Wardwizard Innovations & Mobility , a prominent player in the electric vehicle industry, has reported a significant development in its shareholding structure. Yatin Sanjay Gupte, a key promoter of the company, has created a pledge of 50,00,000 equity shares in favor of Yoginkumar Ashokbhai Patel on September 9, 2025.

Pledge Details

The pledged shares represent 1.92% of Wardwizard Innovations' total share capital. This transaction has increased Gupte's total encumbered shares to 38,201,729, accounting for 14.65% of the company's equity. Despite this pledge, Gupte continues to hold a substantial stake in the company:

Company's Share Capital

Wardwizard Innovations & Mobility Limited's equity share capital remains unchanged at Rs. 26.07 crores, divided into 260,693,900 equity shares of Re. 1 each.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company has duly informed the BSE Limited about this transaction. The disclosure was made on September 12, 2025, by Jaya Ashok Bhardwaj, the Company Secretary and Compliance Officer of Wardwizard Innovations & Mobility Limited.

Promoter Group Holdings

Another entity in the promoter group, Wardwizard Solutions India Private Limited, holds 2,892,438 shares, representing 1.11% of the company's total share capital.

This pledge creation by a key promoter marks a significant move in the company's shareholding structure. The specific reasons for the pledge and its potential impact on the company's operations have not been disclosed in the regulatory filing.

Wardwizard Innovations & Mobility , a company listed on the BSE (Scrip Code: 538970), has reported a significant share pledge by one of its promoters. Yatin Sanjay Gupte, a key promoter of the company, has pledged 50,00,000 equity shares, representing 1.92% of the total share capital, in favor of Yoginkumar Ashokbhai Patel on September 9, 2025.

Details of the Pledge

The pledge was created as collateral for financial assistance availed against securities. This transaction has resulted in an increase in Gupte's total encumbered shareholding, which now stands at 3,82,01,729 shares, or 14.65% of the company's share capital.

Promoter's Shareholding

Despite this pledge, Yatin Sanjay Gupte's overall promoter holding in Wardwizard Innovations & Mobility remains unchanged at 4,85,66,153 shares, representing 18.63% of the total share capital.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Gupte has duly informed the BSE Limited and the company's board of directors about this transaction.

Other Promoter Holdings

The LODR data also provides information on other promoter group holdings:

Implications

This pledge transaction highlights the ongoing financial activities within the promoter group of Wardwizard Innovations & Mobility. While it doesn't affect the overall promoter holding, it does increase the proportion of encumbered shares held by Yatin Sanjay Gupte, a key figure in the company's ownership structure.

Investors and market watchers may want to keep an eye on further developments related to promoter shareholdings and pledges, as these can sometimes indicate the financial strategies or needs of the company's major stakeholders.