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.
Promoter Yatin Sanjay Gupte has submitted a revised disclosure (correcting a document misalignment from the original June 3, 2025 filing) reporting the creation of a pledge over 16,00,000 equity shares (0.61% of total share capital) of Wardwizard Innovations & Mobility Ltd in favor of Bikewin Trading Private Limited on June 2, 2025. The pledge was executed to address a shortfall in a margin call under an existing financing arrangement. The promoter's underlying shareholding remains unchanged at 6,48,43,177 shares (24.87%), and along with PAC Wardwizard Solutions India Private Limited (32,42,438 shares, 1.24%), the total promoter group holding stays at 26.12%. No shares were actually bought or sold — only encumbered.
This is purely a pledge creation and not a change in ownership, so shareholder composition remains the same. However, it signals that the promoter may be facing margin pressure or liquidity stress, which is a mild negative indicator worth monitoring. Investors should keep an eye on any future pledge invocation or release announcements.