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.
Promoter Yatin Sanjay Gupte disclosed the acquisition of 80,00,000 equity shares (3.07% of capital) of Wardwizard Innovations & Mobility Ltd through an off-market transaction on 20th May 2025. His individual holding rose from 24.99% to 28.06%, and combined with PAC Wardwizard Solutions India Pvt Ltd, the promoter group holding increased from 26.23% to 29.30%, sitting just below the 30% open-offer trigger threshold. The promoter explained that these shares were originally pledged/transferred to Tick'N'Trade Investments Pvt Ltd as collateral for a Rs 25 crore loan, but the lender failed to disburse funds despite taking the shares. The promoter has now cancelled the financing agreement and is recovering shares. Only 80 lakh of the 3 crore shares originally transferred appear to have been returned so far.
Mixed signal for shareholders — promoter is consolidating stake and rebuilding confidence, but the episode raises governance concerns over a failed financing arrangement where shares were handed over without the loan being paid. With promoter group holding at 29.30%, any further acquisition could trigger an open-offer obligation under takeover regulations.