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 creation of a pledge on 3,25,000 shares (0.39% of total share capital). The shares are pledged with Yes Bank Limited for availing margin limits, and the collateral is being shifted to another broker. The total value of shares is Rs. 116.86 crore against an amount of Rs. 104.25 crore (ratio 1.12). The encumbered shares represent 23.36% of promoter shareholding, which is below the 50% threshold requiring additional disclosure. The promoter holds 1,65,34,758 shares representing 19.92% of total share capital.
The pledge is below the 50% regulatory threshold and only 0.39% of total capital is encumbered, indicating low risk to minority shareholders. The collateral shift to another broker suggests routine refinancing rather than financial distress.