Anand Rathi Financial Services Limited has filed a disclosure concerning the creation of a pledge on equity shares of Anand Rathi Wealth Limited. This action was taken on May 29, 2026, and involves 33,78,000 shares, representing 4.07% of the total share capital of ARWL. The pledge serves as collateral with Yes Bank Limited, with 4,85,000 shares used for this purpose, accounting for 0.58% of the share capital.
Disclosure on Share Encumbrance Filed
Anand Rathi Financial Services Limited has formally submitted a disclosure regarding the encumbrance of shares as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The announcement details the creation of a pledge on equity shares held in Anand Rathi Wealth Limited. This significant transaction took place on May 29, 2026.
Details of the Encumbrance
The core of the disclosure centers on the pledge of shares, where Anand Rathi Financial Services Limited has encumbered 33,78,000 shares of Anand Rathi Wealth Limited. This quantity represents 4.07% of the total share capital of Anand Rathi Wealth Limited. The stated reason for this encumbrance is to act as collateral with another broker. Specifically, 4,85,000 shares were utilized for this collateral arrangement, which amounts to 0.58% of the total share capital of the target company. Following this event, Anand Rathi Financial Services Limited holds 38,63,000 shares, accounting for 4.65% of the total share capital.
Promoter Holdings Affected
The disclosure also provides a comprehensive breakdown of various promoter holdings and their respective share encumbrances. Notably, Anand Rathi Financial Services Limited, as a whole, has 1,50,88,758 shares, representing 18.17% of the total share capital. Other individual and entity holdings are also listed, with specific mentions of shares already encumbered and post-event holdings, indicating a detailed reporting of changes within the promoter group’s shareholding structure.
Key Dates and Parties Involved
The reporting date for this disclosure is June 2, 2026, with the actual creation of the encumbrance occurring on May 29, 2026. The primary entity involved in this transaction is Anand Rathi Financial Services Limited, and the encumbrance was made in favor of Yes Bank Limited.
Source: BSE
