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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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge on 1,58,08,210 equity shares (about 6.06% of total share capital) in favour of Gangabase Barter Private Limited on 20th June 2025. The pledge is to secure financial assistance under a credit facility agreement. The promoter's underlying shareholding stays unchanged at 6,48,43,177 shares (24.87%), and together with PAC Wardwizard Solutions India Private Limited (1.24%), the promoter group holds 26.12% of the company. Total equity capital stands at 26,06,93,900 shares of Re. 1 each.
The promoter is pledging shares as collateral for a loan, which is a routine financing move but carries risk: if the loan defaults, the pledgee could invoke the shares and take ownership, potentially changing the shareholding structure. No change in the promoter's voting rights or effective ownership for now.