Arman Financial Services Limited has announced that Acuité Ratings & Research Limited has reaffirmed the company's credit rating while revising its outlook. The development was communicated to BSE Limited on January 10, 2026, under regulatory compliance requirements.

Credit Rating Details

According to the press release dated February 28, 2025, Acuité Ratings has reaffirmed the credit rating for both Arman Financial Services and its material subsidiary Namra Finance Limited. The rating details are as follows:

Reasons for Outlook Revision

The rating agency cited specific concerns that led to the outlook revision from 'Stable' to 'Negative'. The primary factors include moderate profitability levels and rising credit costs that are impacting the company's asset quality. These challenges reflect operational pressures faced by the financial services provider.

Industry Context

The outlook revision is not solely based on company-specific factors. Acuité Ratings noted that broader trends in the Microfinance (MFI) industry have also influenced this decision. This suggests that the challenges faced by Arman Financial Services are part of wider sectoral headwinds affecting microfinance institutions.

Regulatory Compliance

The company filed this disclosure under multiple SEBI regulations, including Regulation 30, 51, and 55 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management explained that the delay in submission was due to an intervening weekend, with the disclosure being made on the following Monday. The company has committed to keeping stock exchanges informed of relevant compliances going forward.

Arman Financial Services Limited has successfully completed its debenture interest payment, disbursing ₹2.47 crores to debenture holders on January 09, 2026. The payment was executed one day ahead of the scheduled due date, demonstrating the company's commitment to timely debt servicing obligations.

Interest Payment Details

The company filed a compliance certificate with BSE Limited under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the completion of interest payments. The certificate was signed by Company Secretary Uttam Patel and submitted to the exchange on January 09, 2026.

Regulatory Compliance

The interest payment was made in accordance with SEBI Master Circular bearing reference number SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025. The company confirmed that there were no delays or non-payment issues, with the full interest amount of ₹2.46,51,124 disbursed to all eligible debenture holders.

Company Information

Arman Financial Services Limited, headquartered in Ahmedabad, Gujarat, operates from its registered office at 502-503, Sakar III, opposite Old High Court, off Ashram Road. The company maintains its commitment to regulatory compliance and timely debt servicing, as evidenced by this proactive interest payment execution ahead of the scheduled due date.