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 transferred 3,00,00,000 equity shares (11.51% of total share capital) of Wardwizard Innovations & Mobility Ltd to Tick N Trade Investments Private Limited on 14th May 2025 through an off-market transaction. The shares have been given as collateral security for a loan of Rs 25 crore taken under a Financing/Loan Against Shares Agreement dated 12th May 2025. As a result, the promoter's individual holding has dropped from 7,87,93,177 shares (30.22%) to 4,87,93,177 shares (18.72%). Combined with PAC Wardwizard Solutions India Pvt Ltd's 1.24%, the promoter group holding now stands at 19.96%, down from 31.47% earlier.
This is a negative signal for shareholders as it indicates the promoter needed to raise Rs 25 crore by pledging a significant portion of holdings. If the promoter fails to repay, the lender could sell these shares in the market, creating potential share price pressure. The drop in promoter economic interest from 30.22% to 18.72% weakens skin-in-the-game for retail investors.