Anand Rathi reports an additional client defrauded via off-market share transfer, similar to a prior FIR. The issue involves approx. Rs. 9.35 Cr. The company is investigating and will inform the client, taking corrective actions.
Anand Rathi's board meeting will discuss financial results and dividend payment. The company is also proposing an Employee Stock Option Plan (ESOP 2026) for its employees and those of its subsidiaries, along with an increase in authorized share capital. Re-appointments of Whole-Time Directors are also on the agenda.
Anand Rathi Share and Stock Brokers has resolved a fraud involving approx. ₹12.15 Cr by re-transferring shares to a client, as directed by CDSL. The financial impact is contained.
Fraudulent off-market share transfer of approx. Rs. 13 Cr is being investigated. The company has filed an FIR and is implementing corrective actions. The full impact is to be determined.
