Mangalam Industrial Finance Limited has witnessed a significant shareholding change as DY Captive Projects LLP invoked pledge on 9,00,00,000 equity shares previously held by promoter Wardwizard Solutions India Private Limited. The pledge invocation, executed on March 13, 2026, represents 6.32% of the company's total share capital and was formally disclosed to BSE Limited on March 17, 2026, under SEBI takeover regulations.

Official Regulatory Disclosure

The company filed comprehensive disclosures pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by Company Secretary Samoil Akilbhai Lokhandwala on March 18, 2026, confirming the pledge invocation initiated by DY Captive Projects LLP towards securing a Loan Against Securities facility.

Transaction Structure and Documentation

DY Captive Projects LLP, represented by Designated Partner Kameshwar Singh (DPIN: 08575577), submitted detailed disclosures on March 17, 2026. The pledge invocation was executed in accordance with terms and conditions stipulated in the Deed of Share Pledge cum Loan Agreement, facilitating DY Captive Projects LLP's transition from pledgee to direct shareholder through invocation of pledge mechanism.

Impact on Shareholding Structure

The pledge invocation has resulted in a significant restructuring of the company's shareholding pattern. The transaction transferred effective control of 6.32% stake from the promoter group to DY Captive Projects LLP through invocation of pledge mechanism, while maintaining the total share capital of ₹142,51,29,928 divided into 142,51,29,928 equity shares of Re. 1/- each.

Corporate Governance and Compliance

The transaction demonstrates strict adherence to SEBI's substantial acquisition disclosure requirements, with comprehensive documentation filed by both the target company and the acquirer. DY Captive Projects LLP, with LLPIN AAO-5357 and registered office at Flat No 6, Sector G, Shreenagri, Bhosari Pune Maharashtra 411035, completed the acquisition through invocation of pledge as per the loan agreement terms.

Mangalam Industrial Finance Limited, with CIN L65993WB1983PLC035815, maintains its registered office at Old Nimta Road, Nandan Nagar, Belghoria, Kolkata, West Bengal, while operating from its corporate office in Vadodara, Gujarat. The transaction concludes the structured financing arrangement through formal pledge invocation mechanism as per the Deed of Share Pledge cum Loan Agreement.

Wardwizard Solutions India Private Limited has disclosed the sale of 39,61,817 equity shares in Mangalam Industrial Finance Limited on February 27, 2026. The transaction was conducted through open market sale and disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Official Regulatory Disclosure

The disclosure was formally communicated to BSE Limited on March 5, 2026, by Mangalam Industrial Finance Limited's Managing Director Venkata Ramana Revuru. The company filed the required documentation including Annexure-2 format as mandated by SEBI regulations for substantial shareholding changes.

Shareholding Pattern Changes

The transaction resulted in a reduction of Wardwizard Solutions' stake in Mangalam Industrial Finance Limited. The detailed shareholding pattern shows the impact on both individual and combined holdings with Person Acting in Concert Mr. Yatin Sanjay Gupte.

Company Structure and Compliance

Mangalam Industrial Finance Limited is listed on BSE Limited with scrip code 537800. The company's equity share capital remains unchanged at Rs. 96,16,43,500 divided into 96,16,43,500 equity shares of Re. 1 each. The disclosure was signed by Director Yatin Sanjay Gupte (DIN: 07261150) on behalf of Wardwizard Solutions.

Regulatory Framework

The disclosure fulfills the requirements under SEBI regulations for substantial acquisition and takeover norms. Wardwizard Solutions, along with Person Acting in Concert Mr. Yatin Sanjay Gupte, belongs to the promoter group of the target company. The transaction maintains compliance with regulatory disclosure requirements for shareholding changes, with formal documentation submitted to both BSE Limited and the company's board of directors.