Arman Financial Services Eyes Fundraising via NCDs

Strategic update and context  

Ahmedabad-based Arman Financial Services Ltd, a non-banking financial company (NBFC), disclosed to BSE and NSE that its board committee will evaluate a proposal to issue secured, listed NCDs. The issuance, if approved, would provide the company with long-term funding flexibility, enabling it to expand lending operations and manage liabilities more efficiently. NCDs, being fixed-income instruments, are often preferred by NBFCs to raise capital without diluting equity. This step follows earlier approvals in June 2025, when the company raised ₹42 crore via private placement of redeemable NCDs. The upcoming meeting is expected to outline the scale, structure, and terms of the new issuance.  

 

Notable updates  

* Finance & Investment Committee meeting scheduled for November 26, 2025  

* Proposal to issue secured, listed non-convertible debentures (NCDs)  

* Aim to strengthen capital base and diversify funding sources  

* Previous ₹42 crore NCD issuance approved in June 2025 via private placement  

* Disclosure made to BSE and NSE by company secretary Uttam Patel  

 

Arman Financial’s consideration of fresh NCD issuance highlights its proactive approach to capital management, positioning the NBFC to support growth while balancing debt and equity structures.  

 

Sources: FilingReader, ScanX News, Moneyworks4me