Integrated Filing-Governance



General information about company

Scrip Code 544530
NSE Symbol ARSSBL
MSEI Symbol NOTLISTED
ISIN INE549H01021
Name of the entity Anand Rathi Share and Stock Brokers Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity There has been no acquisition of shares or voting rights by the Company aggregating to 5% or more of the shares or voting rights in an unlisted company or any change in holding exceeding 2% of the total shareholding or voting rights in the said unlisted company
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? No
Reason For Part E Of Annexure I Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity No tax litigation has been initiated against the company
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID coma01293
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination) It is hereby clarified for the period ended March 31, 2026, Regulation 21 of the SEBI (LODR) Regulations, 2015 viz. provisions of Risk Management Committee, were not applicable to the Company as the Company was listed on September 30, 2025. However, pursuant to the updated list of top 1,000 listed entities based on market capitalisation issued by Stock Exchanges, the Company now falls within this category. Accordingly, the relevant option for Market Capitalisation as per immediate previous financial year has been selected as Top 1000 listed entities and the Risk Management Committee marked as applicable.



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Pradeep Navratan Gupta 00040117 Executive Director Chairperson related to Promoter MD 20-Jul-1967 No Active NA 22-Nov-1991 01-Mar-2026 2 0 4 1
2 Mrs. Priti Pradeep Gupta 00030350 Non-Executive - Non Independent Director Not Applicable 23-Nov-1970 No Active NA 15-Jan-2018 08-Jul-2025 1 0 0 0
3 Mr. Roop Kishor Bhootra 00033180 Executive Director Not Applicable 09-Jul-1973 No Active NA 15-Jul-2017 15-Nov-2023 1 0 2 0
4 Mr. Vishal Laddha 00033628 Executive Director Not Applicable 23-Mar-1970 No Active NA 15-Jul-2017 15-Nov-2023 1 0 1 0
5 Mr. Vijay Kumar Agarwal 00058548 Non-Executive - Independent Director Not Applicable 29-Jun-1957 No Active NA 19-Sep-2024 19-Sep-2024 18.12 1 1 7 3
6 Mr. Suresh Mannalalji Kakani 06664365 Non-Executive - Independent Director Not Applicable 29-Apr-1962 No Active NA 05-Nov-2024 05-Nov-2024 16.26 1 1 1 0
7 Mr. Suresh Kishinchand Khatanhar 03022106 Non-Executive - Independent Director Not Applicable 25-Aug-1963 No Active NA 14-Nov-2024 14-Nov-2024 16.17 1 1 2 2
8 Mrs. Sudha Pravin Navandar 02804964 Non-Executive - Independent Director Not Applicable 02-Nov-1966 No Active NA 29-Nov-2024 29-Nov-2024 16.02 6 6 8 4



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03022106 Suresh Kishinchand Khatanhar Non-Executive - Independent Director Chairperson 15-Jan-2025
2 00033180 Roop Kishor Bhootra Executive Director Member 15-Jul-2017
3 00058548 Vijay Kumar Agarwal Non-Executive - Independent Director Member 29-Nov-2024
4 06664365 Suresh Mannalalji Kakani Non-Executive - Independent Director Member 18-Oct-2025



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00058548 Vijay Kumar Agarwal Non-Executive - Independent Director Chairperson 15-Nov-2024
2 06664365 Suresh Mannalalji Kakani Non-Executive - Independent Director Member 15-Nov-2024
3 03022106 Suresh Kishinchand Khatanhar Non-Executive - Independent Director Member 15-Nov-2024
4 00030350 Priti Pradeep Gupta Non-Executive - Non Independent Director Member 26-Jul-2025



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03022106 Suresh Kishinchand Khatanhar Non-Executive - Independent Director Chairperson 03-Jun-2025
2 00033180 Roop Kishor Bhootra Executive Director Member 19-Sep-2024
3 00033628 Vishal Laddha Executive Director Member 19-Sep-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00033180 Roop Kishor Bhootra ED Chairperson 15-Nov-2024
2 00058548 Vijay Kumar Agarwal ID Member 15-Nov-2024
3 03022106 Suresh Kishinchand Khatanhar ID Member 15-Nov-2024
4 99999999 Roshan Moondra Associate Director - Operations & IT Member 02-Aug-2023 Textual Information(1)
5 99999999 A. B. Rathi Senior Vice President Member 02-Nov-2023 Textual Information(2)



