The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & PACs
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Promoter Yatin Sanjay Gupte has created a pledge on 3,75,00,000 (3.75 crore) equity shares of Wardwizard Innovations & Mobility Ltd, representing 14.38% of the company's total share capital. The shares have been pledged with Shri Parasram Holdings Private Limited as collateral for financial assistance availed from Tick N'Trade Investments Pvt. Ltd. to support operational and strategic business needs. After this encumbrance, the promoter group's combined holding (Yatin Gupte at 30.22% plus PAC Wardwizard Solutions India Pvt Ltd at 1.24%) remains at 31.47% of the company — ownership has not changed, only the shares have been encumbered. The filing also notes additional smaller pledges of 3,50,000 and 3,00,000 shares to Luharuka Media & Infra and Radhamani India respectively, made due to margin call shortfalls on existing loans.
No change in promoter ownership or control — this is a pledge (loan collateral), not a sale. However, roughly 45.7% of the promoter's own shares are now pledged, which signals the promoter is leveraging holdings for funding. Investors should watch closely: any margin call shortfall or loan default could trigger pledge invocation, potentially leading to a change in shareholding pattern.