Arihant Capital Markets Limited appointed Sanjeev Jain as Chief Financial Officer effective August 20, 2026. The Board of Directors approved the appointment following recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jain is a Chartered Accountant with over 22 years of post-qualification experience in financial reporting, budgeting, forecasting, treasury and funds management, audit, internal controls, risk management, and business process improvement.

Professional background

Jain has held senior finance and leadership positions across financial services, insurance, manufacturing, aviation, petroleum, and banking sectors. His professional experience includes the roles listed below.

Jain also worked internationally as Head of Finance with Jindal Steel & Power in Tbilisi, Georgia, overseeing finance and reporting for the Oil & Gas division and reviewing processes across overseas locations including South Africa, Mozambique, and Australia. He additionally served as Finance Controller with Oman Ceramics Co. SAOG in Oman, managing financial reporting, budgeting, working capital, and Board-level financial reporting.

The Board meeting commenced at 3:30 am and concluded at 4:15 pm on August 20, 2026.

Arihant Capital Markets published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in newspapers on July 25, 2026, as required under Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements appeared in Free Press (English) and Choutha Sansar (Hindi), ensuring broad dissemination to stakeholders and the public. This procedural step follows the Board of Directors' approval of the results on July 24, 2026, confirming the company's adherence to disclosure norms while reinforcing transparency for investors monitoring its performance.

The Board meeting on July 24, 2026, approved the unaudited financials pursuant to Regulation 30 of the SEBI LODR Regulations, 2015. The Audit Committee reviewed the results, which were subjected to a limited review by statutory auditors Arora Banthia & Tulsiyan in accordance with Regulation 33. Chairman & Managing Director Ashok Kumar Jain certified the statements, confirming compliance with Indian Accounting Standard 34 (Ind AS 34). Company Secretary Mahesh Pancholi signed the intimation letter dated July 27, 2026, addressed to the Bombay Stock Exchange and National Stock Exchange.

Financial Performance Highlights

Standalone net profit rose 55.4% year-on-year to ₹1,892.32 lakh from ₹1,217.69 lakh in Q1FY25, driven by a 56.6% surge in fees and commission income to ₹4,010.45 lakh. Revenue from operations grew 50.1% to ₹7,513.46 lakh, up from ₹5,003.56 lakh in the prior period. Interest income contributed ₹2,157.95 lakh, while dividend income remained minimal at ₹1.19 lakh. Total expenditure increased to ₹5,023.13 lakh from ₹3,443.67 lakh, primarily due to higher fees and commission expenses of ₹2,411.83 lakh and finance costs of ₹706.32 lakh.

Consolidated net profit expanded to ₹2,148.94 lakh from ₹1,270.25 lakh in Q1FY25. Consolidated revenue from operations stood at ₹7,791.40 lakh, with broking and related activities contributing ₹7,695.13 lakh and financing activities adding ₹131.90 lakh. The consolidated pre-tax profit was ₹2,815.54 lakh, including a share of profit from associates of ₹95.85 lakh.

Segment and Operational Insights

The Broking & Related Activities segment delivered a pre-tax profit of ₹3,371.24 lakh, a significant improvement from ₹1,849.00 lakh in Q1FY25, underscoring brokerage services as the primary profit engine. The Financing Activities segment reported a modest pre-tax profit of ₹88.52 lakh, slightly down from ₹99.38 lakh in the prior year quarter, indicating stable but less dynamic performance in lending operations.

What the Numbers Show

The disproportionate growth in net gains on fair value changes—up 86.3% to ₹1,343.87 lakh—suggests that trading book performance played a critical role in boosting margins beyond operational fee income. While fees and commission income grew healthily by 56.6%, the volatility inherent in fair value gains implies that future profitability may remain sensitive to market conditions. Additionally, the consolidated results include the impact of a Composite Scheme of Arrangement approved in August 2025, involving Arihant Financial Services Limited and other group entities, which is pending regulatory approvals from the National Company Law Tribunal under Sections 230 and 232 of the Companies Act, 2013.