Wardwizard Innovations Promoter Pledges 10 Lakh Shares to Comfort Fincap Limited

1 min read     Updated on 20 Oct 2025, 10:33 AM
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Overview

Yatin Sanjay Gupte, promoter of Wardwizard Innovations & Mobility Limited, pledged 10 lakh equity shares to Comfort Fincap Limited on October 16, 2025. This increased Gupte's encumbered shares from 16.04% to 16.43% of the company's equity, while maintaining his total shareholding at 18.63%. The pledge was made to secure financial assistance. The company, listed on BSE, has a total equity share capital of Rs. 26.07 crore.

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*this image is generated using AI for illustrative purposes only.

Wardwizard Innovations & Mobility Limited , a company listed on the BSE, has reported a corporate action involving its promoter, Yatin Sanjay Gupte. On October 16, 2025, Gupte pledged 10 lakh equity shares to Comfort Fincap Limited, as part of a financing agreement.

Key Details of the Transaction

Aspect Details
Promoter Name Yatin Sanjay Gupte
Shares Pledged 10,00,000 (Ten Lakh)
Pledge Date October 16, 2025
Pledgee Comfort Fincap Limited
Purpose To secure financial assistance

Impact on Shareholding

The pledge transaction has resulted in changes to Gupte's shareholding structure:

Category Before Pledge After Pledge
Total Shareholding 4,85,66,153 (18.63%) 4,85,66,153 (18.63%)
Encumbered Shares 4,18,21,729 (16.04%) 4,28,21,729 (16.43%)

Company Overview

Wardwizard Innovations & Mobility Limited's equity share capital stands at Rs. 26.07 crore, divided into 26.07 crore equity shares of Re. 1 each. The company's shares are listed on BSE Limited.

Regulatory Compliance

The company has made the necessary disclosures in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that shareholders and potential investors are informed about significant changes in the promoter's shareholding pattern.

The pledge creation has increased the promoter's encumbered shares without affecting the overall shareholding percentage. This move may be related to the company's or promoter's financial strategies.

Historical Stock Returns for Wardwizard Innovations & Mobility

1 Day5 Days1 Month6 Months1 Year5 Years
+3.71%-1.61%-12.29%-40.37%-77.42%-77.26%
Wardwizard Innovations & Mobility
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Wardwizard Innovations Promoter Pledges 10 Lakh Shares for Financial Assistance

1 min read     Updated on 18 Oct 2025, 03:45 PM
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Reviewed by
Riya DScanX News Team
Overview

Yatin Sanjay Gupte, promoter of Wardwizard Innovations & Mobility (BSE: 538970), has pledged 10,00,000 shares to M/S. Comfort Fincap Limited on October 16, 2025, to secure financial assistance. The pledge increases the promoter's encumbered shareholding from 16.04% to 16.43%, while the total promoter holding remains unchanged at 18.63%. The transaction was disclosed on October 18, 2025, in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Wardwizard Innovations & Mobility , a company listed on the Bombay Stock Exchange (BSE) under the scrip code 538970, has reported a significant corporate action involving its promoter, Yatin Sanjay Gupte. The move involves the pledging of shares to secure financial assistance, potentially impacting the company's shareholding structure.

Key Details of the Share Pledge

Aspect Details
Promoter Name Yatin Sanjay Gupte
Number of Shares Pledged 10,00,000 (Ten Lakh)
Pledgee M/S. Comfort Fincap Limited
Date of Pledge Creation October 16, 2025
Date of Disclosure October 18, 2025
Purpose To secure financial assistance

Impact on Shareholding

The pledge transaction has altered the encumbered shareholding of the promoter:

Shareholding Category Before Pledge After Pledge
Total Promoter Holding 4,85,66,153 (18.63%) 4,85,66,153 (18.63%)
Encumbered Shares 4,18,21,729 (16.04%) 4,28,21,729 (16.43%)

Additional Information

  • The pledge was executed under a Deed of Share Pledge dated September 9, 2025.
  • The transaction complies with the Securities and Exchange Board of India (SEBI) regulations, specifically the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • The disclosure was made in accordance with SEBI's Master circular dated February 16, 2023 (reference no. SEBI / HO / CFD / PoD- 1 / P / CIR / 2023 / 31).

This corporate action demonstrates the promoter's strategy to leverage shareholding for financial purposes. While the overall promoter holding remains unchanged, the increase in encumbered shares may be of interest to investors and market analysts monitoring the company's financial activities and promoter confidence.

Investors and stakeholders of Wardwizard Innovations & Mobility may want to keep an eye on further developments related to this financial arrangement and its potential implications for the company's future operations and financial strategy.

Historical Stock Returns for Wardwizard Innovations & Mobility

1 Day5 Days1 Month6 Months1 Year5 Years
+3.71%-1.61%-12.29%-40.37%-77.42%-77.26%
Wardwizard Innovations & Mobility
View in Depthredirect
like19
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