NANorthern Arc Capital544260Leadership appointment or

Board approves re-appointment of Ashish Mehrotra as MD & CEO for five years from April 01, 2027

Northern Arc Capital board met on November 03, 2026.

By ScoutQuest · Tue 3 Nov 2026, 5:25 PM IST · 2 min read

Profit for the quarter

Rs. 13,397.64 lakh

Profit for the half year

Rs. 25,577.56 lakh

MD & CEO re-appointment term

5 (five) consecutive years from April 01, 2027

Two decisions came out of the board meeting held on November 03, 2026, which ran from 02:30 P.M. to 04:40 P.M.

Leadership continuity

• Mr. Ashish Mehrotra (DIN: 07277318) has been re-appointed as Managing Director & Chief Executive Officer for a period of 5 (five) consecutive years with effect from April 01, 2027.
• The re-appointment is subject to the approval of shareholders, and was recommended by the Nomination and Remuneration Committee.
• His profile in the update notes that he has been associated with the company since July 1, 2021, joined the Board on February 14, 2022 and became Managing Director and Chief Executive Officer on April 1, 2022. His background is in retail and commercial banking, wealth management and insurance, and he holds a master's degree in business administration from the Institute of Management Studies, DAVV, Indore.
• The update states he is not related to any of the directors or key managerial personnel, and is not debarred from holding the office of director under any SEBI order or any other authority.

Results approved

• The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, after review and recommendation by the Audit Committee.
• The standalone results carry a limited review report from the joint statutory auditors, Walker Chandhiok & Co LLP and R. Subramanian and Company LLP.
• Total income for the quarter was Rs. 86,237.33 lakh, against Rs. 60,749.13 lakh in the same quarter a year earlier.
• Profit for the period was Rs. 13,397.64 lakh, against Rs. 9,477.90 lakh in the same quarter a year earlier.
• For the half year, total income was Rs. 1,63,257.57 lakh and profit for the period was Rs. 25,577.56 lakh.
• Basic earnings per share for the quarter was Rs. 8.29 on equity shares of face value of INR 10 each.

Other items placed before the board

• Disclosures of line items required along with the financial results, a security cover certificate, and a statement on utilisation of issue proceeds and any deviation or variation in their use, as at September 30, 2026.
• During the period, the board allotted fully paid-up equity shares of INR 10 each under the Northern Arc Employee Stock Option Scheme, 2016 and the Northern Arc Employee Stock Option Scheme, 2018.

Trading window

• The trading window for dealing in the company's securities stays closed for designated persons and their immediate relatives till November 05, 2026, and opens for trading with effect from November 06, 2026.

What this means for a retail reader

• A re-appointment is a continuity signal on who runs the company, with the change taking effect from April 01, 2027 and shareholder approval still to come.
• The results are unaudited and limited-review, not full-year audited numbers; the comparable period figures above let you judge the direction of income and profit yourself.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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