Anand Rathi Financial Services Limited has disclosed a pledge of 8,20,000 shares of Anand Rathi Wealth Limited, representing 0.99% of the total share capital. The encumbrance was created on May 13, 2026, in favor of Yes Bank Limited to avail margin limits. The total promoter shareholding stands at 19.92%, with the current encumbered portion accounting for 23.36% of the total promoter holdings.
Encumbrance Details
On May 13, 2026, Anand Rathi Financial Services Limited executed a pledge agreement involving 8,20,000 shares of the listed entity, Anand Rathi Wealth Limited. This transaction accounts for approximately 0.99% of the total paid-up share capital of the company. The shares have been pledged in favor of Yes Bank Limited, a scheduled commercial bank.
Financial Context and Purpose
The total promoter shareholding in Anand Rathi Wealth Limited is 1,65,34,758 shares, comprising 19.92% of the total share capital. Following this event, the total encumbered shares represent 23.36% of the overall promoter shareholding. The company has clarified that this pledge was undertaken to avail margin limits.
Asset Valuation
The pledged assets carry a significant valuation, with the value of the shares on the date of the agreement recorded at Rs. 2,89,44,26,000/-. The amount involved against which these shares were encumbered is Rs. 2,54,71,03,680/-, resulting in a security cover ratio of 1.25.
Source: BSE
