CARE A- rating reaffirmed; outlook revised to Stable

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ARMANFIN · price

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

-2.8%Reaction day

₹1409.30

prior close

₹1389.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-3.2% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector-0.3%-2.4% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.4 pts less 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

-0.9

10m

-2.0

15m

-1.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8+0.4-3.2-0.3-2.4

Next day

-2.3+2.1-4.4+0.1-2.4

+0.8pendingpending+0.4+0.4

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15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

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

AI summary

CARE Ratings reaffirmed the CARE A- rating on the company's non-convertible debentures of ₹42.00 crore and proposed debentures of ₹28.89 crore. For Arman Financial Services and wholly owned subsidiary Namra Finance, the outlook was revised from Negative to Stable.

Likely market impact

The stable outlook lowers near-term downgrade risk on the rated debentures and may improve investor confidence in the company's borrowing profile.