Arihant Capital Markets Limited has informed the Exchange regarding Board meeting held on August 26, 2025.
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Arihant Capital Markets Limited's board, meeting on August 26, 2025, approved a draft Composite Scheme of Arrangement involving its group companies. The scheme amalgamates wholly-owned subsidiary Arihant Financial Services Limited (AFSL) into ACML with no share issuance, then demerges ACML's non-brokering businesses (NBFC, Merchant Banking, Distribution) into a new entity, Arihant Elite Financial Solutions Limited (AEFSL). Shareholders of ACML will get 1 equity share of AEFSL for every 1 share held (1:1 ratio), and AEFSL is proposed to be listed on BSE and NSE. The demerged undertaking represented only 2.18% of ACML's standalone turnover (₹7.65 crores out of total) for FY25. The board also approved shifting ACML's registered office within Indore from Lad Colony to Atlantis Tower. The scheme requires approvals from NCLT, SEBI, RBI, BSE, NSE, shareholders and creditors.
Existing ACML shareholders will automatically receive shares in the new listed entity AEFSL in a 1:1 ratio, giving them direct exposure to two separate listed businesses — retail broking (ACML) and NBFC plus merchant banking and distribution (AEFSL). This restructuring aims to unlock value through business segregation but introduces execution and approval risks over the coming months.