Corporate Governance27 Apr 2026, 05:41 pm
Anand Rathi restores ₹12.15 Cr shares after fraud
AI Summary
Anand Rathi Share And Stock Brokers Ltd has restored shares worth approximately ₹12.15 crores to a Pune-based client. This action follows previous intimations regarding an off-market transfer of shares amounting to approximately ₹13 crore. The re-transfer was carried out in accordance with directions issued by Central Depository Services (India) Limited (CDSL) and aims to maintain a cordial relationship with the client. The company states that the financial impact of the fraud is limited to the restored amount, with no further material impact on its operations, profitability, or overall financial position.
Key Highlights
- Anand Rathi restored ₹12.15 Cr shares to a client following an off-market fraud.
- The re-transfer was directed by CDSL to maintain client relationships.
- Financial impact is limited to the restored amount, with no further material impact.
- This resolves a previously reported off-market transfer of shares.