Arman Financial to raise ₹75 crore via NCDs

Arman Financial Services Limited announced its decision to issue 75,000 listed, rated, senior, secured, transferable, redeemable, non-convertible debentures (NCDs) with a face value of ₹10,000 each. This private placement aims to raise ₹75 crore, including a green shoe option of 25,000 NCDs valued at ₹25 crore. The debentures will be listed on the Wholesale Debt Segment of BSE Limited.

The NCDs will have a tentative tenure of 24 months from the deemed date of allotment, redeemed on the Final Redemption Date. They will offer a coupon/interest rate of 11.35% per annum, payable quarterly, and will be secured by way of book debts.

The issuance and allotment are contingent upon the receipt of the requisite credit rating letter, which is currently pending. The Finance & Investment Committee approved the issuance on November 26, 2025.