Wardwizard Innovations & Mobility has announced that Wardwizard Solutions India Private Limited has released 15,00,000 pledged shares of the company, as disclosed in a recent regulatory filing. This development follows the full repayment of financial obligations and the subsequent closure of an associated loan agreement between the parties involved.

Key Details of the Share Release

Impact on Shareholding

The release of pledged shares has resulted in a change in Wardwizard Solutions' encumbered shareholding in Wardwizard Innovations & Mobility. Here's a breakdown of the changes:

It's important to note that while the encumbered shareholding has decreased, Wardwizard Solutions' total holding in Wardwizard Innovations & Mobility remains unchanged at 28,92,438 shares, representing 1.11% of the company.

Regulatory Compliance

The transaction was disclosed in compliance with the Securities and Exchange Board of India (SEBI) takeover regulations, demonstrating the company's commitment to transparency in its financial dealings.

This development may be of interest to investors and market analysts as it reflects a change in the financial obligations of Wardwizard Solutions India Private Limited. The release of pledged shares often indicates an improvement in the pledgor's financial position or a strategic decision regarding asset management.

Investors and stakeholders of Wardwizard Innovations & Mobility may want to monitor any potential market reactions to this news, as changes in pledged shares can sometimes impact market sentiment or trading patterns.

Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility , has successfully released the pledge on 30,00,000 equity shares, as disclosed in a recent regulatory filing. This significant development occurred on September 25, following the complete repayment of financial obligations associated with a credit facility.

Pledge Release Details

The shares, previously held by Luharuka Media and Infra Ltd. as a pledgee, were released after the closure of the related loan. This transaction has led to a notable decrease in Gupte's encumbered shareholding:

It's important to note that Gupte's total shareholding in Wardwizard Innovations & Mobility remains unchanged at 4,85,66,153 shares, representing 18.63% of the company's total equity share capital.

Company Share Capital

Wardwizard Innovations & Mobility's total equity share capital stands at Rs. 26,06,93,900, divided into 260,693,900 equity shares with a face value of Re. 1 each.

Regulatory Compliance

The pledge release was reported in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Gupte, in his capacity as a promoter, duly informed the BSE Limited and the company's board of directors about this transaction.

Promoter Group Holdings

The regulatory filing also revealed additional details about the promoter group's holdings:

• Wardwizard Solutions India Private Limited, identified as a Person Acting in Concert (PAC), holds 28,92,438 shares, accounting for 1.11% of the company's total share capital.

This pledge release demonstrates the promoter's commitment to reducing encumbrances on their shareholding, which could be viewed positively by investors and stakeholders of Wardwizard Innovations & Mobility.