Anand Rathi Share and Stock Brokers Limited has informed the Exchange Intimation of Postal Ballot Notice and e-voting Schedule.
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Anand Rathi Share and Stock Brokers Limited (ARSSBL) has issued a Postal Ballot Notice dated February 26, 2026 seeking shareholder approval on three resolutions through remote e-voting. Resolution 1 seeks approval for material related party transactions with its holding company, Anand Rathi Financial Services Limited (ARFSL), for FY 2026-27, capped at Rs. 69,681.40 lakhs, covering items like loans, brokerage, interest, and purchase of debentures. Resolution 2 seeks similar approval for related party transactions with group company Anand Rathi Global Finance Limited (ARGFL), capped at Rs. 68,006 lakhs for FY 2026-27. Resolution 3 is a Special Resolution to re-appoint Mr. Pradeep Navratan Gupta (DIN: 00040117) as Managing Director for three years from March 1, 2026 to February 28, 2029, with maximum remuneration of Rs. 21 crore per annum. E-voting will run from March 2, 2026 (9:00 AM) to March 31, 2026 (5:00 PM), with the cut-off date being February 25, 2026. CS Mannish L. Ghia has been appointed as the scrutinizer and MUFG Intime India as the e-voting agency.
Shareholders of ARSSBL should review and vote on these resolutions, as the two related party transaction approvals enable the broker to continue business dealings with its group entities worth over Rs. 13,700 crores combined. The MD re-appointment with a Rs. 21 crore annual pay package provides leadership continuity but requires a special majority to approve, given the remuneration may exceed statutory limits under Section 197 of the Companies Act.