Anand Rathi Financial Services (ARFSL), a promoter of Anand Rathi Wealth (ARWL), has re-submitted its share pledging disclosure.
An earlier report mistakenly indicated a release of pledged shares, when in fact, government securities were released.
This caused incorrect encumbrance balances.
The corrected disclosure reveals ARFSL pledged an additional 4.85 lakh ARWL shares (0.58% of total share capital) with Yes Bank on May 29, 2026, for collateral purposes.
Following this, ARFSL's total pledged shares in ARWL now stand at 44.23 lakh shares, representing 5.33% of the company's total share capital.
The company clarified these were purely clerical/operational reporting errors.
This update provides clarity on the promoter's actual encumbered share position.
No comments yet. Be the first.