Arihant Capital Markets Limited has informed the Exchange regarding Board meeting held on July 25, 2025.
ARIHANTCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Arihant Capital Markets, at its meeting on July 25, 2025, approved issuing up to 1.05 crore equity shares on a preferential basis to non-promoter investors at ₹87 per share (face value ₹1, premium ₹86), potentially raising up to ₹91.35 crore. The shares will be allotted to three non-promoter allottees: Preeti Mahapatra (50 lakh shares), Harihara Mahapatra (50 lakh shares), and Premadevi Taparia (5 lakh shares), none of whom currently hold any shares in the company. After the allotment, each of the two main allottees will hold about 4.36% of the company, while Premadevi Taparia will hold 0.44%. The board also approved an Extra-Ordinary General Meeting (EGM) on August 21, 2025, via video conferencing, to seek shareholder approval for this preferential issue.
Existing shareholders will see their stake diluted once the shares are issued, but the company will raise up to ₹91.35 crore in fresh capital from new non-promoter investors. The issue price of ₹87 is the same for all allottees, and shareholder approval at the upcoming EGM is required before the allotment can proceed.