Anand Rathi Financial Services Limited (ARFSL) has reported the creation of a pledge on equity shares of Anand Rathi Wealth Limited (ARWL) as of March 4, 2026. The disclosure, submitted under SEBI regulations, confirms that 6,35,000 equity shares, constituting 0.76% of ARWL’s total share capital, were pledged. The primary reason cited for this encumbrance is to enable ARFSL to avail necessary Margin Limits.
Regulatory Disclosure of Share Pledge
Anand Rathi Financial Services Limited (ARFSL) submitted a mandatory disclosure to the stock exchanges regarding the creation of an encumbrance on its holding in Anand Rathi Wealth Limited (ARWL). The filing specifically covers disclosures required under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Encumbrance
The core event detailed in the filing is the creation of a Pledge on equity shares:
- Date of Creation: March 4, 2026.
- Number of Shares Encumbered: 6,35,000 shares.
- Percentage of Total Share Capital: 0.76%.
- Reason for Encumbrance: Anand Rathi Financial Services Limited pledged the said shares for availing the Margin Limits.
- Favored Entity: The shares were pledged in favor of Suresh Rathi Securities Private Limited, which is noted as a Non-Broking Firm.
Shareholding Context
The disclosure notes that ARFSL’s total promoter shareholding in ARWL stood at 1,65,34,758 shares, representing 19.92% of the total share capital prior to the event. The 6,35,000 shares pledged represent 0.76% of the total share capital, or 7.86% of the promoter’s shareholding when considering both earlier and current encumbrances.
Security Valuation Details
The filing provides valuation metrics as of the event date:
- Value of Shares (A): Rs. 199,99,00,750/-.
- Amount Involved (B): Rs. 175,99,12,660/-.
- Security Cover Ratio (A/B): 1.14.
Reporting Parties
The document confirms that the disclosure pertains to the promoter group, which includes Anand Rathi Financial Services Limited, along with several other related individual promoters and associated entities listed in the annexures.
Source: BSE
