Resignation of Chief Financial Officer (CFO)
ARIHANTCAP · price
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Arihant Capital Markets' Board accepted the resignation of its Chief Financial Officer, effective from the close of business on May 31, 2026. The Board placed on record its appreciation for the CFO's valuable contributions and dedicated services during their tenure. The same Board meeting also approved the audited financial results for Q4 and FY2026 — the company reported standalone net profit of ₹303.46 Lacs for the full year (vs ₹5,298.41 Lacs in FY2025) and consolidated net profit of ₹49.83 Lacs for Q4. Revenue from operations for the standalone year stood at ₹20,440.41 Lacs, down from ₹24,135.60 Lacs in the prior year. The Board recommended a dividend of ₹0.50 per equity share (50% on face value of ₹1) subject to shareholder approval. Additionally, the company shifted its registered office within Indore city from 601 to 603 Atlantis Tower, Plot No. 13-A, Scheme No. 78.
The CFO's resignation effective May 31 leaves a key position vacant at a time when the company is pursuing a composite scheme of arrangement and dealing with declining profitability. Investors should monitor for the appointment of a replacement, as CFO transitions can raise governance concerns, especially in a broking and financial services firm.