Anand Rathi Financial Services Limited (ARFSL) has formally disclosed the creation of a pledge on its equity shares of Anand Rathi Wealth Limited (ARWL). The pledge, effective March 19, 2026, covers 9,70,000 shares, representing 1.17% of the total share capital. The purpose of this encumbrance is stated as availing Margin Limits for ARFSL. This disclosure fulfills the regulatory requirement under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Regulatory Disclosure on Share Pledge
Anand Rathi Financial Services Limited (ARFSL), a promoter of Anand Rathi Wealth Limited (ARWL), submitted a formal disclosure regarding the encumbrance of ARWL equity shares to the stock exchanges on March 20, 2026. This action pertains to the creation of a pledge under Regulation 31(1) and 31(2) of the relevant SEBI takeover regulations.
Details of Encumbrance 1
The primary event detailed in the disclosure is the creation of a Pledge, effective on March 19, 2026. The specifics of this encumbrance are as follows:
- Shares Encumbered: 9,70,000 shares, equating to 1.17% of ARWL’s total share capital.
- Favoured Entity: The pledge has been made in favour of Bajaj Financial Securities Limited and Suresh Rathi Securities Private Limited, both classified as Non-Broking Firms.
- Reason for Encumbrance: ARFSL pledged these shares specifically for availing the Margin Limits.
Total Promoter Shareholding Context
Following this creation, ARFSL’s total promoter shareholding in ARWL remains substantial. Prior to this event, the total promoter shareholding was 1,65,34,758 shares, representing 19.92% of the total share capital. The encumbered shares represent 13.73% of ARFSL’s total promoter shareholding (both earlier and current encumbrances considered). The Asset Cover Ratio (Security Cover/Asset Cover) for this specific pledge is calculated at 1.14, based on an asset value of approximately Rs. 2969.2185 million against an amount involved of approximately Rs. 2612.9122 million.
Other Promoter Holdings
The disclosure also maps the holdings of other associated parties within the promoter group. Anand Rathi holds 82,76,890 shares (9.97%), and Pradeep Kumar Gupta holds 36,75,684 shares (4.43%). The annexures provide a detailed breakdown of various entities linked to the promoter group and their respective holdings and any prior encumbrances.
The document was authorized by Divyani Shah, Company Secretary for Anand Rathi Financial Services Limited, and dated March 20, 2026.
Source: BSE
