Anand Rathi Share And Stock Brokers Limited has disclosed comprehensive encumbrance details under SEBI Regulation 30, providing detailed information about the pledge transaction involving its parent company. The disclosure was submitted on March 31, 2026, regarding the pledge created on March 30, 2026.

Encumbrance Overview

The disclosure pertains to shares pledged by Anand Rathi Financial Services Limited, which holds a substantial stake in the listed company. The encumbrance represents a relatively small portion of the total promoter shareholding.

Security Cover and Financial Details

The encumbrance disclosure reveals strong security cover for the pledged shares, with the value of shares significantly exceeding the amount involved in the transaction.

Regulatory Compliance and Purpose

The shares were pledged specifically for availing margin limits, as confirmed in the detailed disclosure document. The beneficiary, Suresh Rathi Securities Private Limited, is identified as a broking firm rather than a scheduled commercial bank or financial institution.

The encumbrance does not breach significant thresholds, with the pledged shares representing neither 50% or more of promoter shareholding nor 20% or more of total share capital. The transaction involves entities within the Anand Rathi group, including both the listed company and its parent entity.

The disclosure was signed by Divyani Shah, Company Secretary (Membership No. A49954), ensuring compliance with SEBI regulations regarding encumbrance reporting requirements.

Anand Rathi Share and Stock Brokers Limited has completed the allotment of secured non-convertible debentures worth Rs. 10 crore through private placement. The company informed BSE and NSE about this development on March 31, 2026, pursuant to Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Latest Debenture Allotment Details

The company allotted 1,000 secured, unlisted and redeemable non-convertible debentures to identified investors on March 31, 2026. Each debenture carries a face value of Rs. 1,00,000, bringing the total issue size to Rs. 10 crore under Series ARSSBLNA4/2025.

Updated Terms and Conditions

The latest NCDs carry enhanced terms for investors with a shorter tenure compared to previous issuances. The instruments are structured as secured debentures with quarterly payment schedules and improved coupon rates.

Security Structure

The debentures maintain the same security structure as previous issuances, secured by a first ranking charge by way of hypothecation over all present and future book debts and receivables of the company. This security is governed by the deed of hypothecation dated August 14, 2023, supplemented by the Supplemental Deed of Hypothecation dated October 20, 2023.

Default Provisions

Consistent with previous terms, the debenture agreement includes provisions for handling payment defaults. In case of default in payment of interest or principal amount, the company will pay additional interest at 2% per annum over the stated interest rate from the date of default until payment is made.

Previous NCD Issuance Comparison

This represents the company's continued debt fundraising activities. Earlier, the company had allotted 495 NCDs worth Rs. 4.95 crore under Series ARSSBLNA3/2025 on March 30, 2026, with a 3-year tenure and 9% coupon rate.