ARFSL pledges 4.85 lakh shares with Yes Bank

Anand Rathi Financial Services Limited created a pledge on 4,85,000 equity shares, representing 0.58% of the total share capital, on May 29, 2026. The disclosure, submitted to the National Stock Exchange of India Limited and BSE Limited on June 2, 2026, under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the creation of collateral with Yes Bank Limited. Following this transaction, the total encumbered shares held by ARFSL stand at 38,63,000, accounting for 4.65% of the total share capital.

Pledge Creation Details

The filing details the creation of a pledge involving Yes Bank Limited. The purpose of the encumbrance was stated as the creation of collateral with another broker. The table below summarises the key parameters of the encumbrance event:

Parameter:	Details
Promoter:	Anand Rathi Financial Services Limited
Type of Event:	Creation of Pledge
Date:	May 29, 2026
Shares Involved:	4,85,000
% of Share Capital:	0.58%
Entity in Favour (Creation):	Yes Bank Limited
Post-Event Encumbered Shares:	38,63,000 (4.65%)

Promoter Shareholding and Encumbrance Status

ARFSL holds 1,50,88,758 equity shares in Anand Rathi Wealth Limited, which constitutes 18.17% of the total share capital. The disclosure confirms that the encumbered shares do not constitute 50% or more of the promoter's shareholding, nor do they represent 20% or more of the total share capital of the listed company. The broader promoter group includes key entities and individuals such as Anand Rathi, Pradeep Kumar Gupta, and Jaipur Securities Private Limited.

Security Cover and End Use

The filing provides specific financial metrics regarding the encumbrance. The value of the shares on the date of the event was Rs. 172,91,22,000/-, against an amount involved of Rs. 154,25,49,736/-, resulting in a security cover ratio of 1.12. The borrowed amount is being utilized for margin limits, and the collateral is being shifted to another broker.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.94%	-1.84%	-2.79%	+20.36%	+78.58%	+1,099.95%

Anand Rathi Wealth Limited has appointed Mr. Chirag Ramesh Muni as its Chief Process Officer, effective June 1, 2026. The appointment was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the stock exchanges that Mr. Muni, an internal veteran with over 20 years of experience, will assume the role on a full-time basis to strengthen process excellence.

Appointment Details

The disclosure, communicated by Pravin Jogani, Company Secretary and Compliance Officer, outlines the key parameters of the appointment as required under Regulation 30 read with Part A of Schedule III of the SEBI LODR and SEBI Master Circular No. HO/49/14/14(7)2025 CFDPOD2/I/3762/2026 dated January 30, 2026.

Parameter	Details
Name	Mr. Chirag Ramesh Muni
Designation	Chief Process Officer
Date of Appointment	June 1, 2026
Term of Appointment	Full time employment
Relationship with Directors	Not Applicable

Professional Background

Mr. Chirag Muni brings extensive industry expertise, having spent the last 13 years with Anand Rathi Wealth Limited. Prior to this elevation, he served as Head – Business Process Design & Implementation, where he managed diverse responsibilities and played a key role in strengthening process excellence across the organisation. An MBA postgraduate, he has previously been associated with reputed organisations such as Religare Macquarie Wealth Management Ltd and Citibank. Beyond his experience as a Relationship Manager, he has spearheaded the Business Process team and played a pivotal role in standardising key processes.

Role and Responsibilities

In his new capacity, Mr. Muni is expected to leverage his deep understanding of business processes and leadership capabilities. His contributions have been noted in strategic process excellence, leadership of the Business Process team, effective client relationship management, and Business Process Design and Implementation. The appointment reflects the company's focus on strengthening its senior management team with experienced internal talent.