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 of Wardwizard Innovations & Mobility Ltd had 20,00,000 equity shares (0.66% of total capital) pledged with JM Financial Services Limited invoked on January 9, 2026, due to a shortfall in required margin. Post-invocation, Gupte's direct holding fell from 9.71% (2.92 crore shares) to 9.05% (2.72 crore shares), while his encumbered (pledged) shares dropped from 9.17% to 8.51% of the company. The combined promoter and PAC (Wardwizard Solutions India Pvt Ltd) holding declined from 10.67% to 10.01%.
Pledge invocation signals financial stress on the promoter and is generally negative for the stock — the lender may offload the invoked shares in the open market, creating potential supply-side pressure on the share price. Investors should watch for any further encumbrance changes or disclosures.