Arman Financial Services allots ₹75 crore in debentures

Arman Financial Services Limited announced the allotment of 75,000 listed, rated, senior, secured, transferable, redeemable, non-convertible debentures (NCDs), including a green shoe option of 25,000 debentures, each with a face value of ₹10,000. This brings the total issue size to ₹75 crore. The allotment was made via a circular resolution dated December 4, 2025.

These NCDs, with ISIN INE109C07121, have a tenure of 24 months and 1 day from the date of allotment (December 4, 2025), maturing on December 5, 2027. They offer an 11.35% per annum coupon/interest, payable quarterly starting March 5, 2026, until maturity. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.

The debentures will be secured by a first-ranking exclusive and continuing charge over receivables through hypothecation, benefiting the debenture trustee. Vardhaman Trusteeship Private Limited has been appointed as the trustee to the issue. Furthermore, the debentures have received a rating of "ACUITE A-" with a Stable outlook from Acuite Ratings & Research Limited. In case of payment default, the company will be liable to pay an additional interest of 2% per annum over the applicable interest rate.