Anand Rathi Wealth appointed Mr. Chintak Shah as Head-NRI effective June 15, 2026, to strengthen its focus on non-resident Indian clients. The appointment follows his tenure leading the Tax division since 2015. This strategic expansion aims to build a structured approach for serving NRI clients while maintaining oversight of the existing Tax function.

Role and Responsibilities

Mr. Chintak Shah assumes the role of Head-NRI on a full-time employment basis. In addition to his new responsibilities, he will continue to manage the Tax function. The company stated that his leadership in scaling the Tax division into a well-structured vertical provided the rationale for expanding his scope.

Executive Profile

The following table outlines the details of the appointment:

Background and Experience

Mr. Shah joined the organization in 2015 and has been instrumental in building and scaling the Tax division. Under his leadership, the function grew into a structured vertical delivering value to clients. He currently manages a team of 10 members. The company cited his proven record and leadership capabilities as the basis for entrusting him with the NRI vertical.

Anand Rathi Financial Services Limited has revised its disclosure regarding the encumbrance of equity shares in anand rathi wealth , correcting the pledged holding to reflect a release of shares and adjusted balances. The re-submission was made to the National Stock Exchange of India Limited and BSE Ltd. on June 10, 2026, under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The correction addresses an inadvertent operational error that previously misstated the status of pledged shares and the opening balances in subsequent filings.

The initial disclosure submitted on May 21, 2026, had incorrectly reported that 5,60,000 pledged shares were released from Suresh Rathi Securities Private Limited and a fresh pledge was created with Yes Bank. It was subsequently identified that Government Securities were released instead of pledged shares. Consequently, the net pledged balance was adjusted to 44,23,000 shares. The latest filing further details the release of 11,90,000 shares pledged with Suresh Rathi Securities Limited on June 8, 2026, for the purpose of shifting collateral to another broker, followed by the creation of a fresh pledge of 11,90,000 shares with Yes Bank Limited on the same date.

The correct particulars of the pledged share position are detailed in the table below:

The encumbrance details confirm that Anand Rathi Financial Services Limited holds a total promoter shareholding of 3,01,77,516 shares post a 1:1 bonus issue, representing 18.17% of the total share capital of Anand Rathi Wealth Limited. The total encumbered shares now constitute 5.33% of the total share capital and 29.31% of the promoter's shareholding. The company clarified that the errors were purely inadvertent and operational in nature, and the corrections pertain solely to the reporting of encumbrance balances.