Arihant Capital Markets Limited has announced a significant acquisition by promoter group entities, with two Hindu Undivided Families (HUFs) converting warrants into equity shares. The transaction involves the acquisition of 5,000,000 equity shares, representing 4.56% of the company's paid-up share capital.

Acquisition Details

The acquisition was executed by Ashok Kumar Jain HUF and Arpit Jain HUF, both belonging to the promoter group. Each HUF acquired 2,500,000 equity shares through the conversion of warrants into equity shares via preferential allotment.

Transaction Structure

The acquisition was completed through warrant conversion with a 1:1 conversion ratio. The warrants were converted through preferential allotment, with the acquisitions taking place on February 17, 2026, and February 18, 2026, respectively.

Impact on Share Capital

The warrant conversion resulted in an increase in the company's equity share capital. The total number of equity shares outstanding increased by 50,00,000 shares following the conversion.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Both HUFs had no prior shareholding in the company before this acquisition. The company's shares are listed on both the National Stock Exchange of India Limited and Bombay Stock Exchange of India Limited.

The acquisition strengthens the promoter group's stake in the financial services company, with both HUFs now holding equal shareholdings of 2.28% each in Arihant Capital Markets Limited.

Arihant Capital Markets Limited has secured in-principle approval from both major stock exchanges for the issuance of 50,00,000 equity shares upon conversion of warrants to promoter category investors. The approval marks a significant corporate development for the financial services company as it moves forward with its capital expansion plans.

Stock Exchange Approvals

Both BSE Limited and NSE Limited granted their approval on February 06, 2026, for the preferential issuance. The approvals were communicated through specific reference numbers:

Share Issuance Details

The approved equity shares carry specific parameters that define the structure of this preferential allotment:

Regulatory Compliance Requirements

The stock exchanges have outlined specific compliance requirements that the company must fulfill. BSE has emphasized that the company should ensure compliance with Regulation 167 of SEBI (ICDR) Regulations and other specifications by SEBI from time to time.

Additionally, if the change exceeds two percent of the total paid-up share capital, the company must file the shareholding pattern in XBRL mode as required under Regulations 31(1)(c) of SEBI LODR Regulations, 2015.

Trading Approval Process

Trading approval for the shares will be granted only after the company submits several mandatory documents:

• Listing approval from the National Stock Exchange of India Ltd.
• Confirmation letters from NSDL/CDSL about crediting the shares to respective beneficiary accounts
• Confirmation about admitting the capital to the depository system
• Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)

Timeline and Next Steps

According to SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must make an application for trading approval to the stock exchanges within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified in the regulatory circular.

The shares will be listed and admitted to dealings on the exchanges upon receipt of confirmation from the depositories NSDL/CDSL for credit of beneficiaries' accounts. This development represents a structured approach to capital raising through warrant conversion, providing the company with additional resources while maintaining regulatory compliance.