Arman Financial Services Limited has informed the Exchange regarding Appointment of Mr Yash Shah as Independent Director of the company w.e.f. September 02, 2026.
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Arman Financial Services has announced the re-appointment of Mr. Jayendra Patel as Vice Chairman & Managing Director for a 5-year term starting September 1, 2026, subject to shareholder approval. Mr. Patel is the founder of the company with over 25 years of experience in the finance sector and has been with Arman since 1992. The board has also re-appointed Mr. Yash Shah as Independent Director for 5 years from September 2, 2026. Mr. Shah is a Chartered Accountant and partner at M/s Dhirubhai Shah & Co LLP, with expertise in M&A, IPOs, and valuations. Both appointments are subject to shareholder approval and were recommended by the Nomination & Remuneration Committee.
This is a routine governance action with no material impact on shareholders — both re-appointments ensure continuity in leadership. The Patel family continues to maintain control of the company through related directors on the board.