still-high proportion of pledged shares (above 80% of promoter holding) may weigh on sentiment and stock price in the near term.