Anand Rathi Financial Services Limited has disclosed details regarding the encumbrance of its promoter shares. The company reported that 23.36% of promoter shareholding is currently encumbered. A significant portion, 3,25,000 shares (0.39% of total share capital), was pledged with Yes Bank Limited. The encumbrance is due to availing margin limits, with the collateral now being shifted to another broker. The release date for this encumbrance is set for May 22, 2026.
Promoter Share Encumbrance Details
Anand Rathi Financial Services Limited has provided a detailed disclosure concerning the encumbrance of its promoter shares. The total promoter shareholding in the listed company amounts to 1,65,34,758 shares, representing 19.92% of the total share capital. As of the disclosure date, 23.36% of this promoter shareholding is encumbered. The company has confirmed that this encumbrance is not related to any debt instruments like debentures or commercial papers.
Nature and Scope of Encumbrance
The primary form of encumbrance noted is a pledge. Specifically, 3,25,000 shares have been pledged, which constitutes 0.39% of the total share capital. These shares have been pledged in favour of Yes Bank Limited, which is identified as a scheduled commercial bank. The encumbrance is for the purpose of availing margin limits, and the collateral is currently being shifted to another broker. The existing agreements and covenants pertaining to this encumbrance are scheduled for release on May 22, 2026.
Financial Implications of Encumbrance
The value of shares on the date of the event/agreement serving as security cover is ₹116,85,70,000/-. The amount involved against which these shares have been encumbered is ₹104,24,81,297/-, resulting in a ratio of A/B of 1.12. The borrowed amount is intended for purposes other than personal use by promoters or for the direct benefit of the listed company, as specified by the ‘any other reason’ clause.
Supporting Entities and Agreement Details
The agreement involves Anand Rathi Wealth Limited and Anand Rathi Financial Services Limited as related entities. The broader agreement scope includes listed company and its group companies. The specific reason for the encumbrance is stated as: “Any other reason – Anand Rathi Financial Services Limited pledged the said shares for availing the Margin Limits and now the collateral is being shifted to another broker.”
Source: BSE
