Anand Rathi Financial Services Limited (ARFSL), a promoter entity of Anand Rathi Wealth Limited (ARWL), filed a mandatory disclosure regarding the creation of a pledge on its shares. On March 4, 2026, 6,35,000 shares (representing 0.76% of ARWL’s total share capital) were pledged. The purpose cited for this encumbrance was for availing Margin Limits for ARFSL. The filing was submitted to the stock exchanges on March 5, 2026.
Mandatory Promoter Disclosure Filed
Anand Rathi Financial Services Limited (ARFSL), acting as a promoter entity, has officially informed the stock exchanges about the creation of an encumbrance on its holdings in Anand Rathi Wealth Limited (ARWL), as mandated by relevant regulations.
Details of Share Encumbrance
The reporting date for this disclosure is March 5, 2026. The specific event detailed is the creation of a Pledge on the equity shares of ARWL. The details are as follows:
- Date of Creation: March 4, 2026.
- Shares Encumbered: 6,35,000 shares.
- Percentage of Total Share Capital: 0.76%.
- Total Promoter Holding (Pre-Event): ARFSL held 1,65,34,758 shares, constituting 19.92% of the total capital.
- Post-Event Holding: After the creation of the pledge, the remaining unencumbered shares held by ARFSL amount to 13,00,000 shares, or 1.57% of the capital.
Reason for Pledge
The stated reason for pledging the 6,35,000 shares was explicitly for availing the Margin Limits by Anand Rathi Financial Services Limited.
Valuation and Security
The disclosure provided critical financial metrics related to the security cover:
- Value of Shares (Date of Agreement): Rs. 199,99,00,750/-.
- Amount Involved (Against Encumbered Shares): Rs. 175,99,12,660/-.
- Security Cover Ratio (A/B): 1.14.
Beneficiary of the Pledge
The shares were pledged in favour of Suresh Rathi Securities Private Limited, which is identified as a Non-Broking Firm.
Other Promoter Holdings Noted
The filing also provided a comprehensive breakdown of the combined holdings of the entire promoter group, noting significant individual holdings by members such as Pradeep Kumar Gupta and various related entities, though these other holdings were not directly affected by the pledge described in Annexure I.
Source: BSE
