Anand Rathi Financial Services Limited has disclosed the creation of a pledge on 9,70,000 Equity Shares of Anand Rathi Wealth Limited, representing 1.17% of the total share capital. This action was finalized on March 19, 2026. The encumbrance was created in favor of Bajaj Financial Securities Limited and Suresh Rathi Securities Private Limited. The primary reason cited for the pledge is to avail Margin Limits, with the security cover ratio calculated at 1.14.
Regulatory Disclosure of Share Encumbrance
Anand Rathi Financial Services Limited (ARFSL), a promoter entity of Anand Rathi Wealth Limited (ARWL), has formally notified the stock exchanges regarding the creation of a pledge on a portion of its holdings. This disclosure adheres to the requirements under SEBI regulations concerning substantial acquisition and takeover norms. The reporting date for this transaction is March 20, 2026, documenting an event that occurred on March 19, 2026.
Details of Encumbered Shares
ARFSL currently holds a total promoter shareholding of 1,65,34,758 shares, representing 19.92% of the total share capital of ARWL. The current encumbrance involves 9,70,000 shares, which equates to 1.17% of the total share capital. This amount is less than 50% of the promoter’s total holding and less than 20% of the total share capital.
Purpose and Beneficiaries of the Pledge
The specific reason cited for creating this encumbrance is for availing the Margin Limits by Anand Rathi Financial Services Limited. The pledge is established in favor of two entities:
- Bajaj Financial Securities Limited (4,85,000 shares, or 0.58% of total share capital).
- Suresh Rathi Securities Private Limited (4,85,000 shares, or 0.58% of total share capital).
The total amount involved against which the shares have been encumbered is Rs. 261,29,12,280/-.
Asset Cover Calculation
The valuation metrics confirm the security provided:
- Value of shares on the date of the agreement (A): Rs. 2969218500/-.
- Amount involved (B): Rs. 2612912280/-.
- The resulting Ratio of A/B (Security Cover) is 1.14, indicating that the value of the security cover exceeds the amount borrowed.
Overall Promoter Holding Post-Transaction
Following this creation of pledge, the post-event holding of encumbered shares for ARFSL shows that 22,70,000 shares are now encumbered, representing 2.73% of the total share capital. Other members of the promoter group, including Pradeep Kumar Gupta and Navratan Mal Gupta HUF, currently show no shares encumbered as part of this specific transaction.
Source: BSE
