The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has created a pledge on 87,83,700 equity shares (3.37% of total share capital) of Wardwizard Innovations & Mobility Ltd on 27th and 28th March 2025. The pledging was done across six transactions with four lenders — Radhamani India Ltd (53.87 lakh shares), Luharuka Media & Infra Ltd (20 lakh shares), Knab Finance Advisors (9.17 lakh shares), and Blacksoil Capital (4.79 lakh shares). According to the note, an additional 60.45 lakh shares were pledged specifically to meet a shortfall in margin calls on existing loans. The promoter's total holding remains unchanged at 31.47% (8.20 crore shares); only the encumbered portion has increased.
The creation of new pledges due to margin call shortfall signals financial stress on the promoter, who had to pledge more shares to maintain loan margins. This raises concerns about promoter leverage and could be viewed negatively by retail investors as it increases the risk of forced sale if share prices decline further.