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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Promoter Yatin Sanjay Gupte has submitted a revised disclosure to BSE regarding the creation of two pledges on his shares in Wardwizard. The first pledge of 49 lakh shares (1.88%) was created on 3rd September 2025 with JJ Fincap Private Limited, and the second pledge of 50 lakh shares (1.92%) was created on 9th September 2025 with Yoginkumar Ashokbhai Patel. The pledges were made to secure a Loan Against Securities facility. After both pledges, the promoter's total encumbered shares stand at 3.81 crore shares (14.62% of the company's share capital), up from an opening balance of 2.82 crore shares (10.83%). The revision corrects mismatches in figures from earlier disclosures dated 5th and 11th September 2025.
The promoter's direct shareholding remains unchanged at 18.63% (4.86 crore shares), so there is no change in promoter ownership or control. However, a rising pledged share count (now 14.62% of total capital) increases the risk of forced selling if the promoter fails to meet loan obligations, which investors should monitor closely.