The Exchange has received the revised 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, sold 49,00,000 equity shares (1.88% of total share capital) through on-market transactions spread across four days: 22nd May (12 lakh shares), 23rd May (14 lakh shares), 26th May (11 lakh shares), and 27th May (12 lakh shares). After the sale, Yatin Gupte's individual holding dropped from 27.71% (7.22 crore shares) to 25.83% (6.73 crore shares). Combined with PAC Wardwizard Solutions India Pvt Ltd (1.24%), the promoter group's total holding reduced from 28.96% to 27.08%. The total equity share capital of the company remains unchanged at Rs. 26.07 crore (26.07 crore shares of Re. 1 each).
This is a notable promoter stake sale exceeding 1% in a single filing, which retail investors often view as a cautious signal. However, the promoter group still retains a substantial 27.08% stake in the company, so control is not at risk. The sale could weigh on short-term sentiment depending on the price at which the shares were offloaded.