Arihant Capital Markets logo

Arihant Capital Markets CEO, MD, chairman, board of directors and AGM

NSE: ARIHANTCAPBSE: 511605Capital MarketsSmall Cap

Last close ₹88.76down ₹1.63 (1.80%)BSE ₹88.51

Share price at the NSE close on 23 Oct 2026. Previous close ₹90.39.

52-week range of traded prices to 23 Oct 2026
₹56.97Low, 30 Mar 2026₹120.00High, 24 Oct 2025
Market cap
₹973 Cr1,609th largest listed
P/E
24.2
P/B
2.2
Dividend yield
0.56%
ROE
9.7%
ROCE
11.5%
Debt to equity
0.54
Volume, NSE
5,22,10630.2% delivered

Arihant Capital Markets board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorAshok Kumar Jain
  • Managing director and CEOArpit Jain
  • Company Secretary and Compliance OfficerMahesh Pancholi

6 directors3 independent2 executive1 non-executive

  • Ashok Kumar Jain · Chairperson and managing directorExecutive · joined Jun 1992 · 1 listed board · 1 committee seat
  • Arpit Jain · Managing director and CEOExecutive · joined Jan 2021 · 1 listed board
  • Sunil Kumar JainNon-executive · joined Jun 1992 · 1 listed board · 2 committee seats
  • Ashish MaheshwariIndependent · joined May 2017 · reappointed Jul 2022 · 109 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Jitendra JainIndependent · joined Jun 2021 · reappointed Feb 2026 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Swanubhuti JainIndependent · joined Apr 2022 · reappointed Apr 2022 · 50 months as independent · 3 listed boards · 3 as independent · 3 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 21 May 20266 of 6 present3 independent · 100 days in between
    • 9 Feb 20266 of 6 present3 independent

  • Audit Committee

    Chair Ashish Maheshwari

    Sunil Kumar Jain, Jitendra Jain, Swanubhuti Jain

    • 21 May 20264 of 4 present3 independent · 100 days in between
    • 9 Feb 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Ashish Maheshwari

    Sunil Kumar Jain, Jitendra Jain, Swanubhuti Jain

    • 21 May 20264 of 4 present3 independent · 100 days in between
    • 9 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Ashish Maheshwari

    Ashok Kumar Jain, Sunil Kumar Jain, Jitendra Jain

    • 21 May 20264 of 4 present2 independent · 100 days in between
    • 9 Feb 20264 of 4 present2 independent

  • Risk Management Committee

    Chair Ashish Maheshwari

    Jitendra Jain, Arpit Jain

    • 21 May 20263 of 3 present2 independent · 100 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Ashok Kumar Jain

    Sunil Kumar Jain, Ashish Maheshwari

    • 21 May 20263 of 3 present1 independent · 130 days in between
    • 10 Jan 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Arora Banthia & TulsiyanPeer-review certificate valid to Apr 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Arihant Capital Markets AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Arihant Capital Markets dividend history

Annual general meeting, 26 Sep 2026

29,358 shareholders on the register on 19 Sep 2026; present: 7 promoters and 43 others; votes counted by VIRENDRA G. BHATT / VIRENDRA G. BHATT.The company's voting result (opens in a new tab)

  1. Considered and Adopted: a) The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Statutory Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 68.83% · promoters 100.00% · institutions 23.57% · other public 3.49%

  2. Declared the dividend of ₹ 0.50 (50%) per equity share of face value of ₹ 1.00 each fully paid-up for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 68.83% · promoters 100.00% · institutions 23.57% · other public 3.49%

  3. Appointment of Mr. Sunil Kumar Jain (DIN: 00184860), who retired by rotation and being eligible offered himself for a re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 68.83% · promoters 100.00% · institutions 23.57% · other public 3.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Apr 2026, 2 resolutions

31,371 shareholders on the register on 20 Mar 2026; votes counted by Virendra Bhatt / Virendra G Bhatt.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. ARPIT JAIN (DIN: 06544441) AS THE JOINT MANAGING DIRECTOR
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 64.91% · other public 0.10%

