Wardwizard Innovations & Mobility Limited (WIML) has taken a significant step towards expanding its presence in the renewable energy sector. The company's Board of Directors has approved the acquisition of Wardwizard Renewable Energy Private Limited (WREPL) as a wholly-owned subsidiary, marking a strategic move into the sustainable energy domain.

Acquisition Details

The acquisition involves WIML purchasing 100% of the share capital of WREPL, which is yet to be subscribed. This transaction is classified as a related party transaction, with key promoters having interests in the target company:

• Mr. Yatin Sanjay Gupte, serving as both Director and Member in WREPL
• Wardwizard Solution Private Limited, holding membership in WREPL

About Wardwizard Renewable Energy

Wardwizard Renewable Energy Private Limited, incorporated on January 25, operates in the energy and power sector. The company positions itself as an integrated energy provider, focusing on the generation, transmission, and distribution of electricity. However, it's worth noting that WREPL is yet to commence its operations.

Strategic Objectives

The primary objective behind this acquisition is to strengthen WIML's foothold in the sustainable, renewable, and green energy sector. The newly acquired subsidiary is expected to undertake activities in:

• Development of environmentally friendly energy solutions
• Generation of renewable energy
• Distribution of green power
• Promotion of sustainable technologies

Regulatory Compliance

WIML has assured that all necessary approvals and registrations required by Indian law have been obtained for this acquisition. The company has also addressed a recent non-compliance issue regarding the late submission of its Shareholding Pattern for the quarter ended June 30 to the BSE Limited.

Looking Ahead

This strategic move by Wardwizard Innovations & Mobility Limited reflects the company's commitment to diversifying its portfolio and embracing the growing renewable energy sector. As WREPL begins its operations, it will be interesting to observe how this acquisition contributes to WIML's growth and sustainability goals in the coming years.

The financial implications of this acquisition and its impact on WIML's overall performance will likely become clearer in subsequent financial reports and company announcements.

Wardwizard Innovations & Mobility Limited , a prominent player in the electric vehicle industry, has reported significant changes in the pledged shares of its promoter, Yatin Sanjay Gupte. The company disclosed two separate transactions involving pledge invocation and release, impacting a total of 1,29,90,000 equity shares.

Pledge Invocation

On August 18, 2025, Knab Finance Advisors Private Limited invoked a pledge on 2,00,000 equity shares held by Yatin Sanjay Gupte. This invocation was necessitated to cover a shortfall in the required margin for a Loan Against Securities facility. The invoked shares represent 0.08% of the company's total share capital.

Pledge Release

In a separate transaction on August 21, 2025, Radhamani India Limited released a pledge on 1,27,90,000 equity shares held by Gupte. This release followed the clearing of all outstanding dues and full repayment of financial obligations associated with the credit facility. The released shares account for 4.91% of the company's total share capital.

Impact on Promoter Shareholding

Following these transactions, Yatin Sanjay Gupte's total shareholding in Wardwizard Innovations & Mobility Limited stands at 3,57,76,153 shares, representing 13.72% of the company's total share capital. Of this, 2,95,43,929 shares, or 11.33% of the total share capital, remain encumbered.

Promoter Group Holdings

The disclosure also provided insights into the holdings of other promoter group entities:

The company has duly reported these changes to the BSE Limited, adhering to the regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This development highlights the dynamic nature of promoter shareholdings and the various financial arrangements that can impact a company's ownership structure. Investors and market watchers will likely keep a close eye on any further changes in the promoter's pledged shares, as such movements can sometimes indicate the financial health and stability of key stakeholders.