Text Block
Textual Information(1) During the quarter under review, Mr. Roshan Moondra was re-designated as Associate Director - Operations and IT. He is not the Director, but an employee of the Company. Further, he oversees day to day operations of the Risk Management Committee and therefore is the member of the Committee.
Textual Information(2) Not a Director, but an employee of the Company. Further, he oversees day to day operations of the Risk Management Committee and therefore is the member of the Committee.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 18-Oct-2025 Yes 8 7 3
2 14-Jan-2026 87 Yes 8 8 4
3 26-Feb-2026 42 Yes 8 7 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 18-Oct-2025 Yes 3 3 2 0
2 Audit Committee 14-Jan-2026 87 Yes 4 4 3 0
3 Audit Committee 26-Feb-2026 42 Yes 4 4 3 0
4 Nomination and remuneration committee 14-Jan-2026 Yes 4 4 3 0
5 Nomination and remuneration committee 26-Feb-2026 42 Yes 4 3 3 0
6 Stakeholders Relationship Committee 14-Jan-2026 Yes 3 3 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Chetan Prajapati
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://anandrathi.com/about-us
1.2 Memorandum of Association and Articles of Association Yes https://anandrathi.com/investors/Material_Document/1_MOA_&_AOA.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://anandrathi.com/about-us
2 Terms and conditions of appointment of independent directors Yes https://anandrathi.com/investors
3 Composition of various committees of board of directors Yes https://anandrathi.com/investors/Board-and-Committee-Composition/Board_and_Committee_Composition.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://anandrathi.com/investors/Policies/Code_of_Conduct_for_Board_and_SMP.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://anandrathi.com/investors/Policies/Vigil_Mechanism_Policy.pdf
6 Criteria of making payments to non-executive directors NA
7 Policy on dealing with related party transactions Yes https://anandrathi.com/investors/Policies/Policy_on_Related_Party_Transaction.pdf
8 Policy for determining material subsidiaries Yes https://anandrathi.com/investors/Policies/Determination_of_Material_Subsidiary.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://anandrathi.com/investors/Policies/Familiarization_of_Independent_Directors.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://anandrathi.com/investors/investcontacts/Investor_Contacts.pdf
11 Email address for grievance redressal and other relevant details Yes https://anandrathi.com/investors/investcontacts/Investor_Contacts.pdf
12 Financial results Yes https://anandrathi.com/investors
13 Shareholding pattern Yes https://anandrathi.com/investors
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://anandrathi.com/investors
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://anandrathi.com/investors
16 New name and the old name of the listed entity Yes https://anandrathi.com/investors/Material_Document/2_ARSSBL-COI_signed-22_11_1991.pdf
17 Advertisements as per regulation 47 (1) Yes https://anandrathi.com/investors
18 Credit rating or revision in credit rating obtained Yes https://anandrathi.com/investors
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://anandrathi.com/investors/Subsidiary_Financials/ARIVPL_Financials_March_2025_Final_Signed.pdf
20 Secretarial compliance report NA
21 Materiality policy as per regulation 30 (4) Yes https://anandrathi.com/investors/Policies/Materiality-policy.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://anandrathi.com/investors/investcontacts/Investor_Contacts.pdf
23 Disclosures under regulation 30(8) Yes https://anandrathi.com/investors
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://anandrathi.com/investors
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://anandrathi.com/investors/Policies/Dividend-Distribution-Policy.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://anandrathi.com/investors/Annual_Return/MGT-7_ARSSBL.pdf
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://anandrathi.com/investors/CorporateAnnouncement/Disclosure_under_46_and_62.pdf
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://anandrathi.com/investors
29 Disclosure of notes on website in terms of Listing Regulations explanatory The Company was listed on the Stock exchange(s) on September 30, 2025 (post conclusion of AGM). Therefore, the requirement of including Criteria of making payments to non-executive directors in Annual Report was Not Applicable on the Company. Hence, NA has been mentioned.


Text Block
Textual Information(1) The Company was listed on the Stock exchange(s) on September 30, 2025 (post conclusion of AGM). Therefore, the requirement of including Criteria of making payments to non-executive directors in Annual Report was Not Applicable on the Company. Hence, NA has been mentioned.



Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) NA
27 Quorum of Risk Management Committee meeting 21(3B) NA
28 Gap between the meetings of the Risk Management Committee 21(3C) NA
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) NA
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes Textual Information(1)



Text Block
Textual Information(1) It is hereby clarified for the period ended March 31, 2026, Regulation 21 of the SEBI (LODR) Regulations, 2015 viz. provisions of Risk Management Committee, were not applicable to the Company as the Company was listed on September 30, 2025. However, the Company has voluntarily formed Risk Management Committee for its internal monitoring and complies with the composition as mentioned in SEBI (LODR) Regulations, 2015. Thus, in compliance status of 21(1),(2),(3),(4), yes has been mentioned. Further, it is clarified that Regulation 21(3A), 21(3B) and 21(3C) are not applicable for the said period.



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided Textual Information(1)



Text Block
Textual Information(1) The Company has in place Policy for determining Material Subsidiaries, which was adopted by the Board of Directors at its meeting held on November 15, 2024 and later amended on October 18, 2025. However, as on the present date, the Company does not have any Material Subsidiary.



Annexure II
1 Name of signatory Chetan Prajapati
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. No Textual Information(2)
Name Tarak Kumarpal Shah
Designation Chief Financial Officer
Place Mumbai
Date 23-Apr-2026



Text Block
Textual Information(3) Not Applicable



Signatory Details
Name of signatory Chetan Prajapati
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 23-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 3
No. of investor complaints disposed off during the Quarter 3
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 National Stock Exchange of India Limited The member have not kept appropriate evidence in respect of the order placed by their clients. 19-Feb-2026 Violations in terms of the Exchange Circular No. NSE/INSP/53530 dated September 02, 2022, and / or NSE/INSP/70746 dated October 10, 2025 and Penalty of Rs. 25,000/- There is no material impact on financials, operations or other activities of the Company.
2 National Stock Exchange of India Limited The member have not kept appropriate evidence in respect of the order placed by their clients and has not maintained pre order confirmation of trades. 27-Feb-2026 Violations in terms of the Exchange Circular No. NSE/INSP/53530 dated September 02, 2022, and / or NSE/INSP/70746 dated October 10, 2025 and Penalty of Rs. 25,000/- There is no material impact on financials, operations or other activities of the Company.
3 Securities and Exchange Board of India Application Programming Interface of the Company remained integrated with certain algo platforms where description of algo strategies contained guaranteed returns/consistent profit and the act of association with aforesaid algo platforms was allegedly found to be in violation of Clause 4.2 of SEBI Circular SEBI/HO/MIRSD/DOP/P/CIR/2022/117 dated September 02, 2022 and Clause A (2) & A(5) of Schedule II for Code of Conduct read with Regulation 9 of SEBI (Stock Brokers) Regulations, 1992. 17-Mar-2026 Violation of Clause 4.2 of SEBI Circular SEBI/HO/MIRSD/DOP/P/CIR/2022/117 dated September 02, 2022 and Clause A (2) & A(5) of Schedule II for Code of Conduct read with Regulation 9 of SEBI (Stock Brokers) Regulations, 1992 and Penalty of Rs. 1,00,000/- There is no material impact on financials, operations or other activities of the Company.
4 BSE Limited Non adherence to leverage and exposure pertaining to Margin Trading facility 22-Jan-2026 Total of 9 instances were identified where Trading Member have exceeded maximum permissable exposure limit prescribed for the broker under Margin Trading Facility and Penalty of Rs. 10,000 was levied. There is no material impact on financials, operations or other activities of the Company.
5 National Stock Exchange of India Limited Penalty for 1. Non-Settlement of client funds 2. Delays in submission of minutes: Nomination & Remuneration Committee (Oct 21 & Nov 15, 2024) – 108 days; Board meeting (Jan 15, 2025) – 97 days; Audit Committee – 103 days. 30-Jan-2026 The Exchange observed that Member failed to settle client funds in all 16,679 instances (100%), totaling to Rs. 1,75,45,236.87 as of October 4, 2025 and therefore penalty of Rs. 87,700 was levied. There is no material impact on financials, operations or other activities of the Company.
6 BSE Limited Non-compliance with respect to Margin Trading Reporting Alerts of Stock Broker for reporting dates December 16, 2025 and December 29, 2025. 22-Feb-2026 The Exchange observed that the Company has accepted the non-compliance and attributed the same to inadvertent error while calculating the borrowing amount and therefore Penalty of Rs. 2,000 was levied There is no material impact on financials, operations or other activities of the Company.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute