Anand Rathi Financial Services Limited has submitted a disclosure regarding the creation of a pledge on equity shares of Anand Rathi Wealth Limited. This encumbrance, effective June 8, 2026, involves 11,90,000 shares, representing 0.72% of the total share capital. The shares have been pledged with Suresh Rathi Securities Limited and Yes Bank Limited. This disclosure is made in accordance with SEBI regulations.
Disclosure of Share Encumbrance
Anand Rathi Financial Services Limited has officially notified the stock exchanges and the target company, Anand Rathi Wealth Limited, about the creation of an encumbrance on its equity shares. This disclosure, dated June 10, 2026, pertains to the pledge of shares held by the promoter, Anand Rathi Financial Services Limited.
Details of the Encumbrance
The encumbrance involves the creation of a pledge on 11,90,000 equity shares of Anand Rathi Wealth Limited. This represents 0.72% of the total share capital of the company. The pledge was created on June 8, 2026.
Pledge Details and Beneficiaries
The 11,90,000 shares have been pledged as collateral. Specifically, 76,56,000 shares (4.61% of total share capital) are pledged with Suresh Rathi Securities Limited. An additional 88,46,000 shares (5.33% of total share capital) are pledged with Yes Bank Limited. These pledges are part of a larger arrangement for collateral with brokers, indicating a shift in collateral providers.
Promoter Shareholding Context
As of the reporting date, Anand Rathi Financial Services Limited holds a total of 3,01,77,516 shares (18.17% of total share capital) in Anand Rathi Wealth Limited after a bonus issue. The previously encumbered shares are not related to this current encumbrance. The shareholding data for other shareholders is as of March 31, 2026, while the reporting entity’s shareholding reflects the bonus issue of June 4, 2026.
Reason for Encumbrance
The primary reason for this encumbrance is to provide collateral for availing Margin Limits. The pledged shares are currently being shifted to a new broker. The value of shares on the date of the event is approximately ₹208,80,93,000, with the amount involved being around ₹186,27,87,765, resulting in a ratio of 1.12.
Source: BSE
