The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & PACs
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Yatin Sanjay Gupte, promoter of Wardwizard Innovations & Mobility Ltd, filed a revised disclosure under SEBI SAST Regulations regarding two pledge creations on his shares. On September 3, 2025, 49 lakh shares were pledged with JJ Fincap Private Limited, and on September 9, 2025, another 50 lakh shares were pledged with Yoginkumar Ashokbhai Patel, both to secure a Loan Against Securities facility. As a result, the promoter group's encumbered shares rose from 2.82 crore (10.83%) to 3.81 crore (14.62%) of the company's equity. The revision corrects inconsistencies in earlier filings dated September 5 and 11, 2025, related to encumbered share figures.
Pledging shares increases the promoter's financial leverage, raising the risk of forced selling if share prices drop and lenders invoke the pledge. The promoter group's total holding stays at 19.74%, but encumbered shares now stand at 14.62% of total equity, which shareholders should monitor as a risk indicator.