Arman Financial Services Limited has informed the Exchange regarding allotment of 4200 securities pursuant to Non Convertible Securities by way of circular resolution passed on July 01, 2025
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Arman Financial Services has allotted 4,200 senior, secured, rated, listed, transferable, taxable, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of Rs. 1,00,000, taking the total issue size to Rs. 42 crore. The NCDs carry a fixed coupon rate of 11.10% per annum, payable semi-annually, and have a 60-month (5-year) tenure with maturity on July 1, 2030. Principal repayment is structured as 99.99% on July 1, 2028 and 0.01% on the final maturity date. The NCDs are secured by book debts, rated CARE A- with a Negative outlook by CARE Ratings, and will be listed on the BSE Wholesale Debt Market Segment.
The company is raising Rs. 42 crore through debt at 11.10% interest, which is relatively expensive funding. The Negative outlook on the CARE A- rating signals some concern from the rating agency about the company's credit profile, which existing shareholders should note.