Arihant Capital Markets Limited has received regulatory clearance from the Reserve Bank of India for its proposed merger plan. The company announced on 30th March, 2026, that it has obtained a No Objection Certificate (NOC) from RBI in connection with the Scheme of Amalgamation involving Arihant Financial Services Limited.

Regulatory Disclosure Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both major stock exchanges about this significant development through official communication.

Amalgamation Scheme Structure

The proposed scheme involves the merger of Arihant Financial Services Limited (AFSL) with Arihant Capital Markets Limited (ACML). This corporate restructuring initiative has now secured one of the key regulatory approvals required for completion.

Pending Approvals

While the RBI has granted its no objection certificate, the company has clarified that the Scheme of Amalgamation remains subject to other applicable regulatory and statutory approvals. The completion of the merger will depend on obtaining all necessary clearances from relevant authorities.

Company Information

Arihant Capital Markets Limited operates with its registered office in Indore, Madhya Pradesh, and corporate office in Mumbai. The company is incorporated under the Companies Act with CIN: L66120MP1992PLC007182. The disclosure was signed by Company Secretary Mahesh Pancholi, confirming the authenticity of the regulatory communication.

Arihant Capital Markets Limited has submitted newspaper publication notices to the Bombay Stock Exchange and National Stock Exchange of India regarding its postal ballot process for director re-appointments. The submission, dated March 25, 2026, was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Publication

The company has fulfilled its regulatory obligations by submitting copies of newspaper advertisements published in Free Press and Choutha Sansar to both stock exchanges:

Postal Ballot Resolutions

The postal ballot seeks shareholder approval on two special resolutions for director re-appointments:

Re-appointment of Joint Managing Director

Mr. Arpit Jain's re-appointment as Joint Managing Director is proposed for a five-year term effective from January 25, 2026. The appointment comes with specific remuneration terms:

Mr. Arpit Jain brings over 12 years of experience in the financial services sector, serving more than 2.5 lakh clients across 300+ cities through 800+ investment centers.

Independent Director Re-appointment

Mr. Jitendra Jain's re-appointment as Independent Director is proposed for a second consecutive term of five years from June 15, 2026, to June 14, 2031. He brings approximately 31 years of experience in corporate finance, capital markets, treasury, fund raising, M&A, risk management, and corporate strategy.

E-voting Process and Timeline

The company has engaged Central Depository Services India Limited (CDSL) to provide remote e-voting facility:

The postal ballot notice has been circulated electronically to members whose email addresses are registered with the Company, Registrar and Share Transfer Agent, or their respective Depository/Depository Participant. The complete notice is available on the company's website at www.arihantcapital.com and CDSL's e-voting platform at www.evotingindia.com .