Anand Rathi Share and Stock Brokers Ltd has settled a case with the Securities and Exchange Board of India (Sebi) by paying Rs 90.2 lakh in response to alleged violations of stockbroker norms. The settlement follows a proposal from the brokerage firm, which sought to resolve the case without admitting or denying the findings. The allegations revolve around issues related to transparency, due diligence, and improper handling of client orders and trading records in relation to KPIT Technologies Ltd.