Anand Rathi IT Private Limited has issued a formal clarification regarding the disclosure of encumbered shares in Anand Rathi Wealth Limited. The company confirmed that following the invocation of 3 pledged shares on May 11, 2026, the total number of encumbered shares has been adjusted to 96,997. This update aligns the company’s records with exchange disclosures and confirms that the remaining encumbered shares are held in favor of Orbis Financial Corporation Limited.
Update on Share Encumbrance
Following a review of its regulatory disclosures, Anand Rathi IT Private Limited has rectified inconsistencies in its post-event holding data. The company clarified that it initially intimated a pledge of 97,000 shares on March 18, 2026. Subsequent to the invocation of 3 shares on May 11, 2026, the revised count of encumbered shares now stands at 96,997, representing approximately 0.11% of the total share capital of Anand Rathi Wealth Limited.
Clarification of Terms and Beneficiaries
The company provided further transparency regarding the nature of the encumbrance. It confirmed that the existing pledge was established to facilitate margin limits. Additionally, the company explicitly named Orbis Financial Corporation Limited as the entity in whose favor these shares are currently encumbered, ensuring full transparency regarding the collateral held against the credit facilities utilized by the promoter.
Promoter Holding Overview
As of the resubmission date on May 25, 2026, the promoter entity maintains a substantial stake in the target company. Following the recent invocation, the promoter’s holding in Anand Rathi Wealth Limited is 2,97,703 shares. This disclosure serves to align all public records and provides clarity to stakeholders regarding the current status of the promoter’s shareholding and associated encumbrances.
Source: BSE
