The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte created a pledge over 50,00,000 equity shares (1.92% of total share capital) of Wardwizard Innovations & Mobility Ltd on September 9, 2025, in favour of Yoginkumar Ashokbhai Patel. This took his total encumbered (pledged) shares from 33,201,729 (12.74%) to 38,201,729 (14.65%) of the company's share capital. The promoter individually holds 48,566,153 shares (18.63%), meaning roughly 78.66% of his personal holdings are now pledged. The disclosure was filed under SEBI's SAST Regulation 29(2) regarding creation of encumbrance on promoter shares.
A high pledge ratio on promoter holdings is typically viewed as a negative signal by retail investors, as it may indicate financial stress or a leveraged position; this could weigh on short-term sentiment and increase the risk perception around the stock.