BSE, NSE clear Arihant Capital composite scheme of arrangement

Nclt Scheme FiledCore Business DivestedStrategic Transactions View source PDF Explain this filing

ARIHANTCAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹69.18

prior close

₹68.91

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-1.3% vs market

Stockbroking & Allied peers, median of 39sector+0.9%-1.3% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.3 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.2

10m

+1.4

15m

+1.4

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+0.9-1.3+0.9-1.3

Next day

+2.8+0.5+2.2+0.8+1.9

+8.1+0.7+7.4+0.8+7.3

+4.0+0.0+4.0+0.5+3.5

+2.8-2.0+4.8-1.5+4.3

+8.2-0.1+8.3+0.0+8.2

+6.6+1.4+5.2+1.3+5.3

15d

+17.8-1.4+19.3-0.8+18.7

+11.3+1.3+10.0-1.7+13.0

+13.7+3.8+10.0-2.9+16.6

+31.2+2.9+28.3-2.1+33.3

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arihant Capital Markets got 'no adverse observations' from BSE and 'no objection' from NSE on June 25, 2026 for its composite scheme. The scheme merges Arihant Financial Services into ACML, demergers distribution, merchant banking and NBFC businesses into Arihant Elite Financial Solutions, which then splits into two more entities. Next step is NCLT filing within 6 months.

Likely market impact

Positive step toward restructuring. Shareholders and creditors will vote on the scheme. Share-swap ratio and detailed disclosures to follow before NCLT approval.