Anand Rathi Share and Stock Brokers Limited has completed the allotment of secured non-convertible debentures worth Rs. 10 crore through private placement. The company informed BSE and NSE about this development on March 31, 2026, pursuant to Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Latest Debenture Allotment Details

The company allotted 1,000 secured, unlisted and redeemable non-convertible debentures to identified investors on March 31, 2026. Each debenture carries a face value of Rs. 1,00,000, bringing the total issue size to Rs. 10 crore under Series ARSSBLNA4/2025.

Updated Terms and Conditions

The latest NCDs carry enhanced terms for investors with a shorter tenure compared to previous issuances. The instruments are structured as secured debentures with quarterly payment schedules and improved coupon rates.

Security Structure

The debentures maintain the same security structure as previous issuances, secured by a first ranking charge by way of hypothecation over all present and future book debts and receivables of the company. This security is governed by the deed of hypothecation dated August 14, 2023, supplemented by the Supplemental Deed of Hypothecation dated October 20, 2023.

Default Provisions

Consistent with previous terms, the debenture agreement includes provisions for handling payment defaults. In case of default in payment of interest or principal amount, the company will pay additional interest at 2% per annum over the stated interest rate from the date of default until payment is made.

Previous NCD Issuance Comparison

This represents the company's continued debt fundraising activities. Earlier, the company had allotted 495 NCDs worth Rs. 4.95 crore under Series ARSSBLNA3/2025 on March 30, 2026, with a 3-year tenure and 9% coupon rate.

Anand Rathi Share and Stock Brokers Limited has disclosed to stock exchanges that a First Information Report (FIR) has been registered by Pune Police in connection with fraudulent off-market share transfers worth approximately Rs 13 crore. The development marks a significant escalation in the company's efforts to address the fraud that was initially reported in February 2026.

FIR Registration Details

The Deccan Police Station in Pune registered the FIR on March 16, 2026 at 08:41 P.M., following initial complaints filed by the company with Pune Police station and N.M. Joshi Police Station. The company had first intimated the exchanges about this matter on February 06, 2026, when the off-market transfer of shares was initially discovered.

Regulatory Compliance and Disclosure

The disclosure was made in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Chief Financial Officer Tarak Kumarpal Shah signed the disclosure document, emphasizing the company's commitment to transparency and regulatory compliance. The information has also been uploaded on the company's investor website at anandrathi.com/investors.

Investigation Status and Corrective Measures

The estimated impact on the listed entity is to the extent of the amount involved, approximately Rs 13 crore. While investigations are currently underway to determine the persons involved in the fraudulent activity, the company has stated that necessary corrective actions have been identified and are at various stages of implementation.

The company has committed to providing further updates on the matter as developments occur, in accordance with the provisions of listing regulations. This ongoing case highlights the importance of robust internal controls and monitoring systems in the financial services sector.