Board Meeting14 Jul 2026, 07:20 pm
Anand Rathi Board Approves Foreign Subsidiary, ₹500 Cr NCD Issuance
AI Summary
Anand Rathi Share and Stock Brokers Ltd's Board of Directors met on July 14, 2026, approving key strategic initiatives. The company will incorporate a wholly-owned subsidiary in Dubai, UAE. Additionally, the board greenlit a proposal to raise capital up to ₹500 crores through Non-Convertible Debentures (NCDs). The board also approved un-audited financial results for the quarter ended June 30, 2026, and material related party transactions with Anand Rathi Financial Services Limited and Anand Rathi Global Finance Limited, subject to shareholder approval. Revised policies on Related Party Transactions and CSR were also approved.
Key Highlights
- Board approved incorporation of a foreign subsidiary in Dubai, UAE.
- Approved raising capital up to ₹500 crores via NCD issuance.
- Un-audited financial results for Q1 FY27 declared.
- Material related party transactions approved, pending shareholder nod.
- Revised policies on RPT and CSR approved.
Price Impact
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