The board of directors of Arihant Capital Markets has set April 15, 2022 as the record date for the proposed 5-for-1 stock split.

The Company’s Board of Directors on 3 March 2022 approved the division of each share with a nominal value of Rs 5 each into five shares with a nominal value of Re 1 each (5 for 1).

Arihant Capital Markets provides stock brokerage service in India. The company’s consolidated net profit increased by 46.48% to Rs 13.11 crore on a 68.95% increase in total revenue to Rs 48.69 crore in Q3 Dec 2021 compared to Q3 Dec 2020 .

Arihant Capital Markets shares fell 1.61% to settle at Rs 393.85 on Friday.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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