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, along with PAC Wardwizard Solutions India Pvt Ltd, filed a disclosure under SEBI SAST Regulation 29(2) reporting a fall in their combined equity shareholding from 19.74% to 17.11% — a drop of 2.63 percentage points. Importantly, no shares were actually bought or sold; the number of shares held remains unchanged at 5,14,58,591. The decrease in percentage is entirely due to the company allotting new fully-paid equity shares to public shareholders under a recent Rights Issue on 13th November 2025, which expanded the total share capital from Rs. 26.07 crore (26.07 crore shares) to Rs. 30.08 crore (30.08 crore shares). Encumbered (pledged) shares stayed the same at 4,19,46,729, though their percentage of the larger share base fell from 16.09% to 13.94%.
This is a routine passive dilution event and not a sign of promoter selling or weakening confidence. The promoter's actual shareholding is unchanged, and the combined holding at 17.11% is well below the 50% control threshold, so there is no change-of-control implication. The fresh capital raised via the rights issue could support the company's growth plans, which is broadly positive for existing shareholders.