Anand Rathi Wealth Limited — Board Meeting, 13-01-2025: Outcome of Board Meeting

The Board meeting resulted in the approval of the unaudited financial results for the third quarter and nine months. The authorized share capital will be increased from ₹25 Cr to ₹50 Cr, pending shareholder approval. A bonus issue of shares was endorsed at a 1:1 ratio, which will also require postal ballot consent from shareholders. Furthermore, a wholly-owned subsidiary in the UK will be established, pending necessary approvals. Mr. Amit Rathi's status was reclassified from Promoter Group to Public Shareholder, subject to regulatory consents.