Northern Arc Capital Appoints Joint Statutory Auditors and Increases Capital via Employee Stock Option Allotment

Northern Arc Capital Appoints Joint Statutory Auditors and Increases Capital via Employee Stock Option Allotment​

Northern Arc Capital Limited announced key outcomes from its Board meeting held on July 10, 2026, approving both the appointment of a new Joint Statutory Auditor and the allotment of equity shares under its ESOP Plan.

The Board considered and approved the selection of M/s. R. Subramaniyan and Company LLP as the Joint Statutory Auditors of the company. This appointment is set for a term of three consecutive years, beginning from the conclusion of the 18th Annual General Meeting until the conclusion of the 21st Annual General Meeting, subject to member approval at the ensuing Annual General Meeting. The existing statutory auditors, M/s. Walker Chandiok & Co LLP, Chartered Accountants, will continue their tenure until the conclusion of the company's 19th Annual General Meeting.

Capital Structure Update Following ESOP Allotment​

In a significant operational update, the Board also approved the allotment of equity shares totaling 39,000 to option grantees who exercised their options under the Northern Arc Employee Stock Option Plan, 2016 and its related schemes.

The newly allotted equity shares are fully paid up and will rank pari-passu with the company's existing equity shares. This allotment results in an increase in the paid-up equity share capital of Northern Arc Capital Limited. The paid-up capital increased from Rs. 1,61,61,23,750 (representing 16,16,12,375 shares of Rs. 10 each) to Rs. 1,61,65,13,750 (representing 16,16,51,375 shares of Rs. 10 each).

The company stated that it will submit the necessary applications for listing and trading approval from BSE Limited and National Stock Exchange of India Limited in due course.

NORTHARC Stock Price Movement​

Northern Arc Capital Limited shares closed today, rallying by 5.90% to settle at ₹325.3, driven by robust post-market momentum. The strong finish occurred amidst considerable trading activity, with the stock performance placing it firmly near its 52-week high range.