Arman Financial Services Limited has announced the allotment of 125,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each. The total aggregated value of this private placement issue amounts to ₹125 crore. The tenure of these NCDs is 30 months from the date of allotment, which was January 29, 2026. Consequently, the maturity date is scheduled for July 29, 2028. The NCDs carry a coupon or interest rate of 11.35% per annum, payable quarterly. The first interest payment is due on April 29, 2026, with subsequent payments on a quarterly basis until maturity. The principal amount will be redeemed in installments, with ₹3,000, ₹3,000, and ₹4,000 per debenture due on January 29, 2028, April 29, 2028, and July 29, 2028, respectively. The NCDs are secured by a first-ranking charge over the company's receivables, including present and future receivables. The issue has been rated "ACUITE A-" with a Stable outlook by Acuite Ratings & Research Limited. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
