Anand Rathi Wealth Limited announced the successful completion of its postal ballot process on February 16, 2026, with shareholders approving all six resolutions through remote e-voting. The company had sought shareholder approval for critical board appointments and material related party transactions through a postal ballot notice dated January 12, 2026.

Postal Ballot Process Overview

The remote e-voting period commenced on Saturday, January 17, 2026, at 9:00 a.m. (IST) and concluded on Sunday, February 15, 2026, at 5:00 p.m. (IST). The company had 72,354 shareholders as on the record date of January 9, 2026. Mr. Himanshu S. Kamdar (Membership No. FCS 5171), Partner at M/s. Rathi & Associates, served as the scrutinizer for the postal ballot process.

Board Appointments Approved

Shareholders approved four key board-related resolutions, including the re-appointment of the CEO and three new independent director appointments. The first resolution for Mr. Rakesh Rawal's re-appointment as Wholetime Director and CEO received strong support with 92.67% assent from valid votes cast.

Key Appointments Summary

The appointments of the three Non-Executive Independent Directors - Mr. Debasish Panda (DIN: 06479085), Mr. Aadesh Kumar Gupta (DIN: 00020403), and Ms. Deena Asit Mehta (DIN: 00168992) - were overwhelmingly supported by shareholders. All three directors have been appointed for a term of 5 consecutive years commencing from January 12, 2026 up to and including January 11, 2031.

Material Related Party Transactions

Shareholders approved two significant ordinary resolutions for material related party transactions involving substantial amounts. Both resolutions received strong support with 99.16% approval rates, demonstrating shareholder confidence in the company's strategic relationships.

The approved transactions involve purchase of debentures or securities with Anand Rathi Global Finance Limited and purchase/sale of debentures or securities with Anand Rathi Financial Services Limited for Financial Year 2026-27. Promoter and promoter group members abstained from voting on these related party transaction resolutions.

Voting Participation Details

The postal ballot process saw significant participation across different shareholder categories. The total number of shares eligible for voting was 83,020,634, with varying participation rates across different resolutions.

Participation by Category

• Promoter and Promoter Group: Held 35,793,582 shares with 99.57% participation in applicable resolutions
• Public Institutions: Held 13,430,854 shares with 91.44% participation
• Public Non-Institutions: Held 33,796,198 shares with participation ranging from 26.27% to 33.49%

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority as per the Companies Act, 2013, and SEBI regulations. The detailed voting results have been made available on the company's website and filed with the stock exchanges for regulatory compliance.

Anand Rathi Wealth Limited has established a wholly-owned subsidiary in GIFT City, Gujarat, marking its strategic expansion into fund management operations within India's premier international financial services center.

Subsidiary Incorporation Details

The company incorporated Anand Rathi FME (IFSC) Private Limited on February 16, 2026, with the following capital structure:

Business Objectives and Regulatory Framework

Anand Rathi FME (IFSC) Private Limited will focus on fund management activities through the establishment of Alternate Investment Funds (AIFs). The subsidiary plans to apply for a Fund Management license under the International Financial Services Centres Authority (Fund Management) Regulations, 2025.

The new entity will seek necessary regulatory approvals from the International Financial Services Centres Authority (IFSCA) to carry out fund management business operations. As a newly incorporated company, it has yet to commence business operations.

Regulatory Compliance and Disclosure

The incorporation has been disclosed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

As a wholly-owned subsidiary arrangement, the transaction does not fall under related party transaction requirements typically applicable to arm's length dealings with external entities. The information has been made available on the company's website at www.anandrathiwealth.in in compliance with Regulation 46(2) of SEBI Listing Regulations.

Strategic Positioning

The establishment of this subsidiary represents Anand Rathi Wealth Limited's entry into the GIFT City ecosystem, positioning the company to leverage the international financial services framework available within the special economic zone. The focus on AIF management aligns with the growing alternative investment market in India's financial services sector.