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.

Anand Rathi Share & Stock Brokers allotted ₹11.40 crore worth of secured, unlisted non-convertible debentures (NCDs) through a private placement on August 27, 2026. The issuance was completed pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company issued 1,140 debentures with a face value of ₹1 lakh each. This allotment represents a portion of the maximum issue size of ₹13.20 crore approved for the private placement. The instruments are redeemable and secured by a first-ranking charge.

Issue Terms and Security

The NCDs carry a fixed coupon rate of 9%, payable quarterly. The tenure is set at three years, with the deemed date of allotment recorded as August 27, 2026, and the maturity date scheduled for August 27, 2029. Full redemption of the principal amount will occur on the maturity date.

Security for the debentures is provided by way of hypothecation over all present and future unencumbered assets, book debts, and receivables. This charge was established under a deed of hypothecation dated June 2, 2026, entered between the company and the Debenture Trustee.

Default Provisions

In the event of a default in interest or principal payment exceeding three months from the due date, the company is liable to pay an additional interest rate of 2% per annum over the base coupon. This penalty applies from the date of default until payment is made, as specified in the Debenture Trust Deed.

The company confirmed that no special rights, interests, or privileges are attached to these instruments. Further details regarding the offer were disclosed in the offer letter dated August 25, 2026.