Anand Rathi, a promoter of Anand Rathi Wealth Limited, has pledged 1,00,000 equity shares of the company. This transaction, executed on May 15, 2026, was undertaken to avail margin limits. The encumbered shares represent 0.12% of the total share capital. The security cover for this arrangement is valued at Rs 35.75 crore, against an amount involved of Rs 30.62 crore.
Details of the Share Pledge
Anand Rathi, acting in his capacity as a promoter, has formally encumbered 1,00,000 shares of Anand Rathi Wealth Limited. This pledge was created on May 15, 2026, in favor of Yes Bank Limited. The action specifically aims to utilize the funds for personal requirements, specifically to avail margin limits, as outlined in the disclosure.
Financial Context and Security Coverage
The transaction involves a total of 1,00,000 shares, accounting for 0.12% of the company’s total share capital. To ensure the financial stability of the arrangement, the pledged shares provide a security cover of Rs 35.75 crore against the sanctioned amount of Rs 30.62 crore, resulting in a healthy security coverage ratio of 1.17. The promoter currently maintains a total shareholding of 82,76,890 shares in the company.
Source: BSE
