Wardwizard Innovations & Mobility Limited has disclosed the invocation of pledge on 20 lakh equity shares held by its promoter under SEBI takeover regulations. The transaction was executed to address margin shortfall requirements in a financing arrangement.

Pledge Invocation Details

The pledge invocation was carried out by JM Financial Services Limited on January 9, 2026, involving 20,00,000 equity shares previously pledged by promoter Yatin Sanjay Gupta. The transaction was necessitated to secure shortfall margin under the existing Loan Against Securities facility.

Impact on Promoter Holdings

The pledge invocation has resulted in changes to the promoter's shareholding pattern. Yatin Sanjay Gupta's total holding in the company stands at 2,92,11,314 shares, representing 9.72% of the total share capital.

The shares were pledged in favor of Radhasoami Resources Limited as part of the original financing arrangement. The invocation occurred due to conditions stipulated in the Loan Against Shares facility agreement to ensure fulfillment of obligations.

Regulatory Compliance

The disclosure was made on January 13, 2026, in accordance with Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted the required documentation to BSE Limited, including detailed annexures outlining the transaction specifics.

The promoter group entities, including Wardwizard Solutions India Private Limited (0.96% holding), Garuda Mart India Private Limited (6.47% holding), and Aevas Business Solutions Private Limited (7.11% holding), were not affected by this transaction. The disclosure follows SEBI's Master circular dated February 16, 2023, regarding encumbrance reporting requirements.

Wardwizard Innovations & Mobility Limited has disclosed that its promoter Yatin Sanjay Gupta faced invocation of pledged shares by JM Financial Services Limited due to a margin shortfall. The company filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 13, 2026.

Pledge Invocation Details

The pledge invocation occurred on January 9, 2026, involving 20,00,000 equity shares of Wardwizard Innovations. The transaction was necessitated by a shortfall in the required margin maintained with the lender.

Impact on Promoter Holdings

The pledge invocation significantly affected Yatin Sanjay Gupta's shareholding pattern in the company. His voting rights decreased following the invocation, while his encumbered shares also reduced proportionally.

Company Structure and Compliance

Wardwizard Innovations maintains its registered office at Office No 4604, 46th Floor, Kohinoor Square, Kelkar Marg, Shivaji Park, Dadar (West), Mumbai. The corporate office is located at Survey 26/2, Opp. Pooja Farm, Sayajipura, Ajwa Road, Vadodara, Gujarat. The company's shares are listed on BSE Limited under scrip code 538970.

The disclosure was signed by Company Secretary and Compliance Officer Jaya Ashok Bhardwaj on behalf of the company. Yatin Sanjay Gupta, identified as a promoter, also signed the required declarations from Vadodara on January 13, 2026. The company's equity share capital remains unchanged at ₹30,08,17,446 divided into 30,08,17,446 equity shares of ₹1.00 each.

Regulatory Framework

The disclosure was made pursuant to SEBI regulations that mandate reporting of substantial changes in shareholding patterns. Wardwizard Solutions India Private Limited is identified as a Person Acting in Concert (PAC) with the promoter, holding 28,92,438 shares representing 0.96% of the total share capital. The regulatory filing ensures transparency in corporate ownership changes and protects investor interests through timely disclosure of material events.