Wardwizard Innovations & Mobility , a company listed on the BSE (Scrip Code: 538970), has reported a significant development involving its promoter, Yatin Sanjay Gupte. According to a recent disclosure, Gupte has pledged 49,00,000 equity shares, representing 1.88% of the company's total share capital, to JJ Fincap Private Limited.

Details of the Pledge

The pledge transaction was executed on September 3, 2025, under a Deed of Share Pledge agreement dated September 1, 2025. This move is aimed at securing financial assistance for the promoter, as per the terms and conditions agreed upon in the Financing/Credit Facility Agreement between the parties.

Impact on Promoter's Shareholding

Following this transaction, Yatin Sanjay Gupte's total encumbered shareholding has increased significantly:

Gupte's total shareholding in Wardwizard Innovations & Mobility Limited stands at 4,85,66,153 shares, representing 18.63% of the company's total share capital.

Promoter Group Holdings

The disclosure also provides insights into the holdings of other members of the promoter group:

1. Wardwizard Solutions India Private Limited holds 28,92,438 shares (1.11% of total share capital), with 20,72,926 shares (0.80%) already encumbered.
2. Garuda Mart India Private Limited owns 1,94,50,000 shares (7.46% of total share capital).
3. Aevas Business Solutions Private Limited holds 2,14,00,000 shares (8.21% of total share capital).

Regulatory Compliance

This disclosure has been made in compliance with Regulation 31(1) and Regulation 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has duly informed the BSE Limited and its Board of Directors about this development.

The pledge creation is part of the risk mitigation measures required under the financial arrangement between Yatin Sanjay Gupte and JJ Fincap Private Limited. As per the disclosure, the pledged shares will serve as collateral for the financial assistance obtained under the credit facility agreement.

Investors and market participants are advised to take note of this development, as it represents a significant change in the promoter's encumbered shareholding in Wardwizard Innovations & Mobility Limited.

Wardwizard Innovations & Mobility Limited (WIML) has taken a significant step towards expanding its presence in the renewable energy sector. The company's Board of Directors has approved the acquisition of Wardwizard Renewable Energy Private Limited (WREPL) as a wholly-owned subsidiary, marking a strategic move into the sustainable energy domain.

Acquisition Details

The acquisition involves WIML purchasing 100% of the share capital of WREPL, which is yet to be subscribed. This transaction is classified as a related party transaction, with key promoters having interests in the target company:

• Mr. Yatin Sanjay Gupte, serving as both Director and Member in WREPL
• Wardwizard Solution Private Limited, holding membership in WREPL

About Wardwizard Renewable Energy

Wardwizard Renewable Energy Private Limited, incorporated on January 25, operates in the energy and power sector. The company positions itself as an integrated energy provider, focusing on the generation, transmission, and distribution of electricity. However, it's worth noting that WREPL is yet to commence its operations.

Strategic Objectives

The primary objective behind this acquisition is to strengthen WIML's foothold in the sustainable, renewable, and green energy sector. The newly acquired subsidiary is expected to undertake activities in:

• Development of environmentally friendly energy solutions
• Generation of renewable energy
• Distribution of green power
• Promotion of sustainable technologies

Regulatory Compliance

WIML has assured that all necessary approvals and registrations required by Indian law have been obtained for this acquisition. The company has also addressed a recent non-compliance issue regarding the late submission of its Shareholding Pattern for the quarter ended June 30 to the BSE Limited.

Looking Ahead

This strategic move by Wardwizard Innovations & Mobility Limited reflects the company's commitment to diversifying its portfolio and embracing the growing renewable energy sector. As WREPL begins its operations, it will be interesting to observe how this acquisition contributes to WIML's growth and sustainability goals in the coming years.

The financial implications of this acquisition and its impact on WIML's overall performance will likely become clearer in subsequent financial reports and company announcements.