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.
Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility, has created a fresh pledge over 12,00,000 equity shares (about 0.46% of total share capital) in favour of Radhamani India Limited. The pledge was executed on 29th May 2025 specifically to address a shortfall in a margin call under an existing financing arrangement. Yatin's direct holding stays at 6,49,43,177 shares (24.91%) and PAC Wardwizard Solutions India Pvt Ltd holds 32,42,438 shares (1.24%), so the promoter group's combined stake is unchanged at 26.16%. This is the first disclosed encumbrance on Yatin's holding, meaning no shares were previously pledged.
Pledging shares to meet a margin call is a mild negative signal, hinting at liquidity or financial stress on the promoter. However, only about 1.85% of Yatin's personal holding is pledged, so the immediate impact on shareholder confidence or stock price is likely limited but worth monitoring.