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.
Promoters Yatin Sanjay Gupte and Wardwizard Solutions India Pvt Ltd (acting as PAC) have released/revoked pledges on a total of 10,75,000 equity shares (0.42% of total capital) of Wardwizard Innovations & Mobility Ltd, executed on 30th October 2025 by pledgee Luharuka Media and Infra Ltd. Yatin Gupte had 8,75,000 shares (0.34%) released, reducing his encumbered shares from 16.43% to 16.09%, while Wardwizard Solutions had 2,00,000 shares (0.08%) released, dropping its encumbrance from 0.22% to 0.14%. The release was carried out because the promoters fully repaid their financial obligations and closed the underlying credit facility/loan.
Positive signal for shareholders — pledging has decreased, lowering the risk of forced selling or margin calls. Promoters' actual voting stake remains unchanged at ~19.74%, but the reduced encumbrance improves promoter financial health and may boost investor confidence.