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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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge over 37 lakh (37,00,000) equity shares in favour of M/s Comfort Fincap Limited to secure a financial/credit facility. The pledged shares represent 1.42% of the company's total share capital. After this pledge, the promoter's total encumbered shares stand at 4,18,21,729 shares (16.04% of capital), up from 3,81,21,729 shares (14.62%) earlier. The promoter (along with PAC Wardwizard Solutions India Pvt Ltd) continues to hold 19.74% of the company, with 18.63% held individually. Total equity share capital is Rs 26.07 crore divided into 26.07 crore shares of Re 1 each.
Shareholders should note that a larger portion of the promoter's stake is now pledged, indicating leveraged financial commitments. While the promoter's ownership remains the same, the increased pledge could raise concerns about financial health if the company or promoter faces liquidity stress. The promoter's overall holding is well below the 50% threshold, meaning any future acquisition could trigger open offer obligations under takeover rules.