Wardwizard Innovations Promoter Faces Pledge Invocation on 20 Lakh Shares

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.

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's promoter Yatin Sanjay Gupte has pledged 40 lakh equity shares to secure financial assistance from lending institutions. The pledge creation was formally disclosed on December 26, 2025, through official regulatory filings submitted to BSE Limited in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Official Regulatory Filing

The company submitted formal declarations to BSE Limited and regulatory authorities on December 30, 2025, providing comprehensive documentation of the pledge transactions. The filing included detailed annexures outlining the terms and conditions of the financing arrangements with both lending institutions.

Filing Details	Information
Disclosure Date	December 26, 2025
Filing Date	December 30, 2025
Regulation	SEBI Takeover Regulations 29(2)
Target Company Scrip Code	538970
Total Shares Pledged	40,00,000

Pledge Transaction Details

The pledge creation involved two separate transactions executed on December 23, 2025, with equal amounts pledged to different financial institutions under formal financing and credit facility agreements:

Parameter	Transaction 1	Transaction 2
Pledgee	Comfort Fincap Limited	JM Financial Services Limited
DP Name	Comfort Securities Limited	Radhasoami Resources Limited
Shares Pledged	20,00,000	20,00,000
Transaction Date	December 23, 2025	December 23, 2025
Purpose	Financial Assistance	Financial Assistance

Promoter Shareholding Impact

Following the pledge creation, Yatin Sanjay Gupte's shareholding structure in the company has been updated to reflect the additional encumbrance:

Shareholding Details	Before Pledge	After Pledge
Total Holding	2,92,11,314 shares (9.72%)	2,92,11,314 shares (9.72%)
Previously Encumbered	2,35,91,890 shares (7.84%)	2,35,91,890 shares (7.84%)
New Pledges	-	40,00,000 shares (1.33%)
Total Encumbered	2,35,91,890 shares (7.84%)	2,75,91,890 shares (9.17%)

The pledge creation does not affect the promoter's overall shareholding in the company, which remains unchanged at 2.92 crore shares representing 9.72% of the total share capital.

Financing Arrangements

The share pledges have been created as collateral security under financing and credit facility agreements with the respective lenders. The official filing confirms that the pledge agreements establish security arrangements for financial assistance availed against securities, with the pledged shares serving as additional collateral for the borrower's obligations. Both pledge agreements include terms and conditions that ensure compliance with financial obligations and implement risk mitigation measures required under the financing arrangements.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal documentation includes digitally signed declarations by the promoter, confirming the authenticity and compliance of the pledge transactions. The promoter's residential address is listed as 12A Suramya Bungalows, Bhayli Raipura Road, Vadodara, Gujarat, with contact details provided for regulatory correspondence.