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.

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:

Promoter Shareholding Impact

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

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.

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.