Promoters of arihant capital markets , along with persons acting in concert, collectively hold 67.67% of the total shareholding as on March 31, 2026. The disclosure confirms that the group holds 7,41,80,160 equity shares. The company further stated that no encumbrance was created, directly or indirectly, on the shares held by the promoters during the financial year ended March 31, 2026.

The disclosure was submitted in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made by CA Ashok Kumar Jain, Promoter and Chairman & Managing Director of Arihant Capital Markets Limited.

Promoter and Promoter Group Holdings

The breakdown of the shareholding among the promoter group reveals that Ashok Kumar Jain holds the largest individual stake. The following table details the holdings of each member of the promoter and promoter group.

The total number of shares held by the promoter and promoter group stands at 7,41,80,160. The information was addressed to the Department of Corporate Services at Bombay Stock Exchange Limited, the Listing Department at National Stock Exchange of India Ltd, and the Audit Committee of the company.

Arihant Capital Markets Ltd received 'no adverse observations' from BSE Limited and 'no objection' from the National Stock Exchange of India Limited on June 25, 2026, for its composite scheme of arrangement. The exchanges issued observation letters enabling the company to proceed with filing the draft scheme with the National Company Law Tribunal (NCLT), subject to compliance with specific conditions. The scheme involves Arihant Financial Services Limited, Arihant Capital Markets Limited, Arihant Elite Financial Solutions Limited, Arihant Investment Banking Services Limited, and Arihant Money Marvel Wealth Management Limited.

The observation letters from both exchanges outline mandatory compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company must ensure the scheme adheres to Regulation 11 of the LODR Regulations and discloses all details of ongoing adjudication, recovery proceedings, and enforcement actions against the company, its promoters, and directors to the NCLT and shareholders. Additionally, any changes to the draft scheme require specific written consent from SEBI.

Regulatory Conditions and Disclosures

The exchanges have stipulated comprehensive disclosure requirements to be included in the explanatory statement sent to shareholders. These disclosures are intended to enable informed decision-making and include:

• A small explanation of the scheme, the rationale, synergies, and a cost-benefit analysis.
• Details of the Registered Valuer and Merchant Banker, along with the summary of methods used to determine the share-swap ratio.
• Latest financials of all involved companies not older than six months from the date of the stock exchange's No Objection Certificate (NOC).
• Pre and post-scheme shareholding patterns and capital build-up for the last three years.
• Quantitative details of the impact on reserves for all entities involved.

Listing and Operational Requirements

Arihant Elite Financial Solutions Limited (AEFSL) is advised to complete the listing of its securities and commence trading within sixty days of receiving the NCLT order. The validity of the observation letters is six months from June 25, 2026, within which the scheme must be submitted to the NCLT. The exchanges reserve the right to withdraw their observations if any information provided is found to be incomplete or misleading.