Arman Financial Services Limited has appointed Chandramouli Akkiraju as Chief Business Officer of its wholly owned subsidiary, Namra Finance Limited. The appointment was effective October 16, 2026, designating him as Senior Management Personnel of the subsidiary.

Akkiraju returns to Namra Finance after serving as Chief Operating Officer from 2017 to 2023. During his previous tenure, he oversaw the expansion of the company's microfinance Assets Under Management (AUM) from approximately ₹90 crore to ₹1,500 crore. His new role involves overseeing the company's microfinance portfolio.

Professional Background and Experience

Akkiraju holds a Master's degree in Business Management from Andhra University and a certification in risk management from the Asian Institute of Management, Philippines. He brings over 25 years of experience in the financial services sector. His professional history includes associations with BASIX, KBS Local Area Bank, Belstar Financial Services, Heritage Finlease Limited, and Namra Finance Limited.

His career spans domestic and international markets, with exposure to 22 states in India and 12 countries overseas, primarily in Africa. As a consultant, he secured assignments for agricultural value chain financing with IFC in India and Micro Lead Cameroon with UNCDF. He also provided advisory services on agricultural value chain risk management to OIKO Credit's subsidiary in India.

Key Career Milestones

Regulatory Disclosure Details

The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Akkiraju is not related to any Director of Namra Finance Limited or Arman Financial Services Limited. The disclosure references SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Arman Financial Services Limited filed a statement with BSE containing details of International Securities Identification Numbers (ISIN) for five series of private placement debt securities issued under SEBI regulations.

The filing, dated October 1, 2026, complies with Chapter VIII of Clause 9.1(a) of the SEBI Master Circular dated October 15, 2025. The document outlines the terms of non-convertible debentures (NCDs) issued between June 2025 and March 2026.

Issuance details and coupon rates

The company issued five distinct tranches of debt securities with varying maturities and coupon structures. The total amount issued across these five instruments is ₹4.07 crore. One tranche shows a reduction in outstanding amount, indicating partial redemption or repayment since its issuance in June 2025.

Note: The coupon rate for the first tranche was revised from 11.40% to 11.65% with effect from September 23, 2025.

Trustee assignments and regulatory compliance

The debt securities are managed by three different trustees. IDBI Trusteeship Services Limited oversees the first tranche. Catalyst Trusteeship Limited manages the second tranche. Vardhman Trusteeship Private Limited serves as the trustee for the remaining three tranches issued in late 2025 and early 2026.

None of the disclosed instruments contain embedded put or call options. The filing confirms that all listed securities are currently outstanding, except for the first tranche where the outstanding balance is lower than the issued amount.

What the Numbers Show

A review of the issuance timeline reveals a concentration of capital raising activity in the first half of FY26. Two large tranches totaling ₹25.00 crore were issued in January and March 2026, both carrying a quarterly payment frequency. This suggests a strategic shift towards shorter-term liquidity management or specific project funding needs during this period, distinct from the longer-dated semi-annual instrument issued in mid-2025.