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 1,93,54,839 equity shares (6.43% of total share capital) pledged with Gangabase Barter Private Limited invoked on 15th December 2025 due to a shortfall in required margin. As a result, his direct shareholding dropped sharply from 16.14% (4.85 crore shares) to 9.71% (2.92 crore shares). The encumbered share balance fell from 14.28% to 7.84%. Including the PAC entity Wardwizard Solutions India Private Limited, total holding reduced from 17.11% to 10.67% of the company's voting capital. The invocation was carried out by the lender, not an open-market sale, but it transfers voting rights on these shares away from the promoter.
Negative for the stock — pledge invocation signals financial stress on the promoter and removes 6.43% of voting shares from promoter control, raising concerns about further pledge-related selling pressure and weakening promoter confidence in the company.