Wardwizard Innovations Promoter Faces Pledge Invocation of 20 Lakh Shares

Wardwizard Innovations & Mobility Limited has disclosed that its promoter Yatin Sanjay Gupta faced invocation of pledged shares by JM Financial Services Limited on January 9, 2026. 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 involved 20,00,000 equity shares of Wardwizard Innovations & Mobility Limited. The transaction occurred due to a shortfall in the required margin, leading JM Financial Services Limited to invoke the pledged securities.

Parameter:	Details
Shares Invoked:	20,00,000 equity shares
Date of Invocation:	January 9, 2026
Lender:	JM Financial Services Limited
Reason:	Shortfall in required margin
Percentage of Total Capital:	0.66%

Impact on Promoter Holdings

Following the pledge invocation, Yatin Sanjay Gupta's shareholding pattern underwent significant changes. His direct voting rights decreased while his encumbered shareholding also reduced proportionally.

Shareholding Category:	Before Invocation	After Invocation	Change
Direct Voting Rights:	2,92,11,314 shares (9.71%)	2,72,11,314 shares (9.05%)	-20,00,000 shares (-0.66%)
Encumbered Shares:	2,75,91,890 shares (9.17%)	2,55,91,890 shares (8.51%)	-20,00,000 shares (-0.66%)
Total Holdings:	3,21,03,752 shares (10.67%)	3,01,03,752 shares (10.01%)	-20,00,000 shares (-0.66%)

Regulatory Compliance

The disclosure was made pursuant to SEBI regulations governing substantial acquisition of shares and takeovers. Company Secretary and Compliance Officer Jaya Ashok Bhardwaj signed the filing on behalf of Wardwizard Innovations & Mobility Limited.

The company's equity share capital remains unchanged at ₹30,08,17,446.00, divided into 30,08,17,446 equity shares of ₹1.00 each. Wardwizard Innovations & Mobility Limited is listed on BSE Limited with scrip code 538970.

Promoter Group Structure

Yatin Sanjay Gupta operates as the primary promoter alongside Wardwizard Solutions India Private Limited as a Person Acting in Concert (PAC). The PAC entity holds 28,92,438 shares representing 0.96% of the total voting capital, which remained unchanged following the pledge invocation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+19.87%	+4.47%	+4.47%	-46.49%	-77.81%	-85.46%

Wardwizard Innovations & Mobility Limited has disclosed that promoter Yatin Sanjay Gupte faced invocation of pledge on 20,00,000 equity shares by Radhasoami Resources Limited on January 9, 2026. The invocation was triggered due to a shortfall in the required margin under a Loan Against Securities facility.

Transaction Details

The pledge invocation represents a significant development for the electric vehicle manufacturer, affecting the promoter's shareholding structure. The transaction was executed to secure shortfall margin requirements as per the terms and conditions of the Loan Against Shares facility agreement.

Parameter:	Details
Shares Invoked:	20,00,000 equity shares
Date of Invocation:	January 9, 2026
Lender:	Radhasoami Resources Limited
Reason:	Securing shortfall margin
Transaction Type:	Pledge invocation

Impact on Promoter Holdings

The pledge invocation has resulted in changes to Yatin Sanjay Gupte's shareholding pattern in the company. His total promoter holding and encumbered shares have both been affected by this transaction.

Shareholding Category:	Before Invocation	After Invocation	Change
Total Promoter Holding:	2,92,11,314 shares (9.72%)	2,72,11,314 shares	-20,00,000 shares
Encumbered Shares:	2,75,91,890 shares (9.17%)	2,55,91,890 shares (8.51%)	-20,00,000 shares
Invoked Amount:	-	20,00,000 shares (0.66%)	New

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Jaya Ashok Bhardwaj filed the mandatory disclosure with BSE Limited on January 13, 2026.

The disclosure was made in accordance with Regulation 31(1) and 31(3) of the takeover regulations, following SEBI's Master circular dated February 16, 2023. The filing includes detailed information about the pledge invocation and its impact on the promoter's shareholding structure.

Promoter Group Holdings

Other promoter group entities remain unaffected by this transaction. Wardwizard Solutions India Private Limited holds 28,92,438 shares (0.96%), Garuda Mart India Private Limited maintains 1,94,50,000 shares (6.47%), and Aevas Business Solutions Private Limited holds 2,14,00,000 shares (7.11%).

The pledge invocation reflects the challenges faced by the promoter in meeting margin requirements under the loan facility, resulting in a reduction of both total and encumbered shareholding in the electric vehicle company.