Anand rathi wealth Limited has announced the completion of tenure for three independent directors, marking a significant board transition as per regulatory requirements under the Companies Act, 2013.

Directors Completing Tenure

Three independent directors have completed their second term of five years with effect from the close of business hours on March 14, 2026:

Regulatory Compliance

The cessation is in accordance with Section 149(11) of the Companies Act, 2013, which mandates the tenure limits for independent directors. The company has clarified that the cessation is consequent to completion of tenure and is not attributable to resignation, disqualification, or any other reason.

As a result of their cessation, all three directors will cease to be chairman or members of various committees they were part of during their tenure.

Company Acknowledgment

Anand Rathi Wealth Limited has placed on record its appreciation for the contribution made by Mr. Kishan Gopal Somani, Mr. Ramesh Chandak, and Mrs. Sudha Pravin Navandar during their tenure as independent directors of the company.

Disclosure Requirements

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided detailed disclosure pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with comprehensive information about each director's cessation.

The information has been uploaded on the company's website at https://www.anandrathiwealth.in and communicated to both NSE and BSE for their records.

Anand Rathi Wealth Limited's promoter group entity Aqua Proof Wall Plast Private Limited has formally disclosed the pledge of equity shares under SEBI regulatory requirements. The comprehensive disclosure was submitted to stock exchanges on March 13, 2026, detailing the pledge transaction executed on March 11, 2026.

Regulatory Disclosure Framework

Aqua Proof Wall Plast Private Limited submitted the mandatory disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by Nitesh Porwal, Director (DIN: 02292709), and submitted to both National Stock Exchange of India Limited and BSE Limited.

Pledge Transaction Specifics

The pledge involves 1,00,000 equity shares of Anand Rathi Wealth Limited pledged to Bajaj Financial Securities Limited for availing margin limits. The pledged shares represent 0.1205% of the total share capital of the wealth management company.

Shareholding and Encumbrance Analysis

Prior to this pledge creation, Aqua Proof Wall Plast Private Limited held 1,24,702 shares representing 0.1502% of total share capital. The entity had previously encumbered 24,500 shares (0.0295% of total share capital), bringing the total encumbered shares to 1,24,500 shares post this transaction.

Financial Security Parameters

The disclosure reveals significant financial metrics demonstrating the security cover provided for the margin facility. The value of pledged shares on the transaction date was Rs.7,72,30,125, while the amount involved against which shares were encumbered stood at Rs.6,41,00,000, providing a security cover ratio of 1.20.

Compliance and Disclosure Requirements

The pledge represents 99.838% of Aqua Proof Wall Plast Private Limited's shareholding in Anand Rathi Wealth Limited, which exceeds the 50% threshold requiring detailed disclosure under SEBI regulations. However, the encumbered shares do not constitute 20% or more of the total share capital of the listed company, keeping it within permissible limits for such transactions.