Revised Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
ARIHANTCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arihant Capital Markets has disclosed monetary penalties levied by both BSE and NSE. BSE imposed a total penalty of ₹1.20 lakh (₹1 lakh financial disincentive + ₹20,000 monetary penalty) for operational non-compliances including a PIN code discrepancy in exchange records and an AP (Authorised Person) inspection issue. Separately, NSE levied a penalty of ₹24.83 lakh on account of alleged reversal trades executed between two clients in the cash market segment. The company stated it acted merely as an intermediary providing a trading platform and that such trades cannot be identified before execution. Both penalty amounts were debited in April 2026. The company has requested a waiver from BSE and has already remitted the NSE penalty. The company claims no material impact on its financial position or operations.
The penalties are relatively small for the BSE issue but the NSE penalty of ₹24.83 lakh is significant. While the company claims no material impact, this disclosure reveals regulatory scrutiny on operational compliance and trading surveillance practices. Investors should monitor if such penalties recur, as they could indicate systemic compliance gaps.