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, the promoter of Anand Rathi Wealth Limited, has disclosed the release of a pledge on 4,85,000 shares (0.58% of total share capital). The shares were previously pledged with Bajaj Financial Securities Limited, a broking firm, to avail margin trading limits. The promoter has now revoked this pledge as the collateral is being shifted to another broker. The total promoter shareholding stands at 1,65,34,758 shares representing 19.92% of the company's total share capital. The encumbered shares currently represent 20.43% of promoter shareholding, which is below the 50% threshold requiring higher disclosure norms.
The pledge release is a routine administrative action as the promoter shifts collateral between brokers. This does not indicate any change in promoter stake or any financial distress. The company's shares remain largely unencumbered at below 4% of total capital, which is a positive signal for minority shareholders.