Anand Rathi, a promoter of Anand Rathi Wealth Limited, has pledged 1,00,000 equity shares of the company. This action, executed on May 15, 2026, was undertaken to avail margin limits. The encumbered shares represent 0.12% of the total share capital, with the pledge placed in favour of Yes Bank Limited. The transaction is backed by a security cover valued at Rs 35,75,20,000 against an amount involved of Rs 30,62,51,600.
Details of the Share Pledge
On May 15, 2026, promoter Anand Rathi formalised a pledge of 1,00,000 equity shares of Anand Rathi Wealth Limited. This move brings the total encumbrance of the promoter group to 0.12% of the company’s total share capital. The shares have been pledged with Yes Bank Limited, a scheduled commercial bank, to facilitate margin limits required for the promoter’s financial activities.
Financial Backing and Asset Cover
The transaction is supported by a robust security cover. The total value of the pledged shares on the date of the agreement was recorded at Rs 35,75,20,000. The credit facility against which these shares were encumbered amounts to Rs 30,62,51,600, resulting in a security cover ratio of 1.17. This pledge is specifically related to the promoter’s requirement for margin limits and is not intended for the direct benefit of the listed company.
Promoter Shareholding Context
Following this transaction, the total promoter shareholding in Anand Rathi Wealth Limited stands at 82,76,890 shares, which accounts for 9.97% of the total share capital. The current encumbered shares represent 1.21% of the total promoter shareholding. The disclosure confirms that the pledge is not linked to any debt instruments such as debentures or commercial paper.
Source: BSE
