Wardwizard mobility promoter releases pledged shares, signaling confidence

Yatin Sanjay Gupte, promoter of Wardwizard Innovations and Mobility, announced the revocation of a pledge on 80,000 equity shares held in the company by Bikewin Trading Private Limited. This release, executed on August 2, 2025, follows the full repayment of financial obligations and closure of the associated loan, reducing the percentage of encumbered shares from 10.86% to 10.83%. The disclosure, which was delayed due to the pledgor not receiving timely notification from the lender, underscores financial strengthening and improved liquidity for the promoter.

This development aligns with the company's Q1 FY26 investor presentation, highlighting robust growth. Wardwizard reported a Q1 FY26 total income of ₹36.89 crore, with a net profit of ₹1.12 crore, translating to a 3.03% net profit margin. Strategic initiatives for Q1 FY26 included the dispatch of 2,592 two-wheelers and 11 three-wheelers, along with the rollout of an investor presentation detailing market opportunities and a strong growth trajectory.