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 on 40,00,000 equity shares (1.33% of total share capital) of Wardwizard Innovations & Mobility Ltd on 23rd December 2025. The pledge was split equally — 20 lakh shares were pledged with Comfort Fincap Limited and another 20 lakh shares with Radhasoami Resources Limited (JM Financial Services as lender), to secure financial assistance under a credit facility agreement. Following this pledge creation, the total encumbered shares held by the promoter have risen from 2,35,91,890 shares (7.84%) to 2,75,91,890 shares (9.17%). The promoter's overall holding remains unchanged at 3,21,03,752 shares (10.67%), including the PAC Wardwizard Solutions India Pvt Ltd.
Increased pledging of promoter shares raises the risk of forced invocation if the company faces financial stress or if the promoter fails to meet loan obligations. For retail investors, the rising encumbrance level (now nearly 9.17% of capital) is a point to monitor, though pledge creation alone is not immediately negative if used for genuine business funding.