The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 11, 2026 for Anand Rathi Financial Services Ltd
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Anand Rathi Financial Services Limited (ARFSL), the promoter of Anand Rathi Share and Stock Brokers Ltd, has disclosed two pledge-related transactions. On May 8, 2026, ARFSL released a pledge of 24,00,000 shares (3.83% of total share capital) that was held with Suresh Rathi Securities Private Limited, citing a reason to shift the custodian participant. The very next day (May 9, 2026), ARFSL created a fresh pledge on the same 24,00,000 shares (3.83%) with Yes Bank Limited for availing margin limits. ARFSL's total holding remains unchanged at 4,38,45,400 shares representing 69.90% of the company's share capital. This appears to be a routine re-pledging exercise where the pledge custodian was changed from one related entity to a bank.
No material impact on the stock or shareholder position — the promoter stake and encumbrance level remain unchanged at 69.90% and 3.83% respectively. This is an administrative re-pledging to shift the custodian from a related party to Yes Bank.