Aqua Proof Wall Plast Private Limited has filed a mandatory disclosure regarding the creation of an encumbrance on its shares of Anand Rathi Wealth Limited (ARWL). On March 11, 2026, the promoter group entity pledged 1,00,000 equity shares, representing 0.1205% of ARWL’s total capital. The pledge was made in favor of Bajaj Financial Securities Limited to avail margin limits, with the security cover ratio calculated at 1.20.
Mandatory Pledge Disclosure by Promoter Group
Aqua Proof Wall Plast Private Limited, acting as part of the Promoter Group, has submitted the required disclosure concerning the encumbrance of its holdings in Anand Rathi Wealth Limited (ARWL). The reporting date for this activity is March 13, 2026.
The total promoter shareholding in ARWL prior to this event was 1,24,702 shares, equating to 0.1502% of the total capital. The disclosure confirms that the encumbered shares now represent 99.838% of the promoter’s total shareholding in ARWL.
Details of Encumbrance Creation
The specific event detailed in the filing relates to the creation of a pledge, which took place on March 11, 2026.
- Shares Pledged: 1,00,000 shares were pledged.
- Percentage of Capital: This represents 0.1205% of ARWL’s total share capital.
- Beneficiary: The pledge was executed in favor of Bajaj Financial Securities Limited.
- Reason: The shares were pledged for the purpose of availing Margin Limits.
- Post-Event Holding: Following the pledge, the encumbered holding of Aqua Proof Wall Plast Private Limited in ARWL stands at 1,24,500 shares (0.150% of total capital), though the document shows a discrepancy where 1,00,000 shares were created against a larger base, resulting in a final figure of 1,24,500 shares being held as encumbered after this specific event.
Financial Security Metrics
The disclosure provides key financial figures related to the security provided:
- Value of Shares (A): Rs.7,72,30,125/- on the date of the agreement.
- Amount Borrowed (B): Rs.6,41,00,000/-.
- Security Cover Ratio (A/B): Calculated at 1.20.
The end use of the borrowed amount specified is (a) Any other reason, confirming the utilization was strictly for availing the Margin Limits by Aqua Proof Wall Plast Private Limited, and not for personal use by promoters or for the benefit of the listed company.
Source: BSE
