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 has disclosed the release of a pledge on 3,75,00,000 equity shares (14.38% of total share capital) of Wardwizard Innovations & Mobility Ltd, effective 13th May 2025. These shares were earlier pledged as collateral for a loan; their release means the lender has dropped its encumbrance on them. Yatin Gupte's direct holding stays at 30.22% (7.87 crore shares) and the promoter group's total at 31.47% — so ownership has not changed, only the pledge status. The filing notes also flag small additional pledges of 3.5 lakh and 3 lakh shares with lenders Luharuka Media & Infra and Radhamani India due to margin call shortfalls.
Net positive for shareholders — a large block of pledged shares has been freed, lowering the promoter's encumbrance burden and reducing forced-sale risk. The simultaneous small fresh pledges tied to margin calls indicate some ongoing funding pressure, which is worth tracking.