Wardwizard Innovations & Mobility Limited, a key player in the electric mobility sector, has officially disclosed that promoter Yatin Sanjay Gupte has created a pledge of 50,00,000 equity shares of the company in favour of Mr. Yoginkumar Ashokbhai Patel. This pledge was created on 9th September 2025 and reported to the BSE in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The pledged shares are part of the promoter’s holding in Wardwizard Innovations & Mobility Limited. Prior to the pledge, the promoter, along with Persons Acting in Concert (PAC), held a combined total of 51,458,591 shares, representing 19.74% of the company’s total share capital. After the creation of the pledge, the promoter’s encumbered shares increased to 38,201,729, accounting for 14.65% of the total shareholding.

This transaction forms part of the promoter’s financial planning and does not involve any transfer of ownership or voting rights. The share capital of the company before and after the pledge remains unchanged at Rs. 26,06,93,900, divided into 260,693,900 equity shares of Re. 1/- each. The creation of the pledge has been disclosed as part of regulatory compliance to ensure transparency and adherence to SEBI guidelines.

The pledge is a standard practice that allows promoters to raise funds while retaining ownership and control of the company. It has been clearly stated that no voting rights have been transferred or sold as part of this pledge, and the transaction was conducted through a private arrangement between the promoter and the pledgee, Yoginkumar Ashokbhai Patel.

The disclosure, signed by Jaya Ashok Bhardwaj, Company Secretary and Compliance Officer, and by the promoter Yatin Sanjay Gupte, ensures that all stakeholders and regulatory authorities are aware of changes in the encumbrance status of promoter shares. This maintains transparency for investors and aligns with the company’s commitment to corporate governance.

Wardwizard Innovations & Mobility Limited continues to monitor and disclose all significant transactions by promoters to the stock exchanges, ensuring that investors have up-to-date information on shareholding patterns, pledges, and substantial acquisitions. Such practices strengthen investor confidence and promote trust in the company’s governance framework.

The company has provided detailed information on shareholding before and after the pledge, including shares carrying voting rights, total encumbered shares, and the total diluted share capital. The promoter’s holding remains 18.63% of the company’s total share capital, highlighting that control over the company has not changed despite the pledge.

This pledge transaction demonstrates the regulatory compliance and transparency that Wardwizard Innovations & Mobility maintains in all corporate and financial activities. Investors and market participants can access this information via BSE filings and ensure that their investment decisions are informed by accurate and up-to-date disclosures.

By creating this pledge, the company’s promoter has efficiently utilized his shareholding to raise funds, while ensuring full regulatory compliance under SEBI (SAST) Regulations. The disclosure reinforces the company’s proactive approach to corporate governance and transparent shareholder communication.

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