Anand Rathi Financial Services Limited has issued a re-submission of its disclosure regarding the encumbrance of equity shares. An operational error at the broker’s end led to an incorrect report on May 21, 2026. The company clarifies that an actual release of 5,60,000 shares from SRSPL did not occur; instead, Government Securities were released while the pledge to Yes Bank was validly executed. The corrected total pledged balance is now 44,23,000 shares.
Correction to Share Encumbrance Disclosure
Anand Rathi Financial Services Limited has submitted a revised disclosure concerning the encumbrance of equity shares of Anand Rathi Wealth Limited. This follows an earlier disclosure made on May 21, 2026, which has now been corrected due to an inadvertent operational error by the broker.
Details of the Error and Correction
The initial disclosure reported the release of 5,60,000 pledged shares from SRSPL and the new pledging of 5,60,000 shares with Yes Bank, resulting in an unchanged closing pledged balance of 38,63,000 shares. However, it has been identified that the intended release of pledged equity shares did not occur. Instead, Government Securities (G-Secs) were released, while the pledge to Yes Bank was validly executed.
Revised Share Pledging Status
In effect, no release of 5,60,000 pledged shares from SRSPL took place, and only the creation of a pledge of 5,60,000 shares in favour of Yes Bank was validly executed. The correct pledged share position is as follows:
- Already encumbered shares as on May 20, 2026: 38,63,000 shares
- Addition – Pledge created with Yes Bank: 5,60,000 shares
- Net closing pledged balance (Correct): 44,23,000 shares
The company emphasizes that this error was purely inadvertent and operational, pertaining solely to the reporting of encumbrance balances. This revised disclosure is submitted under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Annexure Details
The attached Annexure-I provides a detailed breakdown of shareholding and encumbrances for various promoters and PACs. Anand Rathi Financial Services Limited (ARFSL) holds 1,65,34,758 shares, representing 19.92% of the total share capital. As of the reporting date, ARFSL had 38,63,000 shares encumbered, which is 4.65% of its total shareholding and 0.67% of the total share capital of ARWL.
Subsequent to the operational error correction, the new encumbrance details show that 5,60,000 shares of ARFSL were pledged with Yes Bank Limited, increasing the total encumbered shares to 44,23,000, representing 5.33% of the total share capital.
Annexure-II further elaborates on the reasons for the encumbrance, indicating that the pledge of 5,60,000 shares with Yes Bank, amounting to 0.67% of the total share capital, was made for availing Margin Limits. The value of shares on the date of the event was Rs. 199,73,52,000/-, with an amount involved of Rs. 178,18,37,719/-, resulting in a ratio of 1.12.
Company Endorsement
The disclosure is made on behalf of Anand Rathi Financial Services Limited, with Divyani Shah, Company Secretary (Mem. No. A49954), providing the necessary endorsement. The report is dated June 9, 2026.
Source: BSE
