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 has disclosed the creation of a pledge on 87,83,700 equity shares (3.37% of total share capital) of Wardwizard Innovations & Mobility Ltd under SEBI SAST Regulation 29(2). The shares were pledged across six transactions on March 27 and March 28, 2025, with multiple lenders including Blacksoil Capital, Radhamani India, Knab Finance Advisors, and Luharuka Media & Infra. The reason cited is a shortfall in margin call on existing loan collateral. Post-pledge, the promoter's effective shareholding remains unchanged at 31.47% (30.22% held directly by Yatin Gupte and 1.24% by PAC Wardwizard Solutions India Pvt Ltd). No shares were actually bought or sold — only an encumbrance was created on existing holdings.
Pledge creation due to margin call shortfall is a negative signal for shareholders as it indicates the promoter is under financial stress or that the stock price has fallen enough to trigger margin requirements. This increases the risk of forced sale if the promoter cannot meet margin obligations, potentially putting downward pressure on the stock price.