Aryaman Capital Markets Limited has received a non-applicability certificate for SEBI Regulation 74(5) compliance for the quarter ended March 31, 2026. The certificate, issued by the company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirms that specific regulatory requirements do not apply to the company's current shareholding structure.

Regulatory Compliance Status

The certificate dated April 07, 2026, addresses the non-applicability of Certificate for Compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 for Q4FY26. This regulation was formerly known as Regulation 54 of SEBI (Depository and Participant) Regulations, 1996.

Shareholding Structure

According to the certificate, the regulation is not applicable to Aryaman Capital Markets because the entire holding of the company's shares are in demat form. Additionally, the Registrar and Share Transfer Agent confirmed that no requests were received from any members of the company for rematerialisation or dematerialization during the quarter ended March 31, 2026.

Submission to Stock Exchange

The company has formally submitted this certificate to BSE Limited on April 13, 2026, through a communication signed by Reenal Khandelwal, Company Secretary and Compliance Officer. The submission fulfills the company's regulatory reporting obligations under SEBI guidelines.

This regulatory compliance demonstrates the company's adherence to SEBI guidelines and maintains transparency with stock exchange authorities regarding its shareholding structure and dematerialization status.

Aryaman Capital Markets Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing varied performance across different time periods. The Board of Directors approved these results in their meeting held on February 12, 2026, marking the company's first quarterly disclosure following its migration to BSE's Main Board.

Quarterly Financial Performance

The company's Q3FY26 performance showed a decline compared to the same quarter in the previous year. Key financial metrics demonstrate the challenges faced during this period.

The revenue from operations declined significantly to ₹1,544.13 lakhs in Q3FY26 from ₹2,380.43 lakhs in Q3FY24. Other income remained relatively stable at ₹67.94 lakhs compared to ₹80.92 lakhs in the previous year's corresponding quarter.

Nine-Month Performance Analysis

The nine-month results present a more positive picture, with the company demonstrating growth in profitability compared to the same period last year.

For the nine months ended December 31, 2025, revenue from operations increased to ₹5,159.45 lakhs from ₹4,811.90 lakhs in the corresponding period of FY25. The net profit showed substantial improvement, rising to ₹2,347.76 lakhs from ₹1,739.26 lakhs, representing a growth of 34.99%.

Expense Management and Operational Efficiency

The company's expense structure varied significantly between quarters, impacting overall profitability. Total expenses for Q3FY26 stood at ₹850.95 lakhs compared to ₹1,083.94 lakhs in Q3FY24. Notable expense categories included:

• Purchase of Stock-in-trade: ₹186.97 lakhs (Q3FY26) vs ₹749.22 lakhs (Q3FY24)
• Changes in inventories: ₹646.95 lakhs (Q3FY26) vs ₹216.37 lakhs (Q3FY24)
• Finance Costs: ₹0.83 lakhs (Q3FY26) vs ₹92.56 lakhs (Q3FY24)
• Employee Benefit Expenses: ₹8.37 lakhs (Q3FY26) vs ₹16.54 lakhs (Q3FY24)

Corporate Milestone and Regulatory Compliance

A significant development for Aryaman Capital Markets was its successful migration from BSE's SME Board to the Main Board during the current financial year. This transition represents an important milestone in the company's growth trajectory and enhances its market standing.

The migration to the Main Board requires the company to prepare and present quarterly financial results, marking a shift from the previous half-yearly reporting requirement under SME Board listing. The results have been subjected to limited review by statutory auditors V.N. Purohit & Co., Chartered Accountants, ensuring compliance with regulatory standards.

Financial Position and Shareholder Returns

The company maintained consistent equity share capital of ₹1,197.71 lakhs with a face value of ₹10.00 per share throughout the reporting periods. Basic and diluted earnings per share for Q3FY26 stood at ₹4.78, reflecting the impact of reduced profitability during the quarter. However, the nine-month EPS of ₹19.60 demonstrates stronger overall performance for the extended period, indicating the company's ability to generate substantial returns for shareholders despite quarterly fluctuations.