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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Awaiting price reaction for this filing.
Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge on 17,83,340 equity shares (about 0.68% of total share capital) with Bikewin Trading Private Limited as the lender. The pledge was created in two tranches on 7th April 2025 (10,85,890 shares) and 8th April 2025 (6,97,450 shares) due to a shortfall in the margin call. No shares were bought or sold — only encumbrance was created. After this, the promoter group's total holding remains unchanged at 8,20,35,615 shares (31.47%). A note also mentions an additional 60,45,000 shares were pledged separately to meet the margin shortfall.
This is a negative signal for shareholders as it indicates financial stress on the promoter due to margin call shortfalls. A pledge creation, especially one triggered by margin shortfall, raises concerns about the promoter's ability to meet financial obligations and increases the risk of forced sale if the stock price declines further.