The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & PACs
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Awaiting price reaction for this filing.
Blacksoil Capital Private Limited has invoked the pledge on shares of Wardwizard Innovations & Mobility Ltd held by promoter Yatin Sanjay Gupte and PAC Wardwizard Solutions India Private Limited on 20th February 2026. A total of 37,64,816 shares (about 1.25% of total share capital) were invoked — 34,91,890 shares (1.16%) from Yatin Sanjay Gupte and 2,72,926 shares (0.09%) from Wardwizard Solutions. As a result, Yatin Gupte's stake fell from 9.05% to 7.88%, and the PAC's stake dropped from 0.96% to 0.87%. The invocation was done under the Loan Against Securities facility to recover outstanding dues. Combined promoter group holding now stands at about 8.75% of the company.
This is a negative signal — the lender had to enforce the pledge, indicating the promoter may have defaulted on loan obligations. It reduces promoter skin in the game and could lead to further selling pressure on the stock as the lender may offload the invoked shares.