The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
ANANDRATHI · price
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Anand Rathi Financial Services Limited (promoter holding 19.92% stake in Anand Rathi Wealth) disclosed a reshuffling of pledged shares. A total of 16,50,000 shares (1.99% of total capital) were released from pledge with Orbis Financial Corporation Limited, and subsequently 8,30,000 shares (1% of total capital) were re-pledged with Yes Bank Limited. This was described as a 'shifting of custodian participant' for availing margin limits. The total encumbered shares stand at 18.40% of promoter shareholding, which is below the 50% threshold. The value of shares involved is Rs. 299.77 crore against an amount of Rs. 263.80 crore, giving a security cover ratio of 1.14x.
This is a routine reshuffling of pledged shares between financial institutions with no material change in promoter stake or encumbrance levels. The encumbrance at 18.40% of promoter holding remains well below the 50% regulatory threshold, indicating no immediate concern for shareholders.