Wardwizard Innovations & Mobility promoter Yatin Sanjay Gupte has submitted a revised disclosure to correct inconsistencies in previously reported share encumbrance details. The revision, dated August 25, 2025, addresses transactions that occurred between August 11-12, 2025, and aims to accurately reflect the current encumbrance status of the promoter's shareholding.

Key Details of the Revision

The revised disclosure highlights two significant transactions:

1. Pledge Release: On August 11, 2025, 21,36,402 shares pledged to Bikewin Trading Private Limited were released due to the repayment of a loan.

2. Pledge Invocation: A total of 6,10,926 shares pledged to Knab Finance Advisors Private Limited were invoked to secure shortfall margin. This occurred in two tranches:

   • 4,10,000 shares on August 11, 2025
   • 2,00,926 shares on August 12, 2025

Updated Shareholding Position

Following these transactions, Yatin Gupte's shareholding in Wardwizard Innovations & Mobility has been updated as follows:

Compliance and Transparency

The revised disclosure was submitted in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Gupte stated in the disclosure, "I have reviewed the earlier disclosure and noted the mismatch in the figures relating to encumbered shares, and post-event encumbrance. A revised disclosure has now been submitted to accurately reflect the current encumbrance details."

This correction ensures that investors and regulatory bodies have access to accurate information regarding the promoter's shareholding and encumbrance status in Wardwizard Innovations & Mobility.

The company's total equity share capital remains unchanged at Rs. 26,06,93,900, divided into 260,693,900 equity shares of Re. 1 each.

Wardwizard Innovations & Mobility, listed on the BSE, continues to maintain transparency in its promoter shareholding disclosures, adhering to regulatory requirements and ensuring that the market has access to up-to-date and accurate information.

Wardwizard Innovations & Mobility , a key player in the electric vehicle (EV) industry, has announced a strategic partnership with Battery Smart to develop swappable battery technology for the EV market. This collaboration marks a significant step towards advancing EV infrastructure in India.

Advancing EV Infrastructure

The partnership between Wardwizard Innovations & Mobility and Battery Smart is set to focus on developing innovative battery swapping solutions. This technology allows EV users to quickly exchange depleted batteries for fully charged ones, potentially addressing one of the major concerns in EV adoption - charging time and range anxiety.

Swappable Battery Technology

Swappable battery technology offers several advantages for EV users:

• Reduced Charging Time: Instead of waiting for batteries to charge, users can simply swap them out in minutes.
• Extended Range: By easily exchanging batteries, EVs can potentially travel longer distances without long charging stops.
• Lower Initial Costs: Swappable batteries could potentially reduce the upfront cost of EVs by allowing batteries to be leased rather than purchased outright.

Impact on EV Market

This collaboration between Wardwizard Innovations & Mobility and Battery Smart could have far-reaching implications for the Indian EV market:

1. Accelerated Adoption: By addressing charging concerns, this technology could encourage more consumers to switch to electric vehicles.
2. Infrastructure Development: The partnership may lead to the establishment of battery swapping stations, further expanding EV infrastructure.
3. Technological Innovation: This initiative could spur further advancements in battery technology and EV design.

As the EV market in India continues to grow, partnerships like this one between Wardwizard Innovations & Mobility and Battery Smart are likely to play a crucial role in shaping the future of sustainable transportation. The development of swappable battery technology represents a significant step forward in making electric vehicles more practical and accessible for a wider range of consumers.