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's pledge of 3,00,000 equity shares (0.12% of total share capital) in Wardwizard Innovations & Mobility Ltd was invoked by KNAB Finance Advisors Private Limited on 24th July 2025, due to default on a Loan Against Securities facility. As a result, the promoter's direct shareholding declined from 3,47,50,677 shares (13.33%) to 3,44,50,677 shares (13.21%). The total encumbered shares of the promoter dropped marginally from 11.76% to 11.64% of the company's capital. The invoked shares will now be held/transferred by the lender KNAB Finance Advisors.
This is a negative signal indicating financial stress on the promoter, as pledge invocation typically happens after a loan default. While the impact on total promoter holding is small (0.12% reduction), it may raise concerns about the promoter's financial health and could put mild downward pressure on the stock in the short term. The pledged shares being acquired by the lender also introduces uncertainty about potential further selling pressure if KNAB Finance decides to offload them.