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.

Arman Financial Services Limited shareholders approved all resolutions at the 34th Annual General Meeting held on September 28, 2026. The meeting adopted standalone and consolidated financial statements for FY26 and re-appointed Aalok Jayendrabhai Patel as director.

The AGM was conducted via video conference and other audio-visual means in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. The proceedings commenced at 12:00 pm and concluded at 12:41 pm. Voting was conducted through remote e-voting and e-voting during the meeting, facilitated by National Securities Depository Limited (NSDL).

Resolutions passed

Shareholders transacted three ordinary resolutions set out in the notice dated August 25, 2026. The voting process utilized both remote e-voting and e-voting during the meeting. All resolutions were approved with requisite majority.

Mr. Aalok Jayendrabhai Patel retired by rotation and offered himself for re-appointment, which was subsequently approved by shareholders. He holds DIN 02482747.

Voting participation details

The company disclosed detailed voting statistics for the meeting. Out of 33,047 shareholders on the record date, 52 attended the meeting through video conferencing. No shareholders attended in person or through proxy.

Scrutiny and compliance

Mr. Gautam Virsadiya, a practicing company secretary from GKV & Associates, served as the scrutinizer for both the remote e-voting process and the e-voting conducted during the AGM. The scrutinizer's report confirmed that no invalid or incomplete votes were found in the e-voting system.

The remote e-voting period remained open from September 24, 2026, to September 27, 2026. Votes were unblocked on September 28, 2026, at around 1:10 pm in the presence of witnesses not employed by the company. The scrutinizer's report and detailed voting results are required to be submitted to stock exchanges under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These documents will be made available on the company's website separately.