Wardwizard Innovations & Mobility has announced the invocation of pledged shares by lender Gangabase Barter Private Limited on December 15, 2025. The company disclosed this development under Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, citing a shortfall in the required margin as the reason for the pledge invocation.

Pledge Invocation Details

The pledge invocation involved two separate transactions executed on December 15, 2025. The details of the transactions are as follows:

Both transactions were executed by Gangabase Barter Private Limited as the lender, with the pledge invocation being attributed to a shortfall in the required margin.

Promoter Holdings Impact

The pledge invocation has significantly affected the shareholding pattern of promoter Yatin Sanjay Gupte and the promoter group entity Wardwizard Solutions India Private Limited. The encumbered shares balance has changed following the invocation.

The reduction in encumbered shares from 14.28% to 7.94% of the total share capital reflects the impact of the pledge invocation on the promoter's holdings.

Regulatory Compliance and Filing Details

Wardwizard Innovations & Mobility has filed the necessary disclosure with BSE Limited under the prescribed format for pledge invocations. The regulatory filing was submitted on December 24, 2025, by Company Secretary and Compliance Officer Jayaashok Bhardwaj.

The disclosure was made by promoter Yatin Sanjay Gupte, who provided his residential address in Vadodara, Gujarat, and contact details as part of the regulatory submission. The company maintains its registered office in Mumbai and corporate office in Vadodara, Gujarat.

Share Capital Structure

The pledge invocation occurred against the backdrop of the company's total equity share capital of ₹30,00,77,440 divided into 3,00,07,744 equity shares of ₹10.00 each. The invocation represents a significant portion of the previously pledged holdings, highlighting the financial obligations and margin requirements associated with pledged shareholdings in the current market environment.

The company has ensured compliance with SEBI regulations by making timely disclosures regarding the pledge invocation, maintaining transparency with stakeholders about changes in promoter shareholding patterns.

Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Limited, has pledged an additional 10,00,000 equity shares to Blacksoil Capital Private Limited. This pledge was created to secure financial assistance under a credit facility agreement.

Key Details of the Pledge

Impact on Shareholding

The pledge has resulted in changes to the encumbered shareholding:

• Total encumbered shares held by the promoter and PAC increased to 4,29,46,729 shares
• This represents 14.28% of the company's total diluted share capital

Additional Context

The pledge was executed to secure financial assistance, as per the terms and conditions agreed between the parties pursuant to the Financing/Credit Facility Agreement. This arrangement ensures compliance with financial obligations and risk mitigation measures required under the agreement.

It's important to note that while there may be no change in the promoter's overall holding, there is an increase in the number of encumbered shares held by the promoter. This transaction falls within the definition of 'encumbrance' as per the relevant regulations.