Anand Rathi Financial Services Limited has filed a disclosure regarding the creation of a pledge on equity shares of Anand Rathi Wealth Limited. The disclosure, dated June 10, 2026, details the encumbrance of 11,90,000 shares on June 8, 2026. These shares represent 0.72% of Anand Rathi Wealth Limited’s total share capital. The pledge was made with Suresh Rathi Securities Limited as collateral for margin limits, which are now being shifted to another broker.
Encumbrance Disclosure Filed
Anand Rathi Financial Services Limited has submitted a formal disclosure to the stock exchanges and the target company, Anand Rathi Wealth Limited. This disclosure pertains to the creation of an encumbrance on equity shares held by Anand Rathi Financial Services Limited in Anand Rathi Wealth Limited. The filing is in accordance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Details of Encumbrance
The encumbrance, specifically a pledge, was created on June 8, 2026. A total of 11,90,000 equity shares of Anand Rathi Wealth Limited have been encumbered. These shares represent 0.72% of the total share capital of Anand Rathi Wealth Limited.
The pledge was executed in favor of Suresh Rathi Securities Limited. The total value of the shares involved on the date of the event was Rs. 208,80,93,000/-, with the amount involved against which shares have been encumbered being Rs. 186,27,87,765/-. The ratio of A/B stands at 1.12.
Reason for Encumbrance
The primary reason cited for this encumbrance is the availing of Margin Limits by Anand Rathi Financial Services Limited. The document states that the collateral is now being shifted to another broker. The borrowed amount is to be utilized for purposes other than personal use by promoters and PACs or for the benefit of the listed company, falling under the ‘Any other reason’ category as specified in the disclosure format.
Shareholding Information
Post the creation of this encumbrance, the number of shares held by Anand Rathi Financial Services Limited in Anand Rathi Wealth Limited is 3,01,77,516, representing 18.17% of the total share capital after a bonus issue. Prior to this encumbrance, 88,46,000 shares (5.33% of total share capital) were already encumbered.
The disclosure also highlights shareholding and encumbrance data for other shareholders as of March 31, 2026, and the reporting entity’s shareholding post a bonus issue on June 4, 2026.
Source: BSE
