Arman Financial Services Limited — Others, 24-05-2025: Others

Arman Financial Services has announced a board meeting to approve fundraising via private placement of 4,000 secured, listed, rated non-convertible debentures worth Rs. 40 Cr. Each NCD carries a face value of Rs. 1 lakh, with a 36-month tenure and an 11.40% annual interest paid monthly. Redemption begins quarterly from September 2025, secured by book debts. A 2% additional annual interest applies if payments are delayed beyond three months. The NCDs will be listed on BSE with trustee services by IDBI Trusteeship.