The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has disclosed that 2,03,12,500 equity shares (about 7.79% of the company) held by him were invoked by the lender Radhamani India Limited on 4th July 2025. The invocation was made under a Loan Against Securities (Shares) facility, likely due to the promoter's inability to meet financial obligations. As a result, the promoter's voting stake in the company fell sharply from 22.23% to 13.33%, while encumbered shares dropped from 5.19 crore to 3.17 crore. The invocation of such a large block of shares is a significant negative signal, suggesting financial stress on the promoter and raising the risk of a forced sale by the lender in the open market.
This is a negative development for shareholders. The pledge invocation signals financial distress at the promoter level and could lead to a forced sale of the invoked shares by the lender, creating potential selling pressure on the stock. It also weakens the promoter's control and may dampen investor confidence.