Arman Financial Services Limited has informed the Exchange regarding allotment of 125000 securities pursuant to Non Convertible Securities at its meeting held on March 25, 2026
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Arman Financial Services has allotted 1,25,000 senior, secured, listed, rated, taxable, redeemable non-convertible debentures of face value ₹10,000 each, raising ₹125 crore in total on a private placement basis. This includes a Green Shoe Option of 25,000 NCDs. The NCDs carry a coupon of 10.90% per annum, payable quarterly, and have a tenure of 30 months maturing on September 25, 2028. Principal redemption is scheduled in three tranches in the final 6 months. The debentures are secured by a first-ranking charge on receivables, rated 'Acuite A-' (stable), and will be listed on the BSE Wholesale Debt Market segment.
This is a debt raise of ₹125 crore at 10.90% interest, which will expand the company's borrowing capacity to support lending operations. Existing equity shareholders are not diluted, but the company adds ₹125 crore of secured debt obligations over 30 months. The 'Acuite A-' rating suggests moderate credit quality, and the coupon reflects current market rates for NBFCs of similar rating.