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 pledged 13,00,000 equity shares (0.50% of total capital) of Wardwizard Innovations & Mobility with Radhamani India Limited on 9 June 2025. The pledge was created to address a shortfall in a margin call, as part of an existing financing arrangement. This is a pledge creation, not a sale — the promoter group's total holding stays unchanged at 26.12% (Yatin Gupte 24.87% + PAC Wardwizard Solutions India 1.24%). The pledged shares are now encumbered, meaning they cannot be freely sold until the pledge is released.
No change in ownership or voting rights, so dilution is not a concern. However, the pledge creation due to a margin call shortfall suggests some financial pressure on the promoter, which is worth monitoring. If the pledge is invoked in the future, it could lead to a change in shareholding.