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 Mr. Yatin Sanjay Gupte sold a total of 52,00,001 equity shares (about 1.99% of the company) in Wardwizard Innovations & Mobility Ltd through open market across two days: 21,00,001 shares on March 26, 2025 and 31,00,000 shares on March 27, 2025. His personal holding fell from 8.39 crore shares (32.22%) to 7.87 crore shares (30.22%). Including PAC Wardwizard Solutions India Pvt Ltd, the combined promoter group holding reduced from 33.46% to 31.47% of total equity capital. The total equity share capital of the company is Rs. 26.07 crore divided into 26.07 crore shares of Re. 1 each. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
Continued promoter selling can be viewed negatively by retail investors as it may signal reduced promoter confidence or liquidity needs. However, the promoter group still holds a significant 31.47% stake, so control of the company is not at risk. Watch for further disclosures to assess if the selling continues.