Dharni Capital Services: ED charge-sheet over ₹12.54 cr

What the company disclosed on August 2, 2026

Dharni Capital Services Ltd has disclosed that it received a charge-sheet from the Directorate of Enforcement (ED) on August 02, 2026. The disclosure said the filing is under the Prevention of Money Laundering Act (PMLA), 2002. The company stated the information was shared under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update names Dharni Capital Services and its Managing Director, Hemant Dharnidharka, as recipients of the ED document. The company also said that, at this stage, no formal charges or orders have been passed by the authority. It added that there is no immediate material impact on the company’s financial or operational activities. The statement said the firm continues to operate normally.

Who filed the charge-sheet and under which law

According to the filing, the ED’s Bengaluru Zonal Office filed the charge-sheet. The document is stated to be under Sections 44 and 45 of the PMLA, 2002. The allegation described in the disclosure relates to actions connected with “proceeds of crime.” The company’s disclosure positions the matter as being at the stage of a filed charge-sheet, with further process pending. It also indicates that the company is preparing its legal response. The update does not mention any arrest, attachment, penalty, or directive. It also does not mention any timeline for the next step.

The core allegation: layering and projecting funds as untainted

The charge-sheet allegation cited by the company involves facilitating the layering and laundering of ₹12,54,00,000. The filing also describes the alleged conduct as projecting or claiming the funds as untainted property. The company’s disclosure frames the ED’s action around financial transactions of the same amount. It states that the allegation is about assistance in activities connected with the proceeds of crime. No additional transaction counterparties or dates were provided in the material shared. The company did not disclose any quantified provision, liability, or expected cost arising from the proceeding. It also did not indicate any immediate operational restrictions.

Current status: no orders, company exploring legal remedies

Dharni Capital Services said that while the charge-sheet has been filed, no formal charges or orders have been passed at this stage. The company stated it is exploring all available legal remedies. It said these steps are intended to safeguard the interests of the company and its directors. The filing also states there is no immediate material impact on financial or operational activities. Management’s position, as described, is that business operations continue. The company also said it remains committed to defending its position and reputation. The disclosure did not provide a date for any hearing or the next procedural milestone.

What investors tracked in the market snapshots provided

The material provided includes multiple market snapshots for the company. One table lists a current share price of ₹65.00. Another snapshot states the current price of DHARNI is ₹56.25, down 9.95% in the past 24 hours. The same snapshot also states market capitalization of about ₹121 crore and a decline of 1.09% over the last week. Separately, the material also cites a market cap of ₹133 crore and another line stating market cap of ₹113 crore with a current price of ₹55.7. These figures reflect different snapshots included in the provided text, rather than a single unified exchange quote. The company is shown with BSE security code 543753 and ISIN INE0M9Q01011.

Business profile: diversified financial services

Dharni Capital Services Limited is described as providing diversified financial services in India. Its offerings include mutual fund distribution, fixed deposit distribution, real estate brokerage, technical consultancy, and outsourcing services. The business is also described as running a technology-enabled investment and financial services platform supporting end-to-end solutions for financial product distribution across online and offline channels. The company also provides bespoke advisory services such as financial restructuring, fund raising, succession planning, and estate planning, along with management consulting. The text states the company was incorporated in 2015 and is headquartered in Bangalore (Bengaluru). Hemant Dharnidharka is listed as CEO/Managing Director.

Financial snapshot from the provided data (converted to ₹ crore)

The provided fundamental and financial tables include trailing twelve months (TTM) and other figures. TTM revenue is listed as ₹125.27 million, which is ₹12.53 crore. TTM earnings are listed as ₹46.68 million, which is ₹4.67 crore, with EPS shown as 2.29 in one snapshot. Another snapshot lists revenue (FY) of ₹91.38 million (₹9.14 crore) and net income (FY) of ₹38.52 million (₹3.85 crore). A separate line states the profit for TTM is ₹4.38 crore, with ₹3.85 crore for Mar 2025 and ₹3.11 crore for Mar 2024. Net debt is stated as ₹3.74 crore as of Mar-26. Another metric set includes gross margin 63.94%, net profit margin 37.27%, and debt/equity ratio 14.7%.

Other regulatory declarations cited alongside the ED update

The material states Dharni Capital Services made dual regulatory declarations to BSE. It said the company confirmed its non-Large Corporate status under the SEBI framework, with outstanding borrowing of ₹5.36 crore. The company also reaffirmed SME listing exemptions from Annual Secretarial Compliance Report requirements under Regulation 24A. The text further states the company had previously declared on April 7, 2026 the non-applicability of the Annual Secretarial Compliance Report under Regulation 24A of SEBI LODR.

Key facts table

Contact and corporate details included in the material

The registered office address provided is 816, 7th Floor, Oxford Towers, Old Airport Road, Kodihalli, Bengaluru, Karnataka 560008. The email listed is info@dharnigroup.com and the website is https://www.dharnicapital.com. The registrar details mention Cameo Corporate Services Limited, with an email investor@cameoindia.com and Chennai address details as provided. These details were included in the supplied text alongside the regulatory update. The material also notes the company is not listed on NSE, while showing the BSE listing and the security ID DHARNI.

Why the disclosure matters for shareholders

The company’s statement combines two points investors usually look for in enforcement-related filings: the stage of the matter and any operational impact. Here, the company has said a charge-sheet has been filed, but no orders have been passed yet. It has also stated that there is no immediate material impact on operations or finances. At the same time, the allegation amount of ₹12.54 crore is significant relative to the company’s reported revenue scale in the provided figures. The next updates, if any, are likely to depend on the legal process described in the filing and any subsequent directions by the authority.

Conclusion

Dharni Capital Services has disclosed receipt of an ED charge-sheet under PMLA alleging facilitation of laundering of ₹12.54 crore, while stating no orders have been passed and operations continue normally. The company says it is exploring legal remedies, and further clarity is expected only as the process moves forward.