Promoter revokes pledge of 5,16,000 shares, creates pledge of 5,14,000 shares
Promoter Anand Rathi Financial Services Limited has revoked a pledge of 5,16,000 shares and created a pledge of 5,14,000 shares, each equal to 0.31% of total share capital.
By ScoutQuest · · 2 min read
- Pledge Revoked
- 5,16,000 shares, equal to 0.31% of total share capital
- Pledge Created
- 5,14,000 shares, equal to 0.31% of total share capital
- Total Promoter Shareholding
- 3,01,77,516 shares, or 18.17% of total share capital
What the disclosure says
- Promoter Anand Rathi Financial Services Limited revoked a pledge of 5,16,000 shares, equal to 0.31% of the total share capital of the listed company.
- On the same event date it created a pledge of 5,14,000 shares, also equal to 0.31% of the total share capital.
- The pledge was released from Suresh Rathi Securities P. Ltd.; the shares are pledged with Yes Bank Limited, which the update identifies as a scheduled commercial bank.
- The type of encumbrance stated is a pledge, and the update states the encumbrance does not relate to any debt instruments such as debentures, commercial paper or certificate of deposit.
Promoter holding and encumbrance level
- Total promoter shareholding: 3,01,77,516 shares, or 18.17% of total share capital.
- Encumbered shares as a percentage of promoter shareholding: 29.31%, described as the earlier and current encumbrance.
- The update answers "No" to encumbered shares being 50% or more of promoter shareholding, and "No" to encumbered shares being 20% or more of total share capital.
Size and cover figures
- Value of shares on the date of the event / agreement (A): Rs. 107.42 crore
- Amount involved, against which shares have been encumbered (B): Rs. 95.83 crore
Why the shares are pledged
The stated reason is that Anand Rathi Financial Services Limited pledged the said shares for availing margin limits, and the collateral is now being shifted to another broker.
What a pledge means
A pledge is one form of encumbrance. The shares continue to be held by the promoter, but they are placed as security with a lender. If the borrower defaults, the lender can sell those shares. A revocation of a pledge releases a set of shares from that security; a creation of a pledge brings a fresh set of shares under it.
Also from Anand Rathi Wealth
Anand Rathi Wealth officials to meet group of individual investors virtually on 29 October 2026
23 Oct 2026
Q2 & H1 FY27 earnings call: PAT grows about 23% YoY, board declares interim dividend
16 Oct 2026
Promoter releases 5,16,000-share pledge, creates 5,14,000-share pledge on 13 October 2026
16 Oct 2026
More numbers
- Total promoter shareholding (shares)3,01,77,516
- Promoter holding as % of total share capital18.17%
- Encumbered shares as % of promoter shareholding29.31%
- Shares on which pledge revoked5,16,000
- Shares on which pledge created5,14,000
- Each of revoked and created pledge as % of total share capital0.31%
- Value of shares on date of event / agreement (A)Rs. 1,07,42,34,300/-
- Amount involved against which shares encumbered (B)Rs. 958324419 /-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.