Arihants Securities Limited has announced significant changes to its top leadership, marking a new chapter in the company's management structure. The Board of Directors approved these changes in a meeting held on September 4, 2025, as per the company's filing with the Bombay Stock Exchange (BSE).

Key Leadership Changes

New Managing Director

Mrs. Aarisha, previously serving as a Non-Executive Director, has been elevated to the position of Managing Director. This appointment is subject to shareholder approval and will be effective from September 4, 2025. Mrs. Aarisha brings a fresh perspective to the role, having completed her B.Com degree and currently serving on the board of ASL Capital Holdings Private Limited.

Transition of Former Managing Director

Mr. Nishikant Mohanlal Choudhary, who has been with the company since its inception and served as the Managing Director, will transition to the role of Non-Executive Director. Mr. Choudhary's vast experience of over 30 years in the industry is expected to continue benefiting the company in his new capacity.

Family Ties and Corporate Governance

The leadership changes highlight the family connections within Arihants Securities Limited's management:

• Mrs. Aarisha is the daughter of Mrs. Rajshri Choudhary, the company's Chief Financial Officer (CFO).
• Mr. Nishikant Mohanlal Choudhary is Mrs. Aarisha's uncle.

Despite these family ties, the company has affirmed that both directors are not debarred from holding directorial positions by any regulatory authority, ensuring compliance with corporate governance standards.

Additional Board Decisions

The Board meeting, which lasted from 17:00 to 17:40 hours, also addressed several other important matters:

1. Approval of the Board's Report for the financial year 2024-2025.
2. Setting the date for the 31st Annual General Meeting (AGM) on September 29, 2025, to be held via video conferencing.
3. Establishing September 22, 2025, as the cut-off date for determining voting eligibility for the AGM.
4. Closure of the Register of Members and Share Transfer Books from September 22 to September 29, 2025.

Looking Ahead

Mrs. Aarisha's appointment as Managing Director is for a term of 5 years, subject to shareholder approval. This change in leadership could potentially bring new strategies and direction to Arihants Securities Limited as it moves forward in the financial services sector.

The company's proactive disclosure of these changes, in line with SEBI regulations, demonstrates its commitment to transparency and regulatory compliance. As Arihants Securities Limited enters this new phase of leadership, stakeholders will be keenly watching how these changes impact the company's future performance and direction.

Arihant's Securities Limited , a Chennai-based financial services company, has reported a significant turnaround in its financial performance for the first quarter. The company's board of directors approved the unaudited financial results, revealing a notable improvement in profitability.

Financial Highlights

• Net Profit: Rs 10.36 lakhs, compared to a loss of Rs 138.06 lakhs in the previous quarter
• Total Income: Rs 30.41 lakhs, including revenue from operations and other income
• Revenue from Operations: Rs 1.16 lakhs, primarily from dividend income
• Total Expenses: Rs 16.60 lakhs

Detailed Financial Performance

Key Points

• The company's primary source of revenue was dividend income, amounting to Rs 1.16 lakhs.
• Other income significantly contributed to the total income, reaching Rs 29.25 lakhs.
• Employee benefits expense stood at Rs 1.31 lakhs, while other expenses were Rs 2.25 lakhs.
• The company has a contingent liability of Rs 19.17 lakhs related to an income tax demand for the assessment year 2012-13, which is currently under appeal.

Compliance and Audit

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, except for Ind AS 109 Financial Instruments. The statutory auditors, N R Krishnamoorthy & Co, conducted a limited review of the financial results and found no material misstatements.

Board Meeting Details

The board meeting to approve these results was held on July 31, commencing at 16:00 hours and concluding at 16:30 hours. The results were subsequently submitted to the Bombay Stock Exchange in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Arihant's Securities Limited's turnaround from a loss in the previous quarter to a profit demonstrates a positive shift in the company's financial performance. Investors and stakeholders will likely be watching closely to see if this trend continues in the coming quarters.