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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Promoter Yatin Sanjay Gupte has created a pledge over 49,00,000 equity shares (1.88% of total share capital) of Wardwizard Innovations & Mobility Ltd in favour of JJ Fincap Private Limited on 3rd September 2025. The pledge was executed to secure financial assistance under a financing/credit facility agreement. After this pledge creation, the promoter's encumbered (pledged) shares have risen to 3,32,01,729 shares, representing 12.74% of the company. His direct shareholding remains unchanged at 4,85,66,153 shares (18.63%). The disclosure was filed under SEBI Regulation 29(2) of the Takeover Regulations on 5th September 2025.
This is a pledge creation, not a sale, so there is no change in promoter ownership. However, the higher pledged share count means more of the promoter's stake is encumbered, which slightly increases the risk to shareholders if the promoter is unable to meet loan obligations and the shares are invoked by the lender.