Arihant Capital Penalized ₹1.2 Lakh by BSE, NSE

Date: May 28, 2026

Penalty Amount: ₹1,00,000 (Rupees One Lakh only)
Date of Debit: April 2026
Nature of Violations: Operational non-compliances relating to BSE circular requirements on:
Terminal location compliance
Authorized Person (AP) inspection
PIN code discrepancy (452003 instead of 452001)
Company Explanation:
PIN code discrepancy arose due to changes in postal jurisdiction/mapping
Address remained correctly mapped with only last digit discrepancy
AP was inspected within prescribed period but was subsequently closed
Company has requested waiver considering observations were inadvertent and procedural

Penalty Amount: ₹20,000 (Rupees Twenty Thousand only)
Date of Debit: April 2026
Nature of Violations: Alleged reversal trades executed between two clients in cash market segment
Company Explanation:
Trades executed by respective clients through their own trading accounts
Stockbroker acted as intermediary providing trading platform
Identification of reversal trades prior to execution not practically possible
Nature of such trades only identifiable through post-trade analysis
NSE recently introduced specific system for monitoring such reversal trades
Penalty amount recovered from concerned clients and remitted to NSE

Financial Impact: No material impact on financial position, operations, or other business activities
Quantifiable Impact: Limited to penalty amounts totaling ₹1,20,000

Necessary corrective and compliance measures already undertaken
Internal communications and training sessions conducted to sensitize staff about required compliances
Coordination with Exchange regulatory team for penalty waiver request (BSE matter)