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.

Wardwizard Innovations & Mobility Limited has announced a significant move to raise capital through a rights issue, as approved by its Board of Directors. The company, known for its innovations in the mobility sector, is set to offer 44.3 million shares to its existing shareholders, valued at ₹487.5 million.

Rights Issue Details

The Board of Directors, in a meeting held on September 10, 2025, approved the key terms of the proposed rights issue. Here are the essential details:

• Issue Size: 4,43,17,963 equity shares with a face value of ₹1 each
• Total Amount: ₹48,74,97,593 (₹487.5 million)
• Issue Price: ₹11 per equity share (including a premium of ₹10 per share)
• Rights Entitlement Ratio: 17 equity shares for every 100 existing shares held

Timeline and Important Dates

The company has set forth a clear timeline for the rights issue:

Additional Information

Wardwizard Innovations has assigned the ISIN INE945P20024 for the Rights Entitlement. The company has also made arrangements with the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) to credit the Rights Entitlement in dematerialized form to the demat accounts of eligible shareholders.

This rights issue provides an opportunity for existing shareholders to increase their stake in the company proportionally to their current holdings. It's a strategic move that allows Wardwizard Innovations to raise capital while giving preference to its current investor base.

Investors and stakeholders can find more details about this rights issue on the company's website at www.wardwizard.in .