Wardwizard Innovations & Mobility Limited , a prominent player in the electric vehicle industry, has reported significant changes in the pledged shares of its promoter, Yatin Sanjay Gupte. The company disclosed two separate transactions involving pledge invocation and release, impacting a total of 1,29,90,000 equity shares.

Pledge Invocation

On August 18, 2025, Knab Finance Advisors Private Limited invoked a pledge on 2,00,000 equity shares held by Yatin Sanjay Gupte. This invocation was necessitated to cover a shortfall in the required margin for a Loan Against Securities facility. The invoked shares represent 0.08% of the company's total share capital.

Pledge Release

In a separate transaction on August 21, 2025, Radhamani India Limited released a pledge on 1,27,90,000 equity shares held by Gupte. This release followed the clearing of all outstanding dues and full repayment of financial obligations associated with the credit facility. The released shares account for 4.91% of the company's total share capital.

Impact on Promoter Shareholding

Following these transactions, Yatin Sanjay Gupte's total shareholding in Wardwizard Innovations & Mobility Limited stands at 3,57,76,153 shares, representing 13.72% of the company's total share capital. Of this, 2,95,43,929 shares, or 11.33% of the total share capital, remain encumbered.

Promoter Group Holdings

The disclosure also provided insights into the holdings of other promoter group entities:

The company has duly reported these changes to the BSE Limited, adhering to the regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

This development highlights the dynamic nature of promoter shareholdings and the various financial arrangements that can impact a company's ownership structure. Investors and market watchers will likely keep a close eye on any further changes in the promoter's pledged shares, as such movements can sometimes indicate the financial health and stability of key stakeholders.

Wardwizard Innovations & Mobility promoter Yatin Sanjay Gupte has reported substantial changes in his pledged shareholdings, as disclosed in recent filings with the BSE.

Pledge Invocation and Release

On August 18, Knab Finance Advisors Private Limited invoked 2,00,000 shares to cover a shortfall in the required margin for a Loan Against Securities facility. This move was executed in accordance with the terms and conditions stipulated in the Loan Against Shares agreement.

In a separate transaction on August 21, Radhamani India Limited released 1,27,90,000 shares following the full repayment of all outstanding dues and financial obligations under their credit facility agreement.

Current Shareholding Status

Following these transactions, Yatin Sanjay Gupte's total shareholding in Wardwizard Innovations & Mobility stands at 3,59,76,153 shares, representing 13.80% of the company's total share capital. Of this, 2,97,43,929 shares (11.41%) remain encumbered.

Previous Pledge Activities

The recent changes follow a series of pledge-related activities reported earlier in August:

• On August 11, Bikewin Trading Private Limited released 21,36,402 shares after the clearance of all outstanding dues on a Loan Against Securities facility.
• On the same day, Knab Finance Advisors Private Limited invoked a pledge on 4,10,000 shares to secure a shortfall margin.
• On August 12, Knab Finance Advisors Private Limited further invoked a pledge on 2,00,926 shares, also to secure a shortfall margin.

Promoter Group Holdings

The filings also reveal holdings of other promoter group entities:

These recent changes in share pledging highlight the dynamic nature of promoter holdings and financial arrangements in Wardwizard Innovations & Mobility. Investors and market watchers will likely keep a close eye on any further developments in the company's shareholding pattern.