The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has created a pledge over 13,00,000 equity shares (0.50% of total share capital) of Wardwizard Innovations & Mobility Ltd on 9th June 2025. The pledge was made in favor of Radhamani India Limited to address a shortfall in a margin call, as per terms agreed between the parties. Before this pledge, Yatin Gupte held 6,48,43,177 shares (24.87%) directly, and with PAC Wardwizard Solutions India Pvt Ltd's 32,42,438 shares (1.24%), the promoter group's total holding stands at 6,80,85,615 shares (26.12%). No shares were bought or sold; the transaction purely involves encumbering existing shares.
Creating a pledge to meet a margin call suggests the promoter may be under some financial pressure or seeking to raise liquidity against existing holdings. While ownership remains unchanged, pledged shares carry invocation risk and are generally viewed cautiously by retail investors as it signals potential financial stress on the promoter.