Aryaman Financial Services has announced that its wholly owned subsidiary, Aryaman Finance (India) Limited, has obtained the Certificate of Registration from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Institution.

RBI Certificate Details

Aryaman Finance (India) Limited received the Certificate of Registration on December 24, 2025, authorizing it to commence and carry on business as a Non-Banking Financial Institution under the Category: Type II NBFC-ND-ICC (Non-Deposit taking - Investment and Credit Company). The certificate was issued by the RBI's Mumbai office.

Subsidiary Development Timeline

This regulatory approval follows a structured expansion process that began earlier in 2025. The company had previously informed the stock exchange about the incorporation of Aryaman Finance (India) Limited as a wholly owned subsidiary on January 31, 2025. On April 01, 2025, the company announced additional capital infusion into the subsidiary to support its business operations.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations, providing details about the regulatory approval. According to the filing, the impact and relevance of this approval to the listed entity has been marked as "Not Applicable."

Business Authorization Scope

The Type II NBFC-ND-ICC classification allows Aryaman Finance (India) Limited to engage in investment and credit activities without accepting public deposits. This category of NBFC typically focuses on lending, investment activities, and other financial services while maintaining regulatory compliance with RBI guidelines for non-banking financial companies.

The receipt of this certificate enables the subsidiary to commence its planned NBFC operations, positioning Aryaman Financial Services for an expanded presence in the financial services sector through its dedicated NBFC arm.

Aryaman Financial Services Limited (AFSL) has announced its unaudited financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

On a standalone basis, AFSL reported a significant decrease in revenue from operations, which stood at Rs 348.09 lakhs, down from Rs 1,170.30 lakhs in the previous quarter. Despite the revenue decline, the company managed to post a net profit of Rs 133.76 lakhs, although this was lower than the Rs 361.17 lakhs recorded in the prior quarter.

Consolidated Results

The consolidated financial results, which include the performance of AFSL's three subsidiaries - Aryaman Capital Markets Limited, Escorp Asset Management Limited, and Aryaman Finance (India) Limited - painted a broader picture of the company's operations.

Total revenue from operations on a consolidated basis was Rs 2,878.92 lakhs, compared to Rs 3,945.33 lakhs in the previous quarter. This represents a quarter-on-quarter decrease of approximately 27%.

Financial Highlights

Segment Performance

The company's revenue streams showed varied performance:

• Fees and Commission Income: Rs 269.95 lakhs
• Income from Sales of Stock in Trade: Rs 207.75 lakhs
• Investment & Dividend Income: Rs 1,398.20 lakhs

Board Meeting and Approval

The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors in their meeting. The board meeting commenced at 3:00 PM and concluded at 4:20 PM.

About Aryaman Financial Services Limited

Aryaman Financial Services Limited operates in the financial services segment, offering a range of services through its parent company and subsidiaries. The company continues to navigate the dynamic financial landscape, adapting to market conditions as reflected in its Q1 performance.

Investors and stakeholders can access the detailed financial results on the company's website at http://afsl.co.in/investor-relation.html .

Note: All figures are based on the unaudited financial results for the quarter as reported by Aryaman Financial Services Limited.