Wardwizard Innovations Promoter Pledges 40 Lakh Shares for Financial Assistance

Wardwizard Innovations & Mobility Limited's promoter Yatin Sanjay Gupte has disclosed the creation of share pledges totaling 40 lakh equity shares to secure financial assistance from lending institutions. The disclosure was made on December 26, 2025, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Transaction Details

The pledge creation involved two separate transactions executed on December 23, 2025, with equal amounts pledged to different financial institutions:

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:

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 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. The pledges were executed in accordance with SEBI regulations governing substantial acquisition of shares and takeovers.

Regulatory Compliance

The disclosure was made under Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company is listed on BSE Limited with scrip code 538970, and the disclosure ensures transparency regarding changes in promoter share encumbrance.

The pledge creation falls within the definition of "encumbrance" under Chapter V of the Takeover Regulations, necessitating the formal disclosure to stock exchanges and regulatory authorities as per SEBI's Master circular dated February 16, 2023.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.25%	-10.12%	-20.02%	-44.67%	-79.13%	-82.43%

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:

Transaction:	Share Count	Date	Type	Reason
Transaction 1:	35,46,629	December 15, 2025	Pledge Invocation	Securing Margin Shortfall
Transaction 2:	1,58,08,210	December 15, 2025	Pledge Invocation	Securing Margin Shortfall
Total Shares:	1,93,54,839

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.

Parameter:	Before Invocation	After Invocation
Encumbered Shares (Opening):	4,29,46,729	-
Encumbered Shares (Closing):	-	2,35,91,890
Percentage of Total:	14.28%	7.94%

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.

Filing Details:	Information
Filing Date:	December 24, 2025
Regulation:	SEBI Regulation 31(1) and 31(3)
Filed By:	Jayaashok Bhardwaj (Company Secretary)
Promoter Declaration:	Yatin Sanjay Gupte

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.