Arihant Capital Markets Limited has informed the Exchange regarding Resignation of Uttam Maheshwari, CFO as Chief Financial Officer of the company w.e.f. May 31, 2026.
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Arihant Capital Markets announced CFO Uttam Maheshwari's resignation effective May 31, 2026. The company also reported FY26 standalone revenue of ₹20,440.41 lakhs (down 15% YoY from ₹24,135.60 lakhs) and consolidated revenue of ₹20,638.92 lakhs (down 17% YoY). Standalone net profit fell to ₹3,261.72 lakhs from ₹5,298.41 lakhs YoY, while consolidated net profit dropped to ₹3,146.25 lakhs from ₹5,870.28 lakhs. Basic EPS stood at ₹2.98 for standalone and ₹2.87 for consolidated. The board recommended a dividend of ₹0.50 per share (50%) for FY26, subject to shareholder approval. Additionally, the registered office will shift within Indore city limits.
The CFO resignation creates a leadership gap at a critical time as the company faces declining profits and revenue. Investors should monitor the appointment of a new CFO, as this key managerial change could impact financial oversight and investor confidence in the near term.