    Turnout: all 68.72% · promoters 100.00% · institutions 3.19% · other public 3.24%

  2. RE-APPOINTMENT OF JITENDRA JAIN (DIN: 08377285) AS AN INDEPENDENT DIRECTOR
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 68.72% · promoters 100.00% · institutions 3.19% · other public 3.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2025, 5 resolutions

25,082 shareholders on the register on 20 Sep 2025; present: 5 promoters and 34 others; votes counted by VIRENDRA BHATT / VIRENDRA G BHATT.The company's voting result (opens in a new tab)

  1. Considered and Adopted: The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Statutory Auditors thereon; and The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.41% · other public 17.42%

  2. Declared the final dividend of ₹ 0.50 (50%) per equity share of face value of ₹ 1.00 each fully paid-up for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.41% · other public 17.42%

  3. Appointed Mr. Arpit Jain (DIN: 06544441), as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.41% · other public 17.42%

  4. Appointment of Ms. Swati Jain at office or place of profit in the company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.41% · other public 17.42%

  5. Appointment of Secretarial Auditor
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.02% · promoters 100.00% · institutions 0.41% · other public 17.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Aug 2025, 1 resolution

26,603 shareholders on the register on 14 Aug 2025; present: 8 promoters and 40 others; votes counted by VIRENDRA BHATT / VIRENDRA G BHATT.The company's voting result (opens in a new tab)

  1. ISSUANCE OF EQUITY SHARES ON A PRIVATE PLACEMENT / PREFERENTIAL BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 71.05% · promoters 99.74% · institutions 6.56% · other public 4.68%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 31 Jul 2025, 1 resolution

27,108 shareholders on the register on 24 Jul 2025; present: 6 promoters and 33 others; votes counted by VIRENDRA BHATT / VIRENDRA G BHATT.The company's voting result (opens in a new tab)

  1. ALTERATION OF MEMORANDUM OF ASSOCIATION OF COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.04% · promoters 99.74% · institutions 0.31% · other public 4.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2024, 5 resolutions

Present: 7 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:na)tthe Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon; andnb)tthe Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 70.94% · promoters 99.74% · institutions 3.58% · other public 4.39%

  2. To declare dividend on the equity shares of the Company for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 70.94% · promoters 99.74% · institutions 3.58% · other public 4.39%

  3. To appoint a director in place of Mr. Sunil Kumar Jain (DIN: 00184860), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 70.94% · promoters 99.74% · institutions 3.58% · other public 4.39%

  4. APPOINTMENT OF STATUTORY AUDITOR TO FILL CASUAL VACANCY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 70.94% · promoters 99.74% · institutions 3.58% · other public 4.39%

  5. APPOINTMENT OF STATUTORY AUDITOR
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 70.94% · promoters 99.74% · institutions 3.58% · other public 4.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Jun 2024, 4 resolutions

Present: 6 promoters and 45 others.The company's voting result (opens in a new tab)

  1. ISSUANCE OF 50,00,000 WARRANTS CONVERTIBLE INTO EQUITY SHARES TO ENTITIES BELONGING TO THE PROMOTER GROUP OF THE COMPANY ON PREFERENTIAL BASIS
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 71.31% · promoters 100.00% · institutions 0.00% · other public 4.99%

  2. ALTERATION OF MEMORANDUM OF ASSOCIATION OF COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.31% · promoters 100.00% · institutions 0.00% · other public 4.99%

  3. RE-APPOINTMENT OF MR. ASHOK KUMAR JAIN (DIN: 00184729) AS CHAIRMAN AND MANAGING DIRECTOR WHO HAS ATTAINED THE AGE OF 70 YEARS
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.31% · promoters 100.00% · institutions 0.00% · other public 4.99%

  4. TO CONSIDER AND APPROVE THE INCREASE IN PAYMENT OF REMUNERATION OF MR. ARPIT JAIN, (DIN: 06544441), JOINT MANAGING DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 71.31% · promoters 100.00% · institutions 0.00% · other public 4.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Aug 2023, 10 resolutions

Present: 6 promoters and 32 others.The company's voting result (opens in a new tab)

