Financial Analyst Summary: Arihant Capital Markets Limited Regulatory Response
Summary of Company's Response
Arihant Capital Markets Limited has provided a detailed clarification to the National Stock Exchange of India Limited regarding discrepancies identified in its XBRL submission of Consolidated Financial Results for the period ended March 31, 2026, which were originally submitted on May 21, 2026.
Date and Nature of Exchange Query
- Date of Exchange Observation: June 17, 2026
- Date of Company Response: June 22, 2026
- Nature of Query: The NSE identified three specific discrepancies between the XBRL submission and the PDF version of the company's consolidated financial results:
- Consolidated P&L figures mismatch
- Segment details mismatch
- Consolidated net cash flows from operating activities figure mismatch
Company's Clarification on Discrepancies
a. Consolidated P&L Figures Mismatch
The company attributed the discrepancy to a clerical error during the XBRL filing process. Specifically, the figure for "Share of profit/(loss) of associates and joint ventures accounted for using the equity method" was reported under an incorrect column and without the appropriate negative sign. The company confirmed that the PDF version figures are correct and that the error was limited to the XBRL submission with no impact on the actual financial results.
b. Segment Details Mismatch
The discrepancy in segment details was caused by inadvertent errors in the reporting of decimal values in the XBRL filing. The company stated these were point-wise decimal mismatches that do not have any material impact on the financial information disclosed.
c. Net Cash Flows from Operating Activities Mismatch
This discrepancy was identified as consequential to the error in point (a). The mismatch in net cash flow from operating activities resulted directly from the incorrect reporting of the "Share of profit/(loss) of associates and joint ventures" figure. The company confirmed that upon rectification of the primary error, the cash flow figures would align with the PDF version.
Regulatory Compliance Reference
The company's response implicitly addresses compliance with SEBI Listing Obligations and Disclosure Requirements through its commitment to rectify filing discrepancies and ensure accuracy in regulatory submissions.
Corrective Actions
Arihant Capital has taken necessary steps to ensure corrected information is reflected in a revised XBRL filing and has formally requested permission from the NSE to submit revised Consolidated XBRL financial results to rectify the inadvertent errors.