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 30,00,000 equity shares (about 1.15% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of M/S. Comfort Fincap Limited on 11 September 2025. The pledge was taken to secure financial assistance under a credit facility agreement. After this transaction, the promoter's total encumbered shares have risen to 4,11,21,729 shares (15.77% of equity), up from 3,81,21,729 shares (14.62%) earlier. The promoter's overall shareholding remains unchanged at 4,85,66,153 shares, which is 18.63% of the company. This is a regulatory disclosure under SEBI takeover regulations.
The promoter's stake has not changed — this is a pledge creation, not a sale — but more of his shares are now pledged as collateral for a loan, which raises the risk of a forced sale if the loan is not repaid. Shareholders should monitor whether the pledged shares increase further or if the pledge is invoked.