Tax & Penalty29 May 2026, 07:53 pm
Arihant Capital faces ₹1.2 Lakh penalty from BSE & NSE
AI Summary
Arihant Capital Markets Ltd has disclosed that BSE Limited and National Stock Exchange of India Limited have levied monetary penalties on the company. The penalties, totaling ₹1,20,000, stem from non-compliances related to BSE circular requirements and alleged reversal trades. Arihant Capital has taken corrective measures and states that the penalties do not have a material impact on its financial position or operations. The company has requested a waiver of the BSE penalty and has recovered the NSE penalty from the clients involved in the reversal trades.
Key Highlights
- BSE imposed a financial disincentive of ₹1,00,000 and a monetary penalty of ₹20,000 on Arihant Capital.
- NSE levied a penalty for reversal trades amounting to ₹24,83,506 done by a group of clients.
- Arihant Capital has requested a waiver of the BSE penalty, citing inadvertent and procedural observations.
- The NSE penalty has been recovered from the clients involved in the reversal trades and remitted to NSE.
- Arihant Capital states that the penalties do not have a material impact on the company's financials or operations.
Price Impact
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