Arihant Capital update: Preferential issue undersubscribed, affecting boost.

Arihant Capital Markets Limited announced that its preferential issue of equity shares, aimed at raising funds for business growth, working capital, and general corporate purposes, was significantly under-subscribed. While 105,00,000 shares were approved for issue on September 23, 2025, only 5,00,000 shares were actually allotted. This resulted in a deviation of 1,00,00,000 equity shares due to confirmation of subscription from only one of the proposed allottees.

The company raised ₹4,35,00,000 from the allotment, a stark contrast to the potential funds that could have been raised if the full issue had materialized. The entire raised amount of ₹4,35,00,000 has been fully utilized across the stated objectives. However, there was a 95.23% deviation from the original allocation targets for business growth, working capital, and general corporate purposes due to the under-subscription.

Despite the significant under-subscription, the company confirmed no deviation or variation in the use of the funds actually raised, and the audit committee found no adverse comments. This report was filed for the quarter ended September 30, 2025.