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, along with PAC Wardwizard Solutions India Pvt Ltd, has created a pledge over 50,00,000 equity shares (1.92% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of Yoginkumar Ashokbhai Patel on 9 September 2025. This takes the total encumbered shares from 33,201,729 (12.74%) to 38,201,729 (14.65%) of the company's capital. The promoter group's voting rights remain unchanged at 19.74% of the company (51,458,591 shares), while Yatin Gupte individually holds 48,566,153 shares (18.63%). The pledge was disclosed via Annexure 2 under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
Although no shares have been sold and promoter ownership remains intact, roughly 78.6% of Yatin Gupte's personal shareholding is now pledged, signalling high leverage and raising concerns among shareholders. If the promoter defaults, the pledgee could take ownership of a sizeable stake, which is typically viewed negatively by the market.