Anand Rathi Wealth Limited announced the successful passing of Special and Ordinary Resolutions through a remote e-voting process concluding on February 15, 2026. Key approvals include the re-appointment of Mr. Rakesh Rawal as Whole-time Director and CEO, and the appointments of three Non-Executive Independent Directors: Mr. Debasish Panda, Mr. Adesh Kumar Gupta, and Ms. Deena Asit Mehta. Furthermore, shareholders approved material related party transactions with group entities, Anand Rathi Global Finance Limited and Anand Rathi Financial Services Limited, up to ₹8,000 Crores and ₹3,500 Crores, respectively, for FY 2026-27.
Outcome of Remote E-Voting Process
Anand Rathi Wealth Limited has confirmed that the Special and Ordinary Resolutions proposed via Postal Ballot Notice dated January 12, 2026, were passed by the requisite majority on February 15, 2026. The e-voting period ran from January 17, 2026, to February 15, 2026. The results were based on the Scrutinizer’s Report dated February 16, 2026.
Board Appointments Confirmed
Shareholders provided approval for several key director appointments and re-appointments:
Resolution 1: Re-appointment of Whole-time Director
A Special Resolution was passed approving the re-appointment of Mr. Rakesh Rawal (DIN: 02839168) as the Whole-time Director and CEO. This appointment is effective from April 1, 2026, up to March 31, 2029, on terms mutually agreed upon by the Board and Mr. Rawal.
Resolution 2: Appointment of Independent Director
A Special Resolution approved the appointment of Mr. Debasish Panda (DIN: 06479085) as a Non-Executive Independent Director for a term of five consecutive years, commencing from January 12, 2026, up to and including January 11, 2031.
Resolution 3: Appointment of Independent Director
A Special Resolution approved the appointment of Mr. Adesh Kumar Gupta (DIN: 00020403) as a Non-Executive Independent Director for a term of five consecutive years, commencing from January 12, 2026, up to and including January 11, 2031.
Resolution 4: Appointment of Independent Director
A Special Resolution approved the appointment of Ms. Deena Asit Mehta (DIN: 00168992) as a Non-Executive Independent Director for a term of five consecutive years, commencing from January 12, 2026, up to and including January 11, 2031.
Approval of Material Related Party Transactions (RPTs)
The shareholders also accorded approval to the Board for entering into material related party transactions for the Financial Year 2026-27, based on the recommendations of the Audit Committee and the Board.
Resolution 5: RPT with Anand Rathi Global Finance Limited (ARGFL)
An Ordinary Resolution was passed approving RPTs with Anand Rathi Global Finance Limited (‘ARGFL’), aggregating up to ₹8,000 Crores (Rupees Eight Thousand Crores Only) per annum, with estimated revenue of approximately ₹640 Crores. The nature of the transaction is the purchase of Debentures or securities.
Resolution 6: RPT with Anand Rathi Financial Services Limited (ARFSL)
An Ordinary Resolution was passed approving RPTs with Anand Rathi Financial Services Limited (‘ARFSL’), the promoter, aggregating up to ₹3,500 Crores (Rupees Three Thousand Five Hundred Crores Only) per annum, with estimated revenue of approximately ₹240 Crores. This transaction involves the purchase and/or sale of Debentures or securities.
Authorizations Granted
In all approved resolutions, the Board of Directors and Key Managerial Personnel are authorized to take all necessary steps, finalize terms and conditions, execute necessary documentation, and seek requisite approvals to ensure the successful implementation of these resolutions.
This intimation was provided by Pravin Jogani, Company Secretary & Compliance Officer, on February 16, 2026.
Source: BSE
