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 revoked the pledge on 12,42,200 equity shares (0.48% of total capital) of Wardwizard Innovations & Mobility Ltd held with KNAB Finance Advisors Private Limited, effective 28th August 2025. The revocation happened after full repayment of the credit facility and closure of the underlying loan. Post-revocation, the promoter's direct holding remains unchanged at 4,85,66,153 shares (18.63%), while encumbered (pledged) shares have come down from 2,95,43,929 (11.33%) to 2,83,01,729 (10.86%) of the company.
This is a positive signal for shareholders — the promoter has cleared a loan obligation and freed up shares from encumbrance, reducing pledged share exposure. Lower pledged holdings lower the risk of forced selling and signal improved financial health of the promoter.