Arihant Capital Markets Limited has informed the Exchange regarding Appointment of Virendra G. Bhatt as Secretarial Auditor of the company w.e.f. May 10, 2025.
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Arihant Capital Markets' board, at its May 10, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Consolidated FY25 total revenue from operations rose to ₹24,731.70 lakhs from ₹23,514.36 lakhs in FY24, but net profit fell to ₹5,870.28 lakhs from ₹7,051.04 lakhs. Basic EPS for FY25 stood at ₹5.64 versus ₹6.77 a year earlier. The board recommended a dividend of ₹0.50 per equity share (50% on face value of ₹1), subject to shareholder approval. Additionally, M/s Virendra G. Bhatt, Practicing Company Secretaries, was appointed as the new Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), replacing the previous auditor whose term ended March 31, 2025.
The dividend recommendation is a small positive for shareholders, but the notable decline in FY25 net profit (down ~16.7% YoY) and a sharp Q4 profit drop (down ~68.8% YoY) may weigh on near-term sentiment. The secretarial auditor change is routine, triggered by completion of the prior auditor's term.