The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wardwizard Solutions India Pvt Ltd
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Wardwizard Solutions India Pvt Ltd, part of the promoter group, has disclosed a release/revocation of pledge on 8,19,512 shares (0.31%) of Wardwizard Innovations & Mobility Ltd, with Shriram Finance Limited acting as the lender. The revocation took effect on July 8, 2025. After this release, the encumbered shares held by the promoter entity stand reduced from 28,92,438 (1.11%) to 20,72,926 (0.80%) of the company's share capital. Promoter Yatin Sanjay Gupte (PAC) continues to hold 5,50,63,177 shares (21.12%) in the company. The actual voting shareholding of the promoter entity remains unchanged at 28,92,438 shares (1.11%) since this is only a pledge revocation, not a sale or transfer.
This is a positive signal for shareholders — the release of pledged shares reduces the encumbrance burden on promoters, lowering the risk of forced selling. The promoter group's actual ownership remains intact at over 22% combined.