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 sold 24,00,000 equity shares (about 0.92% of total share capital) of Wardwizard Innovations & Mobility Ltd through open-market transactions across two days — 14 lakh shares on 28th May 2025 and 10 lakh shares on 29th May 2025. His personal stake in the company fell from 25.83% (6.73 crore shares) to 24.91% (6.49 crore shares). Together with PAC Wardwizard Solutions India Pvt Ltd (which held 1.24% and did not sell), the promoter group's combined holding dropped from 27.08% to 26.16%. The filing is a revised disclosure submitted under SEBI SAST Regulation 29(2). The company's total equity capital stayed at Rs 26.07 crore (26.07 crore shares of Re 1 each).
Promoter selling on the open market is typically read as a mildly negative signal by investors, but the 0.92% trim is small and the promoter group still retains a sizeable 26.16% in the company, so the impact on the stock is likely limited.