Anand Rathi Share & Stock Brokers allotted 100 secured, unlisted and redeemable non-convertible debentures (NCDs) aggregating to ₹1 crore through a private placement on September 10, 2026.

The issuance was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the BSE and NSE of the allotment, citing compliance with the SEBI Master Circular dated January 30, 2026.

Issue Terms and Security

The NCDs carry a face value of ₹1 lakh each. The instruments are secured by a first-ranking charge via hypothecation over all present and future unencumbered assets, book debts, and receivables. This security arrangement is governed by a deed of hypothecation dated June 2, 2026, entered between the company and the Debenture Trustee.

Interest and Redemption

Interest payments are scheduled quarterly at a rate of 9%. The principal amount will be fully redeemed on the maturity date of September 20, 2027. In the event of a default in interest or principal payment exceeding three months, an additional penalty interest of 2% per annum applies from the date of default until payment is made.

The company confirmed that no special rights or privileges are attached to these instruments. The offer document dated September 10, 2026, outlines further specific terms regarding payment schedules and security conditions.

Anand Rathi Share & Stock Brokers Limited shareholders have approved material modifications to related-party transactions for FY27 through a postal ballot process. The resolutions received overwhelming support, with nearly all valid votes cast in favor.

Anand Rathi Share & Stock Brokers submitted the voting results to BSE and NSE on September 5, 2026. The remote e-voting period ran from August 6, 2026, at 9:00 am to September 4, 2026, at 5:00 pm.

Voting Outcome

The company sought approval for two ordinary resolutions regarding related-party transactions:

1. Modifications to transactions with Anand Rathi Financial Services Limited (Holding Company).
2. Modifications to transactions with Anand Rathi Global Finance Limited (Group Company).

Promoters and the promoter group held 43,880,004 shares but did not participate in the voting for these specific resolutions. The entire vote came from public shareholders.

Institutional investors voted unanimously in favor of both resolutions. Non-institutional public shareholders also showed near-unanimous support, with only 134 votes cast against Resolution 1 and 133 against Resolution 2 out of over 2.3 million votes polled in that category.

Scrutinizer Report

CS Sandhya R. Malhotra of Manish Ghia & Associates served as the independent scrutinizer. The report confirmed compliance with Section 110 of the Companies Act, 2013, and SEBI LODR Regulations.

The e-voting platform was managed by MUFG Intime India Private Limited. After the voting window closed, the data was unblocked and verified by independent professionals not employed by the company. The shareholding data was matched against the register of members as of the cut-off date, July 31, 2026.

A small number of votes were declared invalid: 7,502 shares for Resolution 1 and 43,852,898 shares for Resolution 2. These invalid votes did not impact the final outcome, as the requisite majority was achieved among valid votes.