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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Promoter Yatin Sanjay Gupte has created a pledge over 10,00,000 equity shares (0.38% of total capital) of Wardwizard Innovations & Mobility Ltd in favour of M/S Comfort Fincap Limited on 16 October 2025, disclosed to BSE on 18 October 2025. The pledge was created to secure a financial assistance or credit facility between the parties. The promoter's direct shareholding remains unchanged at 4,85,66,153 shares (18.63%), while the total encumbered (pledged) shares of the company now stand at 4,28,21,729 shares or 16.43% of total share capital, up from 16.04% earlier. With this pledge, approximately 88% of the promoter's individual shareholding is now encumbered, indicating a high concentration of pledged shares.
This is not a stake sale but an additional pledge, so the promoter's ownership stays the same. However, with nearly 88% of the promoter's shares already pledged, any financial stress could trigger a pledge invocation, potentially leading to forced selling and pressure on the share price. Retail investors should monitor the company's financial health and any further pledge-related disclosures.