  1. a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023, together with the Reports of the Board of Directors and report of the Statutory Auditors thereon;b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023, together with the Report of the Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  2. To declare Final Dividend on the equity shares of the Company for the financial year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  3. To resolve not to fill the casual vacancy caused by retirement of Mrs. Anita Surendra Gandhi (DIN: 02864338) who retire by rotation at the conclusion of this Annual General Meeting.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  4. APPROVAL FOR INCREASE IN REMUNERATION OF MS. SHRUTI JAIN HOLDING AN OFFICE OR PLACE OF PROFIT IN THE COMPANY.
    OrdinaryPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  5. AUTHORITY TO BORROW MONEY UPTO A SUM OF Rs. 500 CRORES OVER AND ABOVE THE PAID UP CAPITAL, FREE RESERVES AND SECURITIES PREMIUM OF THE COMPANY UNDER SECTION 180(1)(C) OF THE COMPANIES ACT, 2013:
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  6. TO CREATE CHARGE OVER THE ASSETS OF THE COMPANY IN FAVOUR OF BANKS AND/OR FINANCIAL INSTITUTIONS FOR LOANS BORROWED BY THE COMPANY PURSUANT TO SECTION 180(1)(A) OF THE COMPANIES ACT, 2013, UP TO Rs. 500 CRORESMoreLess
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  7. TO GIVE LOANS OR TO GIVE GUARANTEE(IES) OR TO PROVIDE SECURITY(IES) OR TO MAKE INVESTMENT(S) UPTO Rs. 100 CRORES UNDER SECTION 186 OF THE COMPANIES ACT, 2013
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  8. TO CONSIDER AND APPROVE THE ISSUANCE OF DEBENTURES ON A PRIVATE PLACEMENT BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  9. TO SALE OR TRANSFER OR DEMERGER OF THE WHOLE OF UNDERTAKING OF ARIHANT FINANCIAL SERVICES LIMITED (WHOLLY OWNED SUBSIDIARY) AS SPECIFIED UNDER SUB-CLAUSE (A) OF SUB-SECTION (1) OF SECTION 180 OF THE COMPANIES ACT, 2013MoreLess
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

  10. TO SALE OR TRANSFER OR DEMERGER OF THE WHOLE OF UNDERTAKING OF ARIHANT INSURANCE BROKING SERVICES LIMITED (WHOLLY OWNED SUBSIDIARY) AS SPECIFIED UNDER SUB- CLAUSE (A) OF SUB-SECTION (1) OF SECTION 180 OF THE COMPANIES ACT, 2013MoreLess
    Special
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 75.29% · promoters 100.00% · institutions 40.48% · other public 5.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyNSESince 30 Apr 2026

    Off Site Inspection

    Incorrectly reported margin collection from the clients
  • Fine or penaltyNSESince 10 May 2026

    Off Site Inspection

    Incorrect reporting of margin collection
  • Fine or penaltyNSESince 22 Apr 2026

    Show Cause Notice

    clients executed transactions that were matched and reversed with the same counter
  • Fine or penaltyNSESince 31 May 2026

    Off Site Inspection

    Non-settlement of client accounts
  • Fine or penaltyNSESince 22 Apr 2026

    Off Site Inspection

    Incorrect reporting of margin collection
  • Tax disputeCITSince 26 Mar 2022
    Pending at CIT Appeal
  • Tax disputeCITSince 28 Mar 2022
    Pending at CIT Appeal
  • Tax disputeCITSince 25 Mar 2022
    Pending at CIT Appeal
3 more
  • Tax disputeCITSince 25 Mar 2022
    Pending at CIT Appeal
  • Tax disputeCITSince 29 Jan 2021
    Pending at CIT Appeal
  • Tax disputeCITSince 7 Apr 2025
    Pending at CIT Appeal

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
OthersNov 2025–Issue Proceeds in money market instruments including money market mutual funds, deposits in scheduled commercial banks, securities Issued by government of India or any other investments––NoAudit committee: No comments from the CommitteeAuditors: No comments from the Auditors
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.