The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & PACs
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Promoter Yatin Sanjay Gupte has disclosed the creation of a pledge on 3,75,00,000 equity shares (3.75 crore shares) of Wardwizard Innovations & Mobility, representing 14.38% of the company's total share capital. The pledge is in favor of Shri Parasram Holdings Private Limited as collateral/security for financial assistance availed from Tick N'Trade Investments Pvt Ltd, stated to be for operational and strategic business purposes. The pledged shares amount to roughly 47.6% of the promoter's individual holding of 30.22% (31.47% combined with PAC Wardwizard Solutions India Pvt Ltd). The filing also notes prior additional pledges of 350,000 shares to Luharuka Media & Infra Ltd and 300,000 shares to Radhamani India Ltd, made to meet margin call shortfalls on existing loans.
Encumbrance of 14.38% of the company's capital through this pledge is significant, though it stays just below the 50% threshold of the promoter's own holding. The disclosed margin call shortfalls on other promoter loans are a yellow flag for possible financial stress and should be monitored closely for further encumbrances or any forced invocation of pledged shares.