Arman Financial Services Limited has informed the Exchange regarding Board meeting held on February 12, 2026.

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Price reactionminutes from the announcement price · days from the prior close

+3.4%Reaction day

₹1620.00

prior close

₹1620.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+4.9% vs market

Non Banking Financial Company (NBFC) peers, median of 199sector-0.4%+3.7% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 3.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.5

10m

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15m

+0.9

30m

-1.2

Sessions after the filingfrom the prior close

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Reaction day

+3.4-1.5+4.9-0.4+3.7

Next day

+4.7-2.2+6.9-0.7+5.4

+2.5-1.2+3.7-0.6+3.1

+4.1-0.9+5.0-0.9+5.0

+3.5-2.3+5.8-1.6+5.1

+0.8-2.5+3.3-1.4+2.2

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15d

-17.2-10.4-6.8-7.4-9.9

-16.1-11.3-4.8-8.8-7.3

-1.8-3.6+1.8-6.4+4.6

+12.3+3.9+8.5-2.9+15.2

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 199Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arman Financial Services reported Q3 FY26 (Dec 31, 2025) results. On a standalone basis, total income rose about 20% year-on-year to ₹5,396.76 lakhs in Q3 and ₹15,685.46 lakhs for 9M FY26, while standalone profit after tax was nearly flat at ₹939.86 lakhs in Q3 (vs ₹987.27 lakhs) and ₹3,076.31 lakhs for 9M FY26. On a consolidated basis, the picture was weaker: total income fell to ₹16,007.06 lakhs in Q3 and ₹47,028.23 lakhs for 9M, with the group slipping into a consolidated Q3 loss of ₹726.02 lakhs (vs profit of ₹799.41 lakhs a year ago) largely due to losses at subsidiary Namra Finance. The board also approved raising up to ₹500 crores via Non-Convertible Debentures on a private placement basis, in one or more tranches. The board approved a reshuffle of top management: Jayendra Patel moves from Vice Chairman & MD to Whole-Time Director, Aalok Patel becomes Vice Chairman & MD, and Vivek Modi is re-designated as Executive Director & Group CFO. Five senior management personnel were reclassified administratively. The auditor issued a clean limited review but flagged an emphasis of matter on the implementation of new labour codes effective November 21, 2025, noting assessment is still in progress.

Likely market impact

Shareholders should note the divergence between healthy standalone growth and weak consolidated performance driven by subsidiary losses, which may pressure the stock in the short term. The ₹500 crore NCD plan will further increase the consolidated debt-equity ratio (already 1.58x) and dilute earnings, though it supports business expansion. Management continuity is maintained through the family-led transition.