Wardwizard Innovations & Mobility Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Wardwizard Innovations & Mobility Limited's promoter, Yatin Sanjay Gupte, has pledged 0.49 Cr equity shares (1.88% of total share capital) to JJ Fincap Private Limited. This pledge was made to secure financial assistance through a credit facility. Consequently, the promoter's overall encumbered shareholding has increased from 10.86% (2.83 Cr shares) to 12.74% (3.32 Cr shares) of the company's total capital. This is a common practice for promoters seeking financing against their equity.