Anand Rathi Financial Services Limited, a promoter of Anand Rathi Wealth Limited, has disclosed the creation of a pledge over 5,60,000 shares of the company. This encumbrance, amounting to approximately 0.67% of the total share capital, was finalized on May 20, 2026. The shares are pledged with Yes Bank Limited to facilitate margin limits for the promoter entity, as part of their broader financial management strategies.
Encumbrance Details
The disclosure confirms that Anand Rathi Financial Services Limited has pledged 5,60,000 equity shares of Anand Rathi Wealth Limited. This transaction represents 0.67% of the listed company’s total share capital. As of the disclosure date, the total promoter shareholding stands at 1,65,34,758 shares, which accounts for 19.92% of the total share capital of the entity.
Purpose of the Pledge
The encumbrance was created on May 20, 2026, with Yes Bank Limited serving as the pledgee. According to the filing, the pledged shares are valued at Rs. 199,73,52,000, while the amount involved against the encumbrance is Rs. 178,18,37,719, resulting in a security cover ratio of 1.12. The promoter entity stated that the primary purpose of this arrangement is to avail necessary Margin Limits for its operations.
Summary of Promoter Holdings
Following this transaction, the encumbered shares represent 23.36% of the total promoter shareholding in Anand Rathi Wealth Limited. The company has confirmed that this pledge does not involve debt instruments such as debentures or commercial paper, and the current encumbrance remains below the 50% threshold of promoter shareholding and the 20% threshold of total share capital, as stipulated by the company’s internal reporting metrics.
Source: BSE
