Anand Rathi Wealth sells stake in non-material subsidiary to promoter group entity

Anand Rathi Wealth Limited has completed the sale of its full equity shareholding in Freedom Wealth Solutions Private Limited, a non-material subsidiary. The transaction involved 2,371,625 equity shares, each with a face value of INR 10/-, to Aqua Proof Wall Plast Private Limited, for a total consideration of INR 5.37 crs. The share purchase agreement was executed on December 18, 2025, with the sale expected to be completed on the same date.

Aqua Proof Wall Plast Private Limited, the buyer, is identified as part of the promoter group of Anand Rathi Wealth. This transaction is considered a related party transaction but was conducted on an arm's length basis.

Freedom Wealth Solutions Private Limited recorded a total income of INR 40.63 Lakhs in the last financial year, contributing 0.04% to the parent company's income, and had a net worth of INR 588.14 Lakhs. The sale is outside of a scheme of arrangement and does not trigger compliance with Regulation 37A of SEBI LODR Regulations.