StockWatch
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Stockbroking & Allied
Board Meeting14 Jul 2026, 07:01 pm

Anand Rathi Board Approves NCD Issuance Up to ₹500 Cr

AI Summary

Anand Rathi Share and Stock Brokers Ltd's Board of Directors met on July 14, 2026, approving the unaudited financial results for Q1 FY27. Key decisions included the approval to raise capital up to ₹500 crores through Non-Convertible Debentures (NCDs) in one or more tranches. The Board also approved material related party transactions with Anand Rathi Financial Services Ltd and Anand Rathi Global Finance Ltd, subject to shareholder approval, and resolved to seek this approval via postal ballot. Additionally, the company will incorporate a wholly-owned subsidiary in Dubai, UAE.

Key Highlights

  • Board approved unaudited financial results for the quarter ended June 30, 2026.
  • Approved raising capital up to ₹500 crores via Non-Convertible Debentures.
  • Approved material related party transactions, pending shareholder nod.
  • Resolved to establish a wholly-owned subsidiary in Dubai, UAE.