Arihant Institute Limited has appointed M/s. Shreyas Athavale & Co. as its Secretarial Auditor for a tenure spanning five consecutive financial years. The Board of Directors approved the appointment during a meeting held on August 19, 2026, in Ahmedabad.

The new mandate covers the period from FY25-26 through FY29-30. This appointment serves to fill a casual vacancy created by the resignation of the previous secretarial auditor, M/s. Brajesh Gupta & Co.

Appointment Details

The firm is represented by CS Shreyas Chandrakant Athavale, who holds Membership No. A52266 and Certificate of Practice No. 20573. The firm’s Peer Review Certificate No. is 4153/2023.

The company confirmed that there is no relationship between the directors and the newly appointed auditor. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Arihant Institute Limited reported a net profit of ₹1.89 crore for the financial year ended March 31, 2026, reversing its performance from the previous year. The company's revenue from operations increased to ₹6.14 crore, while total income stood at ₹7.35 crore for the period. The Board of Directors approved the audited standalone financial results for the half year and year ended March 31, 2026, during a meeting held on May 30, 2026.

The company’s earnings per share (EPS) for the year was reported at ₹0.02 on a basic and diluted basis. Total expenses for the year amounted to ₹5.91 crore, which included depreciation and amortisation expenses of ₹4.56 crore. Arihant Institute did not declare any dividend during the year under consideration.

Financial Performance

The standalone financial results highlight a turnaround in profitability for the fiscal year. The following table details the key financial metrics for the year ended March 31, 2026, compared to the prior period:

Auditor's Observations

Statutory auditors Devadiya & Associates issued an unmodified opinion on the standalone financial statements. However, the report highlighted several key audit matters and compliance observations. The auditors noted that the company is not regular in depositing undisputed statutory dues, including GST, TDS, and Income Tax, with amounts outstanding as of March 31, 2026.

Additionally, the auditors reported that the feature of recording audit trail (edit log) facility was not enabled at the database level for payroll software and at the application layer for software relating to revenue, debtors, and creditors. The company also lacks information regarding the MSME status of its creditors, leading to a violation of MSME disclosure requirements.

Regulatory Disclosures

The company confirmed that it has not raised any funds through initial public offers, further public offers, or debt instruments during the year. It also stated that no funds were advanced or loaned to other persons or entities with the understanding that they would lend or invest in other identified persons. The auditor's report also emphasized that the company is in the process for the revocation of the suspension of its listing with the stock exchange, having paid necessary fees and fines.