Arihant Capital Markets Reports Monetary Penalties Imposed by BSE and NSE
Arihant Capital Markets Limited has provided a revised update concerning monetary penalties recently levied by the Bombay Stock Exchange (BSE) Limited and the National Stock Exchange of India Limited (NSE). The company confirmed that it has taken necessary corrective and compliance measures in response to the observations and orders passed by both exchanges.The penalties levied by the two exchanges pertain to operational and trading activities.
For BSE Limited, the financial disincentive and monetary penalties were related to non-compliances concerning terminal location and AP inspection requirements. The company noted that the only discrepancy found in the PIN code related to a change in postal jurisdiction, where the previously mapped PIN code was 452003 instead of 452001.
Regarding NSE Limited, the penalty was imposed on account of alleged reversal trades executed between two clients in the cash market segment. The company explained that the trades were executed through the clients' own trading accounts, with the stockbroker acting merely as an intermediary platform. Furthermore, the company mentioned that the penalty amount imposed by the NSE has since been duly recovered and remitted to NSE Limited.
Details of Penalties Imposed
The monetary levies and the nature of the violations are detailed below:| Authority | Nature and Details of Action/Penalty | Financial Implication | Details of Violation |
|---|---|---|---|
| BSE Limited | Imposition of a total monetary levy of ₹1,20,000. This amount comprises: 1. A financial disincentive of ₹1,00,000. 2. A monetary penalty of ₹20,000. | ₹1,20,000 | Non-compliances were operational in nature, relating to BSE circular requirements on terminal location and AP inspection. |
| NSE Limited | Imposition of a monetary penalty on reversal trades done by a group of clients. | Rs. 24,83,506 | The penalty was levied on account of alleged reversal trades executed between two clients in the cash market segment. |
According to the detailed information provided, both penalty amounts were debited in April 2026.
Arihant Capital Markets Limited stated that the aforesaid penalties do not have any material impact on the financial position, operations, or other business activities of the Company. The company also confirmed that it has sensitized its internal staff regarding the required compliances through internal communications and training sessions following the respective communications received from BSE and NSE.
ARIHANTCAP Stock Price Movement
Shares of Arihant Capital Markets Limited on Friday slipped by 2.36% to settle at ₹67.09. Trading saw a range between a high of ₹68.89 and a low of ₹66.6, with 103,364 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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