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 sold 52,00,000 equity shares (52 lakh shares) of Wardwizard Innovations & Mobility Ltd through open market on 26th March 2025 (21 lakh shares) and 27th March 2025 (31 lakh shares). This is a revised disclosure filed to correct a typographical error in the original disclosure dated March 28, 2025 — only the share count number was corrected, all other details remain unchanged. Before the sale, Mr. Gupte held 8,39,93,177 shares (32.22%), and after the sale his holding dropped to 7,87,93,177 shares (30.22%), a reduction of 1.99%. Including PAC Wardwizard Solutions India Pvt Ltd (1.24%), total promoter group holding fell from 33.46% to 31.47%.
Promoter selling nearly 2% stake in the open market within two days is a negative signal for retail investors, as it indicates the promoter is reducing exposure in the company. This may weigh on stock price sentiment and raise concerns about insider confidence, though the promoter group still retains a significant 31.47% stake in the company.