Arihant Capital Markets Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
ARIHANTCAP · price
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Arihant Capital Markets Limited has informed the stock exchanges that its Board of Directors, at a meeting held on May 10, 2025, approved an amendment to the Object Clause (Clause 1) of the company's Memorandum of Association. The amended clause expands the company's permitted business activities to include merchant banking, portfolio management, acting as an Alternate Investment Fund (AIF) sponsor/manager, mutual fund operations, underwriting, broking, and registrar services for stocks, debentures, bonds, and other securities. This is a continuation of the company's earlier communication dated April 30, 2025. The amendment has been disclosed under SEBI Listing Regulations, with full details provided in Annexure A.
This amendment broadens the company's scope of permissible business and signals a potential move into new financial service segments such as AIF and mutual fund management. For shareholders, this indicates a strategic diversification push, though actual execution would require further regulatory approvals and board action.