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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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge over 16,00,000 equity shares (about 0.61% of total share capital) in favour of Bikewin Trading Private Limited. The pledge was executed on June 2, 2025 to address a shortfall in a margin call, per terms agreed between the parties. Before this transaction, the promoter personally held 6,48,43,177 shares (24.87%), while persons acting in concert (PAC) Wardwizard Solutions India Pvt Ltd held 32,42,438 shares (1.24%), giving a combined holding of 26.12%. The pledged shares represent roughly 2.5% of the promoter's personal shareholding.
The pledge signals financial stress on the promoter triggered by a margin call shortfall. Given the small size of the pledge, the immediate market impact is limited, but investors should watch for any further encumbrances or signs of promoter-level liquidity pressure.