Receipt of Certificate of Registration as a NBFC (NBFC-ND-ICC) by Aryaman Finance (India) Limited, a Wholly Owned Subsidiary
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Aryaman Financial Services Ltd has informed the BSE that its wholly owned subsidiary, Aryaman Finance (India) Limited, received a Certificate of Registration from the Reserve Bank of India on December 24, 2025 to operate as a Non-Banking Financial Company (Type II NBFC-ND-ICC). The subsidiary was incorporated earlier in 2025, with additional capital infused subsequently. The NBFC licence allows the subsidiary to carry on the business of a non-banking financial institution, but it is not valid for accepting public deposits. The listed parent company stated the impact on itself as 'Not Applicable' in its disclosure.
This is a structural milestone — the subsidiary can now begin NBFC operations, potentially opening a new revenue stream for the group over time. In the near term, no immediate financial impact on the parent, and the NBFC cannot accept public deposits, limiting its funding options.