arihant capital markets submitted a revised disclosure on May 30, 2026, regarding monetary penalties levied by BSE Limited and National Stock Exchange of India Limited. The penalties, totaling ₹26,03,506, were imposed for operational non-compliances and alleged reversal trades in the cash market segment. The company confirmed that these orders do not have a material impact on its financial position, operations, or other business activities.

Details of Penalties

BSE Limited imposed a total monetary levy of ₹1,20,000, comprising a financial disincentive of ₹1,00,000 and a monetary penalty of ₹20,000. The non-compliances were operational in nature, relating to BSE circular requirements on terminal location and Authorized Person (AP) inspection. The company noted that a PIN code discrepancy, where 452003 was listed instead of 452001, arose due to changes in postal jurisdiction, while the address remained correctly mapped. It added that the AP was inspected within the prescribed period but was subsequently closed.

National Stock Exchange of India Limited imposed a penalty of ₹24,83,506 regarding alleged reversal trades executed between two clients in the cash market segment. The company clarified that it acted merely as an intermediary providing a trading platform and that identifying such trades prior to execution is not practically possible. The penalty amount has been recovered from the respective clients and remitted to the exchange.

Corrective Measures and Impact

The company has taken note of the observations and has undertaken necessary corrective and compliance measures. It has sensitized staff regarding required compliances through internal communications and training sessions. Both penalties were debited in April 2026.

Arihant Capital Markets Limited confirmed that there is no other impact on its financials, operations, or other activities resulting from these orders.

Arihant Capital Markets Limited announced its audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported a consolidated net profit of ₹49.83 lakh for the quarter ended March 31, 2026, compared to ₹770.13 lakh in the corresponding period of the previous year. Q4 consolidated revenue came in at ₹4,904.28 lakh, up from ₹4,634.00 lakh in the same period last year. For the full fiscal year, the consolidated net profit stood at ₹3,146.25 lakh, a significant decrease from ₹5,870.28 lakh recorded in the previous year.

Total income for the year ended March 31, 2026, was ₹20,638.92 lakh, down from ₹24,801.08 lakh in the prior year. The total expenditure for the year was reported at ₹16,453.27 lakh. The board of directors has recommended a dividend of 50%, amounting to ₹0.50 per equity share on a face value of ₹1 each, for the financial year 2025-26. This dividend is subject to the approval of shareholders at the upcoming Annual General Meeting.

Financial Performance

The company's standalone net profit for the year ended March 31, 2026, was ₹3,261.72 lakh, compared to ₹5,298.41 lakh in the previous year. Total income on a standalone basis was ₹20,495.31 lakh for FY26, against ₹24,204.75 lakh in FY25. The board noted that the statutory auditors issued an unmodified opinion on the annual audited standalone and consolidated financial results. The following table summarises the key financial metrics across both consolidated and standalone bases:

Q4 Performance

On a quarterly basis, the company's performance reflected continued pressure on profitability alongside a modest improvement in revenue. The table below presents the Q4 year-on-year comparison:

Corporate Developments

The board accepted the resignation of Chief Financial Officer Uttam Maheshwari, effective from the close of business hours on May 31, 2026. Additionally, the board approved the shifting of the registered office within local limits from 601, Atlantis Tower to 603, Atlantis Tower, Plot No. 13-A, Scheme No. 78, Indore, Madhya Pradesh. This change is subject to requisite filings with the Registrar of Companies and other statutory authorities. The meeting of the board commenced at 4:00 PM and concluded at 5:50 PM on May 21, 2026, with the financial results reviewed by the audit committee and subsequently approved by the board.

Pursuant to Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company intimated the exchanges that newspaper advertisements containing the audited financial results were published in Choutha Sansar (Hindi Edition) and Free Press (English Edition) on May 22, 2026. The intimation was signed by Company Secretary Mahesh Pancholi.