Key Event: Appointment of Chief Financial Officer
The Board of Directors of Arihant Capital Markets Limited has appointed Mr. Sanjeev Jain as Chief Financial Officer (CFO) of the company with effect from 20th August 2026.
Approval Process
The appointment was made based on the recommendation of the Nomination and Remuneration Committee of the Board and was approved by the Audit Committee of the Board.
Board Meeting Details
The meeting of the Board of Directors commenced at 03:30 P.M. and concluded at 4:15 P.M. on 20th August 2026.
Profile of Appointed CFO
Mr. Sanjeev Jain is a Chartered Accountant with over 22 years of post-qualification experience in financial reporting, budgeting, forecasting, treasury and funds management, audit, internal controls, risk management, and business process improvement.
Professional Experience
He has held senior finance and leadership positions across multiple sectors including financial services, insurance, manufacturing, aviation, petroleum, and banking. His specific roles include:
- Vice President – Support Services at Shriram Life Insurance Company
- Chief Financial Officer at Universal Cables Limited (an MP Birla Group company)
- Finance Controller at Ujaas Energy Limited (a listed company)
- Senior finance and control positions with Jindal Steel & Power, Oman Ceramics Co. SAOG, and Otis Elevator Company
International Experience
Mr. Jain has worked internationally as Head of Finance with Jindal Steel & Power in Tbilisi, Georgia, overseeing finance and reporting for the Oil & Gas division and reviewing processes across overseas locations including South Africa, Mozambique, and Australia. He also served as Finance Controller with Oman Ceramics Co. SAOG in Oman, managing financial reporting, budgeting, working capital, and Board-level financial reporting.
Additional Information
The intimation is being uploaded on the company's website. The disclosure was signed by Mahesh Pancholi, Company Secretary (M. No. F-7143).