Arman Financial Services Limited announced a development regarding the credit rating of its material subsidiary. The company informed stock exchanges that CARE Ratings Limited has reaffirmed the credit rating for various Non-Convertible Debentures (NCDs) issued by its subsidiary Namra Finance Limited.

Credit Rating Details

The rating agency maintained the existing credit rating at CARE A- for Namra Finance Limited's Non-Convertible Debentures. This reaffirmation indicates that CARE Ratings continues to assess the subsidiary's creditworthiness at the same level as previously evaluated.

Rating Outlook

While the credit rating remained unchanged, CARE Ratings Limited maintained a negative outlook for these ratings. The negative outlook suggests that the rating agency perceives potential downward pressure on the credit rating in the near to medium term, though the current rating level has been sustained.

Regulatory Compliance

Arman Financial Services Limited made this disclosure in compliance with SEBI regulations, specifically under Regulation 30, 51, and 55 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this information to both BSE Limited and National Stock Exchange of India Limited.

Corporate Structure

The rating reaffirmation pertains to Namra Finance Limited, which operates as a material subsidiary of Arman Financial Services Limited. The parent company is headquartered in Ahmedabad, Gujarat, and maintains its registered office at SAKAR III, opposite the Old High Court, off Ashram Road.

Arman Financial Services Limited Announces Debenture Redemption

Arman Financial Services Limited , a non-banking financial company (NBFC), has recently announced the redemption of its non-convertible debentures (NCDs). This corporate action demonstrates the company's commitment to meeting its financial obligations and maintaining investor trust.

Key Details of the Debenture Redemption

• Redemption Date: March 31, 2023
• ISIN: INE109C07040
• Type of Security: Non-Convertible Debentures (NCDs)
• Face Value: ₹10,00,000 per NCD
• Total Number of NCDs: 250
• Total Redemption Amount: ₹25,00,00,000

Impact on Investors

Investors holding these NCDs will receive the full face value of ₹10,00,000 per debenture on the redemption date. This timely redemption reflects positively on Arman Financial Services Limited's financial health and its ability to honor its debt obligations.

Company Background

Arman Financial Services Limited is a non-banking financial company that provides various financial services, including microfinance, two-wheeler loans, and MSME loans. The company has been operating in the financial sector for several years and has established a presence in multiple states across India.

Conclusion

The redemption of these non-convertible debentures is a positive indicator for Arman Financial Services Limited. It demonstrates the company's financial stability and its commitment to meeting its obligations to investors. As the company continues to manage its debt effectively, it may potentially strengthen its position in the competitive NBFC sector.