Anand Rathi Wealth Limited has announced the appointment of Mr. Chirag Ramesh Muni as its Chief Process Officer, effective June 1, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to the stock exchanges by Pravin Jogani, Company Secretary and Compliance Officer.

Appointment Details

The following key details of the appointment have been disclosed as required under Regulation 30 read with Part A of Schedule III of the SEBI LODR:

Professional Background

Mr. Chirag Muni brings with him a strong track record built over more than 20+ years of overall professional experience. Notably, the last 13 years of his career have been spent with Anand Rathi Wealth Limited, where he served as Head – Business Process Design & Implementation. In this role, he managed diverse responsibilities and played a key part in strengthening process excellence across the organisation.

An MBA postgraduate, Mr. Muni has previously been associated with reputed organisations such as Religare Macquarie Wealth Management Ltd and Citibank prior to joining Anand Rathi Wealth Limited. Beyond his experience as a Relationship Manager, he has spearheaded the Business Process team and played a pivotal role in standardising key processes across the organisation.

Role and Responsibilities

In his new capacity as Chief Process Officer, Mr. Muni is expected to leverage his deep understanding of business processes and leadership capabilities. His contributions over the years have been noted in the areas of:

• Strategic process excellence and standardisation across the organisation
• Leadership of the Business Process team
• Effective client relationship management
• Business Process Design and Implementation

His appointment reflects the company's focus on strengthening its senior management team with experienced internal talent who have demonstrated sustained contribution to organisational growth.

Anand Rathi Wealth Limited's promoter entity, Anand Rathi Financial Services Limited (ARFSL), released a pledge on 4,85,000 equity shares, constituting 0.58% of the total share capital, on May 27, 2026. The disclosure, submitted to the National Stock Exchange of India Limited and BSE Limited on May 29, 2026, under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the revocation of shares previously pledged with Bajaj Financial Securities Limited. The transaction was executed specifically to shift the collateral to another broker. Following this release, the total encumbered shares held by ARFSL stand at 33,78,000, representing 4.07% of the total share capital and 20.43% of the promoter's shareholding.

Pledge Modification Details

The filing details the release of a pledge involving Bajaj Financial Securities Limited, a broking firm. The end-use of the funds was for availing margin limits, and the revocation facilitates the transfer of collateral. The table below summarises the key parameters of the encumbrance event:

Promoter Shareholding and Encumbrance Status

ARFSL holds 1,65,34,758 equity shares in Anand Rathi Wealth Limited, which accounts for 19.92% of the total share capital. The disclosure confirms that the encumbered shares do not constitute 50% or more of the promoter's shareholding, nor do they represent 20% or more of the total share capital of the listed company. The broader promoter group includes key entities and individuals such as Anand Rathi, Pradeep Kumar Gupta, and Jaipur Securities Private Limited.