Anand Rathi Share & Stock Brokers has allotted 1,110 Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs) aggregating ₹11.10 crore through private placement. The allotment to identified investors was completed on June 22, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The debentures carry a coupon rate of 9% and have a tenure of three years, maturing on June 22, 2029.

The NCDs have a face value of ₹1,00,000 each. Interest payments will be made on a quarterly basis. In the event of a delay in payment of interest or principal beyond the due date, the company will pay an additional interest at the rate of 2% per annum over the standard coupon rate from the date of default until payment is made.

The issuance is secured by a first ranking charge created through the hypothecation of all present and future unencumbered assets, book debts, and receivables. The deed of hypothecation was entered into between the company and the Debenture Trustee on June 02, 2026. The total authorized size of the issue was capped at ₹12.85 crore, comprising 1,285 NCDs.

Key Terms of the NCD Issue

The company confirmed that full redemption of the debentures will be conducted on the maturity date. The offer for the private placement was detailed in the offer document dated June 22, 2026.

Asha Biyani, a member of the promoter group, acquired 20,000 equity shares of Anand Rathi Share & Stock Brokers through an open market purchase on June 16, 2026. This acquisition increased her individual holding to 0.03% of the company's total equity share capital. The transaction was disclosed to the stock exchanges on June 18, 2026, in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Following the purchase, the combined holding of the acquirer along with Persons Acting in Concert (PAC) rose to 4,38,79,508 shares, representing 69.62% of the total paid-up voting capital. The PAC includes entities such as Anand Rathi Financial Services Limited and individuals including Anand Nandkishore Rathi and Pradeep Navratan Gupta.

Details of Acquisition

The disclosure outlines the specific holdings of the promoter group members before and after the transaction. Anand Rathi Financial Services Limited remains the largest shareholder within the group, holding 4,38,45,400 shares, which accounts for 69.57% of the total share capital.

Shareholding Pattern

Capital Structure

The equity share capital of the company before and after the acquisition remains unchanged at Rs. 31,51,31,500, consisting of 6,30,26,300 equity shares of Rs. 5/- each. The total diluted share capital, calculated considering the exercise of Employee Stock Options, stands at 6,40,90,850 shares.