Mangalam Industrial Finance: Promoter Invokes Pledge of 9 Crore Shares

Mangalam Industrial Finance Limited has received formal disclosure from its promoter regarding the invocation of share pledge under SEBI regulations. The company's promoter, Wardwizard Solutions India Private Limited, has invoked pledge of 9,00,00,000 equity shares with DY Captive Projects LLP towards securing a Loan Against Securities facility.

Regulatory Filing Details

The disclosure was submitted to BSE Limited on March 17, 2026, by Director Sanjay Mahadev Gupte of Wardwizard Solutions India Private Limited. The filing was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge invocation was executed on March 13, 2026.

Parameter: Details Company Filing Date: March 17, 2026 Invocation Date: March 13, 2026 Regulation: SEBI Takeover Regulations 29(2) Scrip Code: 537800 Exchange: BSE Limited Filing Authority: Sanjay Mahadev Gupte (Director)

Pledge Invocation Transaction

Wardwizard Solutions India Private Limited has invoked the pledge of 9,00,00,000 equity shares in favor of DY Captive Projects LLP. The invocation was executed in accordance with the terms and conditions stipulated in the Deed of Share Pledge cum Loan Agreement between the parties to ensure fulfillment of financial obligations and adherence to agreed risk mitigation measures.

Transaction Details: Specifications Invoked Shares: 9,00,00,000 equity shares Percentage of Total Capital: 6.32% Pledgee: DY Captive Projects LLP Date of Invocation: March 13, 2026 Purpose: Loan Against Securities facility Mode: Invocation of Pledge

Shareholding Structure Impact

The regulatory filing reveals the updated shareholding structure following the pledge invocation. Post-invocation, Wardwizard Solutions India Private Limited's effective voting rights have reduced from 7.40% to 1.08%, while maintaining total shareholding of 10,55,20,496 shares. The invoked shares are now under the control of DY Captive Projects LLP as pledgee.

Shareholding Status: Before Invocation After Invocation Total Shares Held: 10,55,20,496 shares 10,55,20,496 shares Voting Rights: 7.40% 1.08% Encumbered Shares: 9,00,00,000 shares 0 shares Pledgee Control: - 9,00,00,000 shares

Promoter Group Holdings

The complete promoter group structure shows Wardwizard Solutions India Private Limited as part of a larger promoter consortium. The PAC (Person Acting in Concert) Mr. Yatin Sanjay Gupte holds 8,52,72,898 shares representing 5.98% of total share capital, which remains unaffected by the current pledge invocation.

Promoter Details: Shareholding Percentage Wardwizard Solutions (Effective): 1,55,20,496 shares 1.08% Yatin Sanjay Gupte (PAC): 8,52,72,898 shares 5.98% Total Promoter Group: 10,07,93,394 shares 7.06% Company Share Capital: ₹142,51,29,928 1,42,51,29,928 shares

The invocation represents the activation of previously created pledge arrangements, providing the pledgee with enhanced rights over the securities as per the financing agreement terms. The transaction maintains compliance with SEBI disclosure requirements under the substantial acquisition regulations.

Wardwizard Solutions India Private Limited has disclosed the sale of 39,61,817 equity shares in Mangalam Industrial Finance Limited on February 27, 2026. The transaction was conducted through open market sale and disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Official Regulatory Disclosure

The disclosure was formally communicated to BSE Limited on March 5, 2026, by Mangalam Industrial Finance Limited's Managing Director Venkata Ramana Revuru. The company filed the required documentation including Annexure-2 format as mandated by SEBI regulations for substantial shareholding changes.

Parameter: Details Shares Sold: 39,61,817 Transaction Date: February 27, 2026 Mode of Sale: Open Market Disclosure Date: March 3, 2026 Percentage Sold: 0.28%

Shareholding Pattern Changes

The transaction resulted in a reduction of Wardwizard Solutions' stake in Mangalam Industrial Finance Limited. The detailed shareholding pattern shows the impact on both individual and combined holdings with Person Acting in Concert Mr. Yatin Sanjay Gupte.

Holding Period: Wardwizard Solutions PAC: Yatin Gupte Combined Total Before Sale: 109,482,313 (7.68%) 85,272,898 (5.98%) 194,755,211 (13.66%) After Sale: 105,520,496 (7.40%) 85,272,898 (5.98%) 190,793,394 (13.38%)

Company Structure and Compliance

Mangalam Industrial Finance Limited is listed on BSE Limited with scrip code 537800. The company's equity share capital remains unchanged at Rs. 96,16,43,500 divided into 96,16,43,500 equity shares of Re. 1 each. The disclosure was signed by Director Yatin Sanjay Gupte (DIN: 07261150) on behalf of Wardwizard Solutions.

Regulatory Framework

The disclosure fulfills the requirements under SEBI regulations for substantial acquisition and takeover norms. Wardwizard Solutions, along with Person Acting in Concert Mr. Yatin Sanjay Gupte, belongs to the promoter group of the target company. The transaction maintains compliance with regulatory disclosure requirements for shareholding changes, with formal documentation submitted to both BSE Limited and the company's board of directors.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.