Arman Financial Services Limited has informed the Exchange regarding allotment of 4000 securities pursuant to Non Convertible Securities at its meeting held on Jun 05, 2025
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Awaiting price reaction for this filing.
Arman Financial Services has allotted 4,000 senior, secured, rated, listed, transferable, taxable, redeemable non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹40 crore. The NCDs are denominated in INR and have been rated 'Acuité A' with a Negative outlook by Acuité Ratings & Research. The allotment was approved by the Board of Directors via a circular resolution on June 5, 2025. The company has not disclosed the coupon rate or the end-use of proceeds in this filing.
The ₹40 crore NCD raise increases the company's debt obligations, and the Negative outlook on the rating warrants attention from investors on the company's asset quality and earnings trajectory. Shareholders should watch for further disclosures on the coupon rate and purpose of the fundraising to gauge any dilution of returns or impact on capital adequacy.