Wardwizard promoter group unpledges significant equity shares

Wardwizard Innovations & Mobility Limited announced on October 11, 2025, the revocation and release of 1,500,000 equity shares previously pledged by Luharuka Media and Infra Ltd. This action, initiated by Wardwizard Solutions India Private Limited, a promoter group entity, significantly alters the encumbered shareholding.

The release of these shares, equivalent to 0.58% of the total share capital, stems from the full repayment of financial obligations associated with the underlying credit facility agreement. Following this event, the total encumbered shares for Wardwizard Solutions India Private Limited have decreased from 2,072,926 to 572,926, representing 0.22% of the total share capital.

The disclosure, made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, highlights a positive development for the promoter group's financial standing, as it reduces the proportion of their holdings that are encumbered.