In an exchange filing, the company said that its Internal Inquiry Committee, on February 6, 2026, reported that certain unknown individuals, allegedly in connivance with employees of Anand Rathi IT Private Limited, a group company, committed offences including fraud, cheating and fabrication of documents and electronic records. The incident pertains to depository activities and not broking operations.
The company said the fraudulent transfers were carried out from the demat account of a Pune-based client, with the estimated impact on the listed entity pegged at around Rs 13 crore. Investigations are currently underway and the persons involved are yet to be identified, the regulatory filing added.
Anand Rathi said it is in the process of initiating appropriate legal action against the perpetrators, including registration of a First Information Report with the relevant law enforcement authorities.
The company added that necessary corrective measures have been identified and are at various stages of implementation, alongside steps to strengthen internal controls to prevent recurrence. It said further updates will be provided as and when required in accordance with listing regulations.
Last month, Anand Rathi Shares and Stock Brokers reported a 33% sequential rise in net profit to Rs 370 crore in Q3 from Rs 279 crore in the September quarter, supported by higher revenue and lower finance costs. Revenue from operations increased 9% QoQ to Rs 248 crore.
EBITDA for the quarter came in at Rs 101.2 crore, up 8.2% from Rs 93.5 crore in the previous quarter. Margins softened marginally by 40 basis points to 40.81% from 41.19% in September, but remained broadly stable.Operationally, total active clients grew 6% sequentially to 1.58 lakh from 1.49 lakh, while assets under custody rose to Rs 1.05 lakh crore from Rs 1.01 lakh crore. The margin trading facility (MTF) book expanded to Rs 1,231 crore from Rs 1,084 crore and now contributes about 18% to the overall topline.
Brokerage income improved to Rs 97.2 crore from Rs 88.5 crore in the previous quarter, with active broking clients increasing to 96,851 from 92,326. Chairman and Managing Director Pradeep Gupta said the company will continue to focus on de-risking and stabilising earnings by increasing exposure to non-broking segments.
Sensex, Nifty today: Catch all the LIVE stock market action here
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)