Anand Rathi Wealth Limited — Important, 13-01-2025: Updates

The Board of Directors of Anand Rathi Wealth Limited has approved several key actions:

1. The company has released its financial results for the third quarter and nine months ended December 31, 2024.

2. Authorized share capital will increase from ₹25 crore to ₹50 crore, necessitating approval via postal ballot from shareholders.

3. The Board endorsed a bonus share issuance, proposing a 1:1 ratio, pending shareholder approval.

4. Plans for establishing a wholly owned subsidiary in the United Kingdom were also approved, contingent on necessary regulatory clearances.

5. Amit Rathi’s status will be reclassified from Promoter Group Shareholder to Public Shareholder, pending approvals from stock exchanges and shareholders.

These steps signal a proactive approach to capital restructuring and potential market expansion, positioning the company for positive growth. Shareholders should monitor these developments closely.