Anand Rathi Share and Stock Brokers Limited has filed its quarterly monitoring agency report for the period ended December 31, 2025, providing detailed insights into the utilization of proceeds from its Initial Public Offer (IPO). The report, submitted to both BSE Limited and National Stock Exchange of India Ltd on January 21, 2026, demonstrates the company's adherence to regulatory requirements under SEBI regulations.

IPO Proceeds and Allocation

The company's IPO raised substantial funds through a fresh issue of equity shares. The financial breakdown shows the comprehensive utilization of these proceeds across designated objectives.

The monitoring agency, Crisil Ratings Limited, confirmed that all utilization aligned with disclosures in the offer document, with no deviations from the stated objects.

Fund Utilization Progress

The report reveals complete deployment of the allocated funds across the company's primary objectives. The working capital requirements received the largest allocation, reflecting the company's focus on operational expansion.

During the quarter ended December 31, 2025, the company deployed ₹394.81 crores towards creating new Fixed Deposits maintained as exchange margin with stock exchanges. These deposits were established to meet margin obligations with the exchanges where the company maintains membership.

Working Capital Deployment

The company's working capital requirements encompass critical operational areas that directly support revenue generation. The ₹5,500.00 crores allocated for long-term working capital serves multiple strategic purposes:

• Margin trading facility (MTF) operations
• Trade receivables management
• Other balances with banks for operational requirements

These funds support day-to-day operations and are classified as essential working capital for the company's stock broking and allied services business.

Regulatory Compliance and Monitoring

The monitoring report demonstrates full compliance with SEBI regulations, with Crisil Ratings Limited serving as the appointed monitoring agency. The report confirms no material deviations from expenditures disclosed in the offer document and no changes in the means of finance for disclosed objects.

The remaining unutilized amount of ₹44.37 crores from issue expenses is maintained in the public issue account, representing funds yet to be deployed for remaining issue-related expenses.

Corporate Structure and Leadership

Anand Rathi Share and Stock Brokers Limited operates under the leadership of promoters including Mr. Anand Nandkishore Rathi, Mr. Pradeep Navratan Gupta, Ms. Priti Pradeep, and Anand Rathi Financial Services Limited. The company specializes in stock broking and allied services, positioning itself as a significant player in India's financial services sector.

The monitoring report, signed by Company Secretary & Compliance Officer Chetan Prajapati, reflects the company's commitment to transparency and regulatory compliance in managing IPO proceeds.

Anand Rathi Share and Stock Brokers Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance across key financial metrics. The company published these results in leading newspapers as part of its regulatory compliance under SEBI listing requirements.

Strong Revenue Growth in Q3FY26

The company reported consolidated total revenue from operations of ₹2,481.99 million for Q3FY26, marking a significant 21.50% year-on-year increase from ₹2,043.55 million recorded in Q3FY25. This growth trajectory continued from the previous quarter, where revenue stood at ₹2,272.02 million in Q2FY26.

Exceptional Profit Performance

The company's profitability metrics showed remarkable improvement during the quarter. Net profit for Q3FY26 reached ₹370.04 million, representing a substantial 71.80% year-on-year growth from ₹215.43 million in Q3FY25. Profit before tax also demonstrated strong performance, increasing by 73.50% to ₹497.57 million from ₹286.85 million in the corresponding quarter of the previous year.

Nine-Month Period Results

For the nine months ended December 31, 2025, the company maintained its growth momentum with total revenue from operations reaching ₹6,765.07 million. Net profit for the nine-month period stood at ₹877.19 million, while total comprehensive income reached ₹883.78 million.

Earnings Per Share Analysis

The company's earnings per share metrics reflected the strong financial performance. Basic EPS for Q3FY26 stood at ₹7.54 compared to ₹4.86 in Q3FY25. For the nine-month period, basic EPS reached ₹17.87. The diluted EPS for Q3FY26 was ₹7.29, while the nine-month diluted EPS stood at ₹17.29.

Standalone vs Consolidated Performance

Both standalone and consolidated results showed similar strong performance trends. Standalone revenue for Q3FY26 was ₹2,481.02 million with net profit of ₹378.73 million. The standalone basic EPS for the quarter was ₹7.71, slightly higher than the consolidated figure.

Regulatory Compliance and Publication

The company fulfilled its regulatory obligations by publishing the financial results extract in three major newspapers: The Economic Times (English edition), Maharashtra Times (Marathi edition), and Navbharat Times (Hindi edition). The results were approved by the Board of Directors on January 14, 2026, following review by the Audit Committee and are subject to statutory auditor review. Complete financial statements are available on stock exchange websites and the company's investor portal at anandrathi.com/investors.