Anand Rathi Share and Stock Brokers Limited has informed the Exchange about Initiation of Forensic Audit
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Anand Rathi Share and Stock Brokers has appointed Ernst & Young LLP to conduct a forensic audit, following up on an earlier disclosure dated February 6, 2026. The audit is to independently examine alleged offences of fraud, cheating, and fabrication of documents/electronic records in the company's Depository activities (not its broking business). The matter involves off-market transfers of shares worth approximately Rs. 13 crores from the Demat account of a Pune-based client. The company has emphasized that the issue is limited to depository services and does not affect its core broking operations.
Negative short-term sentiment likely as a confirmed fraud event in depository activities could raise governance concerns and invite regulatory scrutiny. However, the company has proactively disclosed and engaged a reputed auditor, which may help contain reputational damage if the scope remains confined to depository services.