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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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte disclosed two simultaneous pledge actions on Wardwizard shares. On 11 August 2025, 21,36,402 shares (0.82% of equity) pledged with Bikewin Trading Private Limited were released after the promoter cleared all outstanding loan dues. On 11 and 12 August 2025, a combined 6,10,926 shares (0.24%) held with Knab Finance Advisors Private Limited were invoked by the lender due to a shortfall in required margin. As a result, the promoter's unencumbered voting holding rose from 13.21% to 13.80%, while total encumbered shares declined from 11.64% to 10.59% of the company's equity capital.
Net positive for shareholders as overall pledge burden on promoter shares has reduced, but the invocation on the Knab facility highlights some margin pressure or liquidity stress for the promoter. Investors should watch for further pledge movements or any signs of forced selling.