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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1.The above unaudited Standalone Financial Results of the Company for the Quarter and half year ended on September 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors in the Meeting held on November 07, 2024. The Statutory Auditors have conducted Limited Review of these results in terms of Regulation 33 of the Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015.   2.The Company has sold entire shareholding of its wholly owned subsidiaries Arihant Institute of Financial Education Private Limited on July 31, 2023 for a total consideration of Rs. 58.75 Lacs.The Company has recognized gain of Rs 33.75 lacs in exceptional item in the Standalone Financial Statements.   3.During the quarter ended September 30, 2024, the company has issued 50,00,000 (Fifty Lakh) Convertible Warrants on a preferential basis at an issue price of Rs. 68.50 per warrant to entities belonging to promoter group approved by Board of Directors in their meeting held on May 25, 2024 and approved by members at their Extra Ordinary General Meeting held on June 21, 2024, and consequent to the in-principal approval granted by BSE Limited and National Stock Exchange of India Limited vide their respective letters dated August 05, 2024 and August 02, 2024 respectively. Each Convertible Warrant entitles the holder to convert one (1) warrant into one (1) equity share of the company.   4.During the quarter ended September 30, 2024, the company classified its entire investment in its wholly owned subsidiary, Arihant Insurance Broking Services Limited (‘AIBSL’), as 'Assets Held for Sale' following the approval received from the Insurance Regulatory and Development Authority of India (IRDAI) in its letter dated August 29, 2024, for the proposed transaction.   5.During the quarter ended September 30, 2024, the company redeemed 1000 no. of Non-Convertible Secured 9.5% Debentures having face value of Rs. 1,00,000/each amounting of Rs. 1000 lacs which was repayable at the expiry of term of 1 year.    6.Previous period / year figures have been regrouped / reclassified, wherever found necessary, to conform to current period / year classification.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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