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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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility, has created pledges on 40,00,000 equity shares (1.33% of total share capital) on December 23, 2025. The pledge is split into two equal parts: 20 lakh shares pledged to Comfort Fincap Limited (with Comfort Securities Limited as lender) and 20 lakh shares pledged to Radhasoami Resources Limited (with JM Financial Services Limited as lender). The pledges were executed to secure financial assistance under credit facility agreements. After this transaction, the promoter's encumbered shares rose from 7.84% to 9.17% of the company's capital. Total promoter holding (Yatin Gupte plus PAC Wardwizard Solutions India Private Limited) remains unchanged at 10.67%.
This pledge creation does not change actual ownership but signals the promoter is using equity holdings as collateral to raise credit, which carries risk of forced share sale if loan obligations are not met. Retail investors should monitor for any pledge invocation that could pressure the stock price.