Arman Financial Services achieved a record Assets Under Management (AUM) of INR2,728 crores in FY26, representing a year-on-year growth of 22%. The company reported its highest-ever quarterly disbursements of INR951 crores during the financial year. Consolidated Profit After Tax (PAT) for the quarter stood at INR41 crores, registering a growth of 85% sequentially and 220% year-on-year. For FY26, PAT stood at INR57 crores, reflecting a year-on-year growth of 9%.

The Microfinance business AUM stood at INR1,999 crores, registering a growth of 19% on a year-on-year basis. Disbursements for Q4 FY26 stood at INR738 crores, reflecting a growth of 88% year-on-year and 62% sequentially. Gross total income for Q4 FY26 stood at INR117 crores, while for the full year, it stood at INR433 crores. Pre-provisioning operating profit improved to INR41 crores for the quarter and INR143 crores for the full year. Profit after tax for the Microfinance business stood at INR29 crores in Q4 FY26 and INR13 crores for the full year.

Asset quality trends improved throughout FY26, with Gross Non-Performing Assets (GNPA) standing at 3.4% and Net Non-Performing Assets (NNPA) reducing to 0.95%. The company strengthened its portfolio protection framework, with approximately 90% of the Microfinance portfolio now covered under the Credit Guarantee Fund for Micro Units (CGFMU) scheme. Additionally, the company implemented a complete separation of credit and recovery functions from branch operations to enhance accountability and monitoring.

On the stand-alone front, AUM grew by 30% year-on-year to INR730 crores. The MSME segment contributed 76% of the overall portfolio, followed by Loan Against Property (LAP) and 2-wheeler businesses. Quarterly disbursements stood at INR213 crores, while full-year disbursements stood at INR636 crores. Asset quality remained stable with GNPA for the MSME segment at 3.84% and the 2-wheelers segment at 3.95%. Collection efficiency for all segments stood above 96% in Q4 FY26.

The company maintains a strong liquidity and capital position. The capital adequacy ratio stood at 27.86% for the subsidiary Namra Finance and 41% for the stand-alone business as of March 31, 2026. Available liquidity was INR229 crores, comprising cash bank balances, liquid investments, and undrawn limits. The company also holds undrawn sanctions of INR275 crores from existing lenders.

Key Financial Metrics for FY26

Management indicated that the operating environment is moving towards a stable and disciplined growth cycle following a challenging phase in the microfinance industry. The company shifted towards an individual-level credit evaluation model to strengthen underwriting, although this resulted in elevated rejection rates and increased operating costs. For FY27, the focus remains on responsible growth, maintaining collection efficiencies, and improving operating efficiencies while rationalizing cost structures.

Arman Financial Services Limited promoter Jayendrabhai Bhailalbhai Patel has declared that he, along with persons acting in concert, has not created any encumbrance on shares during the financial year 2025-26. The disclosure was submitted to the stock exchanges on April 04, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing assures stakeholders that the promoter group's shareholding remains unencumbered, which is critical for maintaining transparency regarding ownership and potential acquisition risks.

The declaration explicitly states that no shares were encumbered directly or indirectly by the promoter or the designated persons acting in concert throughout the specified financial period. The filing was addressed to BSE Limited and the National Stock Exchange of India Limited to ensure the information is placed on public record. A copy of the declaration was also forwarded to the Audit Committee of Arman Financial Services Limited.

The disclosure provides the names and categories of the promoters and persons acting in concert covered under this declaration. The list includes the primary promoter and several members of the promoter group, encompassing individuals and a Limited Liability Partnership (LLP).

The submission confirms that the shareholding structure of these key stakeholders remains free from liens or charges as of the end of FY 2025-26.