Arihant Capital Markets Limited announced that Mr. Tarun Goyal, Chief Financial Officer of the Company has tendered his resignation due to personal reasons vide the Letter of Resignation dated November 09, 2023 and the Board of Directors of the Company noted the same. Consequently, Mr. Tarun Goyal will cease to be Chief Financial Officer of the Company and will be relieved from the services of the Company with effect from close of business hours on November 30, 2023. Further, Mr. Tarun Goyal has confirmed that there are no material reasons for his resignation other than those mentioned in his Letter of Resignation letter dated November 09, 2023.

The Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee of the Board and as approved by the Audit Committee of the Board has appointed Mr. Uttam Maheshwari as Chief Financial Officer of the Company with effect from December 1, 2023. Mr. Uttam Maheshwari is a qualified Chartered Accountant with an experience of over 11+ years in Project and Corporate finance from Bankers and NBFCs, Preparation and Finalization of Annual Financial Statements for various Companies, Costing for various companies, Fund arrangement to meet out cash liquidity & Margin Analysis with respect to exchange guidelines.